Madison Electrical Joint Apprenticeship Training Trust Fund

Analysis

Madison Electrical Joint Apprenticeship Training Trust Fund is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Madison Electrical Joint Apprenticeship Training Trust Fund reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.9m (+51%), an average of +11% a year. The sharpest change came in the year to July 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Electrical Joint Apprenticeship Training Trust Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Community Empowerment Fund ($1.9m), Freedom Work Opportunities Inc ($1.9m) and Tampa Bay Wave Inc ($1.9m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.