Lorain County Electrical Joint Apprenticeship and Training Trust

Analysis

Lorain County Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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 June 2023, Lorain County Electrical Joint Apprenticeship and Training Trust reported income of $715k and spending of $541k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $565k to $715k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lorain County Electrical Joint Apprenticeship and Training Trust sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Jane Austen Society of N America ($715k), California Chins ($715k) and Lewisboro Library ($714k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $124k. At year end it held assets of $1.6m against liabilities of $3,716, net assets of $1.6m. It reported 3 employees.