Ventura County Electrical Workers Joint Apprenticeship Trust Fund

Analysis

Ventura County Electrical Workers Joint Apprenticeship Trust Fund is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ventura County Electrical Workers Joint Apprenticeship Trust Fund reported income of $971k and spending of $762k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $686k to $971k (+42%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ventura County Electrical Workers Joint Apprenticeship Trust Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Book Em ($971k), Watermark Classical Academy ($971k) and Faith Christian School ($971k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $221k (29% of expenses). Other salaries and wages came to $131k. At year end it held assets of $3.2m against liabilities of $1.2m, net assets of $2.0m. It reported 12 employees.