Ibew Local 351 Jatc Fund

Analysis

Ibew Local 351 Jatc Fund is a registered charity in United States, based in Folsom, NJ. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ibew Local 351 Jatc Fund reported income of $1.2m and spending of $1.4m, spending 112% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $1.3m to $1.2m (-2.3%), an average of -0.8% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ibew Local 351 Jatc Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Montclair Center Corporation ($1.2m), Plumbers &pipefitter RS 142 Joint Apprentice & Journeysman TR TR FND ($1.2m) and Executive Service Corps of Chicago ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $472k. At year end it held assets of $6.4m against liabilities of $1.6m, net assets of $4.8m. It reported 22 employees.