Terre Haute Electrical Joint Apprenticeship and Training Trust

Analysis

Terre Haute Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in July 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Terre Haute Electrical Joint Apprenticeship and Training Trust reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $901k to $1.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terre Haute Electrical Joint Apprenticeship and Training Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Uss LST Ship Memorial Inc ($1.1m), Hope Ignites Cincinnati ($1.1m) and Fresno Sheriffs Memorial Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 104% of the total. Compensation of current officers, directors and key employees was $116k (11% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.8m against liabilities of $5,048, net assets of $1.8m. It reported 15 employees.