San Mateo County Electrical Apprenticeship & Training Trust

Analysis

San Mateo County Electrical Apprenticeship & Training Trust is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2005, 21 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 October 2023, San Mateo County Electrical Apprenticeship & Training Trust reported income of $5.0m and spending of $3.8m, leaving 24% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $4.8m to $5.0m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to October 2023, when income rose by 34%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Mateo County Electrical Apprenticeship & Training Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Naaleh School for Girls a NJ Nonprofit Corporation ($5.0m), Access Mammoth ($5.0m) and Bair Foundation of Virginia ($5.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $235k (6.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $16.6m against liabilities of $195k, net assets of $16.4m. It reported 35 employees.