Ithaca Electrical Joint Apprenticeship Training Fund Local

Analysis

Ithaca Electrical Joint Apprenticeship Training Fund Local is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in February 2013, 13 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 May 2023, Ithaca Electrical Joint Apprenticeship Training Fund Local reported income of $448k and spending of $412k, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $473k to $448k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to May 2020, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ithaca Electrical Joint Apprenticeship Training Fund Local sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Millennial Debt Foundation ($448k), Interfaith Thrift Shop ($448k) and Cambridge Classical Academy ($448k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $5,881 (1.4% of expenses). Other salaries and wages came to $144k. At year end it held assets of $1.3m against liabilities of $18k, net assets of $1.3m. It reported 15 employees.