National Electrical Contractors Association Inc & Ibew

Analysis

National Electrical Contractors Association Inc & Ibew is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, National Electrical Contractors Association Inc & Ibew reported income of $880k and spending of $782k, spending 89% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $674k to $880k (+31%), an average of +6.9% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Electrical Contractors Association Inc & Ibew sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include New Jersey District Council of Roofers Pre-Apprenticeship Program ($880k), Nusenda Foundation ($880k) and Lillian M Hudspeth Memorial Hospital-Ranch ($880k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $181k (23% of expenses). Other salaries and wages came to $133k. At year end it held assets of $440k against liabilities of $1,114, net assets of $439k. It reported 12 employees.