Electrical Industry Educational Fund

Analysis

Electrical Industry Educational Fund is a registered charity in United States, based in Orchard Park, NY. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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 December 2023, Electrical Industry Educational Fund reported income of $946k and spending of $978k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $825k to $946k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Electrical Industry Educational Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Agudas Achim Development Corporation ($946k), Austin Area Research Organization Inc ($946k) and Cameron Community Action Agency Inc ($946k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 90% of the total. Other salaries and wages came to $175k. At year end it held assets of $3.1m against liabilities of $17k, net assets of $3.1m. It reported 17 employees.