Daytona Beach Electrical Jatc Inc

Analysis

Daytona Beach Electrical Jatc Inc is a registered charity in United States, based in Port Orange, FL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Daytona Beach Electrical Jatc Inc reported income of $208k and spending of $261k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $194k to $208k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Daytona Beach Electrical Jatc Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Medina Lake Betterment Association ($208k), Indian Medical Association of Northwest Indiana ($208k) and Paso Robles Main Street Inc ($208k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $41k. At year end it held assets of $343k against liabilities of $1,578, net assets of $341k. It reported 2 employees.