National Utility Industry Training Fund

Analysis

National Utility Industry Training Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2009, 17 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 December 2023, National Utility Industry Training Fund reported income of $675k and spending of $371k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $710k to $675k (-4.9%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Utility Industry Training Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Seattle Streets Alliance ($675k), Empac Employment Resources Inc ($676k) and Urban Enterprise Association of South Bend Inc ($675k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $38k. At year end it held assets of $646k against liabilities of $13k, net assets of $633k. It reported 3 employees.