Lima Area Joint Apprenticeship & Training Committee

Analysis

Lima Area Joint Apprenticeship & Training Committee is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in August 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Lima Area Joint Apprenticeship & Training Committee reported income of $730k and spending of $664k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $730k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lima Area Joint Apprenticeship & Training Committee sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($730k), Snow Camp Volunteer Fire Department Inc ($730k) and Bible Camping Inc ($730k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $66k. At year end it held assets of $3.1m against liabilities of $516k, net assets of $2.6m. It reported 14 employees.