The Electrical Trades Center

Analysis

The Electrical Trades Center is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2023, The Electrical Trades Center reported income of $5.5m and spending of $4.4m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $5.5m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Electrical Trades Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Udig Ny Inc ($5.5m), Country Childrens Center Inc ($5.5m) and Galesburg Hospitals Ambulance Service ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $673k (15% of expenses). Other salaries and wages came to $339k. At year end it held assets of $7.1m against liabilities of $182k, net assets of $6.9m. It reported 41 employees.