Portsmouth Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Portsmouth Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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, Portsmouth Electrical Joint Apprenticeship & Training Trust Fu reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $594k to $1.5m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portsmouth Electrical Joint Apprenticeship & Training Trust Fu sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Missionary Sisters of Saint Benedict Home for the Aged Inc ($1.5m), Anchor House Inc ($1.5m) and Affordable Housing Preservation Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $121k (10% of expenses). Other salaries and wages came to $236k. At year end it held assets of $2.1m against liabilities of $362k, net assets of $1.7m. It reported 28 employees.