Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu reported income of $2.8m and spending of $2.2m, leaving 21% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $2.6m to $2.8m (+6.9%), an average of +2.3% a year. The sharpest change came in the year to May 2023, when income dropped by 19%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Saint Ambrose Academy ($2.8m), The Extra Mile Education Foundation Inc ($2.8m) and California Interscholastic Federation San Diego Section ($2.8m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $104k (4.7% of expenses). Other salaries and wages came to $516k. At year end it held assets of $5.7m against liabilities of $7,578, net assets of $5.7m. It reported 47 employees.