Warren Electrical Joint Apprenticeship & Training Trust

Analysis

Warren Electrical Joint Apprenticeship & Training Trust is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in April 2001, 25 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending December 2023, Warren Electrical Joint Apprenticeship & Training Trust reported income of $876k and spending of $579k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $876k (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warren Electrical Joint Apprenticeship & Training Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Conejo Hospice Inc ($875k), North Jersey R C & D Area Inc ($876k) and Center for Financial Training Southeastern Inc ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $84k. At year end it held assets of $3.5m against liabilities of $3,826, net assets of $3.5m. It reported 17 employees.