Akron Area Electrical Joint Apprenticeship Training Trust Fund

Analysis

Akron Area Electrical Joint Apprenticeship Training Trust Fund is a registered charity in United States, based in Coventry TWP, OH. It received its IRS tax-exemption ruling in January 2001, 25 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 July 2024, Akron Area Electrical Joint Apprenticeship Training Trust Fund reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $1.5m to $1.4m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to July 2024, when income dropped by 23%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Akron Area Electrical Joint Apprenticeship Training Trust Fund sits at the 79th percentile: it is larger than about 79% 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 W Wyman King Academy ($1.4m), University Rathskeller Inc ($1.4m) and Palestinian Students Scholarship Fund Inc ($1.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $126k (11% of expenses). Other salaries and wages came to $323k. At year end it held assets of $3.6m against liabilities of $253k, net assets of $3.3m.