Cleveland Electrical Joint Apprenticeship and Training Trust

Analysis

Cleveland Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Valley View, OH. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Cleveland Electrical Joint Apprenticeship and Training Trust reported income of $2.3m and spending of $2.0m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.3m (+12%), an average of +2.8% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Electrical Joint Apprenticeship and Training Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Nonprofit Association of Oregon ($2.3m), City of Albuquerque Foundation ($2.3m) and Banyan Foundation ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $185k (9.1% of expenses). Other salaries and wages came to $657k. At year end it held assets of $5.3m against liabilities of $16k, net assets of $5.3m. It reported 28 employees.