Toledo Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Toledo Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Rossford, OH. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, Toledo Electrical Joint Apprenticeship & Training Trust Fu reported income of $4.2m and spending of $4.4m, spending 103% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $6.0m to $4.2m (-30%), an average of -11% a year. The sharpest change came in the year to July 2023, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toledo Electrical Joint Apprenticeship & Training Trust Fu sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Society of Research Administrators International Inc ($4.2m), Arlington Heights Nursery School Inc ($4.2m) and American Academy McAllister Institute of Funeral Service Inc ($4.2m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $375k (8.6% of expenses). Other salaries and wages came to $872k. At year end it held assets of $10.7m against liabilities of $16k, net assets of $10.7m. It reported 47 employees.