Local 697 Ibew Apprentice

Analysis

Local 697 Ibew Apprentice is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Local 697 Ibew Apprentice reported income of $2.7m and spending of $2.5m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.7m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local 697 Ibew Apprentice 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 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Duet Inc ($2.7m), Rising Star Resource Development Corporation ($2.7m) and Mifos Initiative ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $383k (15% of expenses). Other salaries and wages came to $560k. At year end it held assets of $12.2m against liabilities of $2,894, net assets of $12.2m. It reported 20 employees.