Indianapolis Electrical Joint Apprenticeship Committee

Analysis

Indianapolis Electrical Joint Apprenticeship Committee is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1997, 29 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 December 2023, Indianapolis Electrical Joint Apprenticeship Committee reported income of $3.7m and spending of $3.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Indianapolis Electrical Joint Apprenticeship Committee sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Rainier Beach Community Empowerment ($3.7m), Regenesis Institute ($3.7m) and TN Vol Manufactering Services Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $232k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.1m against liabilities of $8,432, net assets of $8.1m. It reported 60 employees.