Fort Wayne Electrical Joint Apprenticeship and Training Trust

Analysis

Fort Wayne Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in November 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Fort Wayne Electrical Joint Apprenticeship and Training Trust reported income of $805k and spending of $844k, spending 105% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $397k to $805k (+103%), an average of +19% a year. The sharpest change came in the year to May 2021, when income rose by 58%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Wayne Electrical Joint Apprenticeship and Training Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include New England Hebrew Academy ($805k), Northwood Foundation ($805k) and Melmark Home Workers Compensation Trust ($804k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $251 (0.0% of expenses). Other salaries and wages came to $268k. At year end it held assets of $639k against liabilities of $7,672, net assets of $631k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.