Northern Illinois Electrical Joint Apprenticeship and Training Trust

Analysis

Northern Illinois Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 1999, 27 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, Northern Illinois Electrical Joint Apprenticeship and Training Trust reported income of $3.4m and spending of $1.8m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $993k to $3.4m (+242%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Illinois Electrical Joint Apprenticeship and Training Trust 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 90th percentile within IL. Charities of a similar size with the same main cause include Brewery Development Co of Jamaica Plain ($3.4m), Umb Health Sciences Research Park Corporation ($3.4m) and Southwest Mississippi Opportunity Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $220k (12% of expenses). Other salaries and wages came to $332k. At year end it held assets of $7.2m against liabilities of $6,282, net assets of $7.2m. It reported 23 employees.