Quad-City Electrical Joint Apprenticeship & Training Program

Analysis

Quad-City Electrical Joint Apprenticeship & Training Program is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in June 2021, 5 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 December 2023, Quad-City Electrical Joint Apprenticeship & Training Program reported income of $993k and spending of $920k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $735k to $993k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quad-City Electrical Joint Apprenticeship & Training Program 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 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Guilford Education Alliance Inc ($992k), Humanist Academy ($993k) and Little Peaks Inc ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $139k (15% of expenses). Other salaries and wages came to $218k. At year end it held assets of $1.8m against liabilities of $46k, net assets of $1.7m. It reported 21 employees.