Neca - Ibew No 176 Jatc Electrical Joint Apprenticeship Trust Fund

Analysis

Neca - Ibew No 176 Jatc Electrical Joint Apprenticeship Trust Fund is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in April 2020, 6 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, Neca - Ibew No 176 Jatc Electrical Joint Apprenticeship Trust Fund reported income of $2.7m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neca - Ibew No 176 Jatc Electrical Joint Apprenticeship Trust Fund sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Torrey Pines High School Foundation Inc ($2.7m), Monica Ros School ($2.7m) and Lighthouse Christian Academy Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $894k (46% of expenses). At year end it held assets of $9.4m against liabilities of $59k, net assets of $9.4m. It reported 17 employees.