Bloomington Normal Electrical Joint Apprenticeship & Training Fund

Analysis

Bloomington Normal Electrical Joint Apprenticeship & Training Fund is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in August 2001, 25 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 May 2024, Bloomington Normal Electrical Joint Apprenticeship & Training Fund reported income of $650k and spending of $677k, spending 104% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $519k to $650k (+25%), an average of +5.7% a year. The sharpest change came in the year to May 2021, when income rose by 84%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bloomington Normal Electrical Joint Apprenticeship & Training Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Working Ranch Cowboys Foundation ($650k), Potentia Academy ($650k) and Village Initiative Project Inc ($649k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 93% of the total. Other salaries and wages came to $250k. At year end it held assets of $1.3m against liabilities of $947, net assets of $1.3m. It reported 17 employees.