Kalamazoo Electrical Training Alliance

Analysis

Kalamazoo Electrical Training Alliance is a registered charity in United States, based in Schoolcraft, MI. It received its IRS tax-exemption ruling in November 2022, 4 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 December 2023, Kalamazoo Electrical Training Alliance reported income of $683k and spending of $632k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $683k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kalamazoo Electrical Training Alliance sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Galvan Housing Resources Inc ($683k), Community Data Roundtable ($683k) and Market District Improvement Corporation ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $61k (9.7% of expenses). Other salaries and wages came to $198k. At year end it held assets of $1.8m against liabilities of $31k, net assets of $1.7m. It reported 13 employees.