Milwaukee Electrical Joint Apprenticeship and Training Plan

Analysis

Milwaukee Electrical Joint Apprenticeship and Training Plan is a registered charity in United States, based in Greenfield, WI. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Milwaukee Electrical Joint Apprenticeship and Training Plan reported income of $3.0m and spending of $2.6m, spending 87% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.5m to $3.0m (-15%), an average of -4.0% a year. The sharpest change came in the year to May 2022, when income dropped by 21%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Milwaukee Electrical Joint Apprenticeship and Training Plan sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Florida Association of Centers for Independent Living Inc Facil ($3.0m), Better Community Development Inc ($3.0m) and Sheet Metal Training Fund ($3.0m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $163k (6.2% of expenses). Other salaries and wages came to $192k. At year end it held assets of $8.3m against liabilities of $367k, net assets of $7.9m. It reported 24 employees.