Minneapolis Electrical Joint Apprenticeship & Training TR Fund

Analysis

Minneapolis Electrical Joint Apprenticeship & Training TR Fund is a registered charity in United States, based in Saint Michael, MN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 April 2023, Minneapolis Electrical Joint Apprenticeship & Training TR Fund reported income of $4.2m and spending of $4.1m, spending 96% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $4.0m to $4.2m (+6.6%), an average of +1.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minneapolis Electrical Joint Apprenticeship & Training TR Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Bible Mennonite Fellowship ($4.2m), Society for College & University Planning ($4.2m) and Cortland College Foundation Inc ($4.2m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $7.4m against liabilities of $548k, net assets of $6.8m. It reported 40 employees.