St Paul Area Electrical Joint Apprenticeship and Training Fund

Analysis

St Paul Area Electrical Joint Apprenticeship and Training Fund is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, St Paul Area Electrical Joint Apprenticeship and Training Fund reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.9m to $2.2m (+15%), an average of +3.7% a year. The sharpest change came in the year to May 2020, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Paul Area Electrical Joint Apprenticeship and Training Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Foundation for Sephardic Studies Inc ($2.2m), Norman Youth Soccer Association Inc ($2.2m) and Mission Capital ($2.2m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $289k (13% of expenses). Other salaries and wages came to $678k. At year end it held assets of $3.7m against liabilities of $22k, net assets of $3.7m. It reported 32 employees.