Electrical Training Network

Analysis

Electrical Training Network is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Electrical Training Network reported income of $64k and spending of $57k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $64k (+3.4%), an average of +3.4% a year. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Electrical Training Network sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Detroit Lake Foundation ($64k), Winter Park Improvement Foundation Inc ($64k) and Partners in Giving Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 52% of the total. At year end it held assets of $112k against liabilities of $3,068, net assets of $109k.