Cedar Rapids Electrical Apprenticeship Training & Educ TR

Analysis

Cedar Rapids Electrical Apprenticeship Training & Educ TR is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Cedar Rapids Electrical Apprenticeship Training & Educ TR reported income of $1.3m and spending of $1.0m, spending 83% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.1m to $1.3m (+11%), an average of +3.6% a year. The sharpest change came in the year to May 2021, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cedar Rapids Electrical Apprenticeship Training & Educ TR sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Southold Free Library ($1.3m), Clinton Christian Academy ($1.3m) and Tuscarawas County University Foundation ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 74% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $81k (7.7% of expenses). Other salaries and wages came to $453k. At year end it held assets of $3.0m against liabilities of $5,384, net assets of $3.0m. It reported 11 employees.