Des Moines Electrical Apprenticeship Training Trust

Analysis

Des Moines Electrical Apprenticeship Training Trust is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in September 2014, 12 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 2024, Des Moines Electrical Apprenticeship Training Trust reported income of $3.7m and spending of $2.1m, leaving 44% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.3m to $3.7m (+63%), an average of +13% a year. The sharpest change came in the year to May 2021, when income rose by 35%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Des Moines Electrical Apprenticeship Training Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include A Knock at Midnight Inc ($3.7m), Valley Grande Institute for Academic Studies ($3.7m) and Santa Cruz Waldorf School Assn ($3.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.7% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $128k (6.2% of expenses). Other salaries and wages came to $877k. At year end it held assets of $17.0m against liabilities of $66k, net assets of $16.9m. It reported 10 employees.