Waterloo Joint Apprenticeship Training Trust

Analysis

Waterloo Joint Apprenticeship Training Trust is a registered charity in United States, based in Waterloo, 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 2023, Waterloo Joint Apprenticeship Training Trust reported income of $286k and spending of $217k, leaving 24% of income unspent that year. Across the 3 years on record, from May 2021 to May 2023, income grew from $207k to $286k (+38%), an average of +17% a year. The sharpest change came in the year to May 2023, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterloo Joint Apprenticeship Training Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Scotts Valley High School Falcon Club ($286k), Lao Lions Club Foundation ($286k) and Ge Chamber Foundation ($286k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $28k (13% of expenses). Other salaries and wages came to $1,884. At year end it held assets of $386k against liabilities of $880, net assets of $385k. It reported 2 employees.