Omaha JT Elect App & Training Comm

Analysis

Omaha JT Elect App & Training Comm is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 1974, 52 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 June 2024, Omaha JT Elect App & Training Comm reported income of $1.2m and spending of $1.6m, spending 136% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.6m to $1.2m (-54%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Omaha JT Elect App & Training Comm sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include North Carolina Humanities Council ($1.2m), Special Olympics District of Columbia Inc ($1.2m) and Uptown United ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 83% of the total. Compensation of current officers, directors and key employees was $156k (9.6% of expenses). Other salaries and wages came to $643k. At year end it held assets of $7.1m against liabilities of $9,448, net assets of $7.1m. It reported 57 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.