Lincoln Elec Contractors Assn Apprenticeship & Training Fund

Analysis

Lincoln Elec Contractors Assn Apprenticeship & Training Fund is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Lincoln Elec Contractors Assn Apprenticeship & Training Fund reported income of $488k and spending of $398k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $384k to $488k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lincoln Elec Contractors Assn Apprenticeship & Training Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Trinity Academy of Hartford ($488k), Sacred Heart Foundation Incorporated ($488k) and International Society for Thescholarship of Teaching and Learnin ($487k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $81k (20% of expenses). Other salaries and wages came to $41k. At year end it held assets of $712k against liabilities of $11k, net assets of $701k. It reported 5 employees.