Wichita Electrical Industry Training Fund Board Inc

Analysis

Wichita Electrical Industry Training Fund Board Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Wichita Electrical Industry Training Fund Board Inc reported income of $1.1m and spending of $888k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $660k to $1.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 63%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wichita Electrical Industry Training Fund Board Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Empower Work Inc ($1.1m), Taala Fund ($1.2m) and Urban Scholastic Center ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $304k. At year end it held assets of $1.2m against liabilities of $1,004, net assets of $1.2m. It reported 5 employees.