Ibew 375 Electrical Joint Apprenticeship and Training Trust

Analysis

Ibew 375 Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Ibew 375 Electrical Joint Apprenticeship and Training Trust reported income of $727k and spending of $673k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $727k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ibew 375 Electrical Joint Apprenticeship and Training Trust sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Virginia Community Voice ($727k), Mercado LA Paloma Inc ($727k) and Run Vermont Inc ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $189k (28% of expenses). Other salaries and wages came to $130k. At year end it held assets of $1.5m against liabilities of $12k, net assets of $1.5m. It reported 15 employees.