Baltimore Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Baltimore Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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, Baltimore Electrical Joint Apprenticeship & Training Trust Fu reported income of $2.6m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.6m (+21%), an average of +4.9% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore Electrical Joint Apprenticeship & Training Trust Fu sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Institute on Taxation and Economic Policy ($2.6m), Nextech Org Inc ($2.6m) and Freedom Ministries Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $125k (4.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $10.9m against liabilities of $9,984, net assets of $10.9m. It reported 19 employees.