Electrical Local No 26 Joint Apprenticeship & Training TR Fund

Analysis

Electrical Local No 26 Joint Apprenticeship & Training TR Fund is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 1968, 58 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 2023, Electrical Local No 26 Joint Apprenticeship & Training TR Fund reported income of $15.3m and spending of $11.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $15.3m (+32%), an average of +7.1% a year. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Electrical Local No 26 Joint Apprenticeship & Training TR Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Heartland Forward ($15.3m), FSG Inc ($15.3m) and Goodwill Industries of East Texas Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $192k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $34.0m against liabilities of $717k, net assets of $33.3m. It reported 65 employees.