Electrical Training Alliance

Analysis

Electrical Training Alliance is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in December 1994, 32 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 December 2023, Electrical Training Alliance reported income of $47.9m and spending of $50.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.5m to $47.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Electrical Training Alliance sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Central Florida Regional Workforce Development Board Inc ($47.8m), Hope Services ($48.0m) and Operation Homefront Inc ($47.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $669k (1.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $42.1m against liabilities of $6.3m, net assets of $35.8m. It reported 63 employees.