Hampton Roads Electrical J a T C

Analysis

Hampton Roads Electrical J a T C is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in May 1976, 50 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 August 2023, Hampton Roads Electrical J a T C reported income of $408k and spending of $378k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $164k to $408k (+148%), an average of +26% a year. The sharpest change came in the year to August 2023, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hampton Roads Electrical J a T C sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Apprentice Educational Fund ($407k), Blindsight Delaware Enterprises Inc ($408k) and Forward Foundation Inc ($407k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (32% of expenses). Other salaries and wages came to $25k. At year end it held assets of $105k against liabilities of $1,901, net assets of $103k. It reported 10 employees.