Independent Electrical Contractors Foundation

Analysis

Independent Electrical Contractors Foundation is a registered charity in United States, based in Monroeville, PA. It received its IRS tax-exemption ruling in October 1996, 30 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, Independent Electrical Contractors Foundation reported income of $1.4m and spending of $1.6m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $672k to $1.4m (+106%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Independent Electrical Contractors Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Labor Education & Research Project ($1.4m), Dakota Business Finance ($1.4m) and Texas Medical Association Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $133k (8.5% of expenses). At year end it held assets of $2.5m against liabilities of $81k, net assets of $2.4m. It reported 1 employees.