Charleston Electrical Training Alliance

Analysis

Charleston Electrical Training Alliance is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in September 2020, 6 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 June 2023, Charleston Electrical Training Alliance reported income of $400k and spending of $747k, spending 187% of what it took in. Across the 3 years on record, from December 2019 to June 2023, income fell from $793k to $400k (-50%), an average of -29% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charleston Electrical Training Alliance 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 71st percentile within SC. Charities of a similar size with the same main cause include Alliance 98 ($399k), Rural Transit Service Inc ($400k) and Transform Finance Inc ($399k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $147k. At year end it held assets of $660k against liabilities of $4,778, net assets of $655k. It reported 31 employees.