Charlotte Electrical Joint Apprenticeship & Training Committ

Analysis

Charlotte Electrical Joint Apprenticeship & Training Committ is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2001, 25 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, Charlotte Electrical Joint Apprenticeship & Training Committ reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $944k to $1.3m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlotte Electrical Joint Apprenticeship & Training Committ sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Black Brand ($1.3m), Meeting Professionals International Foundation ($1.3m) and Downtown Worcester Business Improvement District Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $110k (8.4% of expenses). Other salaries and wages came to $270k. At year end it held assets of $3.7m against liabilities of $1.5m, net assets of $2.2m. It reported 15 employees.