Jacksonville Electrical Joint Apprenticeship and TRNG Comm Inc

Analysis

Jacksonville Electrical Joint Apprenticeship and TRNG Comm Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2002, 24 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, Jacksonville Electrical Joint Apprenticeship and TRNG Comm Inc reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.6m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jacksonville Electrical Joint Apprenticeship and TRNG Comm Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Hugh Lane Foundation ($2.6m), Specialty Industries of St Joseph I NC ($2.6m) and Sequoyah Fund Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $148k (6.3% of expenses). Other salaries and wages came to $473k. At year end it held assets of $5.2m against liabilities of $87k, net assets of $5.2m. It reported 25 employees.