Louisville Electrical Joint Apprenticeship and Training Trust

Analysis

Louisville Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Louisville Electrical Joint Apprenticeship and Training Trust reported income of $3.4m and spending of $3.1m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.4m (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisville Electrical Joint Apprenticeship and Training Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Aplastic Anemia & MDS International Foundation Inc ($3.4m), Mission First Inc ($3.4m) and Suffolk Community College Association Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $106k (3.4% of expenses). Other salaries and wages came to $844k. At year end it held assets of $7.7m against liabilities of $65k, net assets of $7.6m. It reported 17 employees.