Oak Ridge Electrical Trades Apprenticeship Training Fund

Analysis

Oak Ridge Electrical Trades Apprenticeship Training Fund is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in August 2007, 19 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oak Ridge Electrical Trades Apprenticeship Training Fund reported income of $1.6m and spending of $580k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $366k to $1.6m (+344%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Ridge Electrical Trades Apprenticeship Training Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Boy Scouts of America ($1.6m), Unicorn Garden Inc ($1.6m) and Coda Media Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $151k. At year end it held assets of $3.4m against liabilities of $52k, net assets of $3.3m. It reported 7 employees.