North Alabama Electrical Joint Apprenticeship & Training TR Fund

Analysis

North Alabama Electrical Joint Apprenticeship & Training TR Fund is a registered charity in United States, based in Sheffield, AL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, North Alabama Electrical Joint Apprenticeship & Training TR Fund reported income of $816k and spending of $909k, spending 111% of what it took in. Across the 6 years on record, from December 2019 to July 2024, income grew from $713k to $816k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Alabama Electrical Joint Apprenticeship & Training TR Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include Pre-K Preparatory Learning Academy ($816k), Bevill State Community College Foundation Inc ($816k) and Blodgett Memorial Library District of Fishkill ($816k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $101k (11% of expenses). Other salaries and wages came to $236k. At year end it held assets of $2.0m against liabilities of $2,256, net assets of $2.0m. It reported 31 employees.