Montgomery Electrical Joint Apprenticeship & Training TR Fund

Analysis

Montgomery Electrical Joint Apprenticeship & Training TR Fund is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 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 2024, Montgomery Electrical Joint Apprenticeship & Training TR Fund reported income of $180k and spending of $159k, spending 88% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $85k to $180k (+112%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montgomery Electrical Joint Apprenticeship & Training TR Fund sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Northwest Indiana Quality of Life Council Inc ($180k), Unidos Inc ($180k) and Taproot Collective Inc ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $22k (14% of expenses). At year end it held assets of $221k against liabilities of $0, net assets of $221k.