Shreveport Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Shreveport Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Bossier City, LA. It received its IRS tax-exemption ruling in August 1975, 51 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 December 2023, Shreveport Electrical Joint Apprenticeship & Training Trust Fu reported income of $873k and spending of $437k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $873k (+248%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shreveport Electrical Joint Apprenticeship & Training Trust Fu sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Tennessee Soybean Festival Inc ($872k), Pets for Vets Inc ($873k) and The Womens Fund for Health Education and Research ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $77k (18% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.4m against liabilities of -$1,085, net assets of $1.4m. It reported 13 employees.