Beaumont Electrical Joint Apprenticeship Trust Fund

Analysis

Beaumont Electrical Joint Apprenticeship Trust Fund is a registered charity in United States, based in Nederland, TX. It received its IRS tax-exemption ruling in May 1980, 46 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, Beaumont Electrical Joint Apprenticeship Trust Fund reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $912k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaumont Electrical Joint Apprenticeship Trust Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include American Society of Civil Engineers ($1.1m), International Institute for Energy Conservation Inc ($1.1m) and Eagle Futbol Club ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 67% of the total. Other salaries and wages came to $445k. At year end it held assets of $977k against liabilities of $1,383, net assets of $976k. It reported 6 employees.