Austin Electrical Joint Apprenticeship & Training TR Fund

Analysis

Austin Electrical Joint Apprenticeship & Training TR Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1967, 59 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, Austin Electrical Joint Apprenticeship & Training TR Fund reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $1.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Austin Electrical Joint Apprenticeship & Training TR Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Women in Electronics ($1.3m), Latino Resource Organization Inc ($1.3m) and Coalition for Children Youth & Families ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $208k. At year end it held assets of $2.1m against liabilities of $1,961, net assets of $2.1m. It reported 26 employees.