International Brotherhood of Electrical Training Trust Fund 60

Analysis

International Brotherhood of Electrical Training Trust Fund 60 is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 1969, 57 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, International Brotherhood of Electrical Training Trust Fund 60 reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Brotherhood of Electrical Training Trust Fund 60 sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association of the University of Illinois ($1.7m), Delaware County Victim Assistance Center ($1.7m) and Rocky Mountain Regional Volleyball Association ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $140k (9.6% of expenses). Other salaries and wages came to $380k. At year end it held assets of $3.0m against liabilities of $7,876, net assets of $3.0m. It reported 17 employees.