West Texas Electrical Joint Apprenticeship and Training Trust

Analysis

West Texas Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 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 December 2023, West Texas Electrical Joint Apprenticeship and Training Trust reported income of $625k and spending of $522k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $625k (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 27%. 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, West Texas Electrical Joint Apprenticeship and Training Trust sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Groundwork Somerville Inc ($625k), Fort Hood Region Economic Development Foundation ($625k) and Amani Foundation Inc ($625k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $217k. At year end it held assets of $487k against liabilities of $0, net assets of $487k. It reported 16 employees.