Southwestern Line Construction Electrical Joint Apprenticeship

Analysis

Southwestern Line Construction Electrical Joint Apprenticeship is a registered charity in United States, based in Bosque Farms, NM. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwestern Line Construction Electrical Joint Apprenticeship reported income of $10.7m and spending of $7.9m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $10.7m (+90%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwestern Line Construction Electrical Joint Apprenticeship sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include The Fund for Parks and Recreation in Boston ($10.6m), Brevard Workforce Development Board Inc ($10.7m) and Ascendus Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $313k (4.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $19.7m against liabilities of $0, net assets of $19.7m. It reported 24 employees.