Wyoming Joint Electrical Apprenticeship and Training Trust

Analysis

Wyoming Joint Electrical Apprenticeship and Training Trust is a registered charity in United States, based in Casper, WY. It received its IRS tax-exemption ruling in March 1968, 58 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 June 2024, Wyoming Joint Electrical Apprenticeship and Training Trust reported income of $572k and spending of $687k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $847k to $572k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wyoming Joint Electrical Apprenticeship and Training Trust sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within WY. Charities of a similar size with the same main cause include Floreciendo ($572k), Senior Village at Saddlebrooke Inc ($572k) and Borderplex Bi-National Economic Alliance Foundation ($571k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $206k. At year end it held assets of $4.3m against liabilities of $27k, net assets of $4.2m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.