Denver Electrical Joint Apprenticeship and Training Commit

Analysis

Denver Electrical Joint Apprenticeship and Training Commit is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1984, 42 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 August 2023, Denver Electrical Joint Apprenticeship and Training Commit reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.2m to $2.7m (-15%), an average of -3.9% a year. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denver Electrical Joint Apprenticeship and Training Commit sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Verde Valley Sanctuary ($2.7m), Allegheny County Parks Foundation Inc ($2.7m) and Workshops Empowerment Inc ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $110k (4.6% of expenses). Other salaries and wages came to $644k. At year end it held assets of $9.2m against liabilities of $1.5m, net assets of $7.7m. It reported 36 employees.