Colorado Springs Electrical Joint Apprenticeship and Training Trust

Analysis

Colorado Springs Electrical Joint Apprenticeship and Training Trust is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Colorado Springs Electrical Joint Apprenticeship and Training Trust reported income of $478k and spending of $527k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $478k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Springs Electrical Joint Apprenticeship and Training Trust sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include USA Patriots Veteran Athletics ($478k), Mindpeace ($478k) and Norfield Childrens Center Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $94k (18% of expenses). Other salaries and wages came to $123k. At year end it held assets of $889k against liabilities of $0, net assets of $889k. It reported 17 employees.