Independent Electrical Contractors Training Fund Inc

Analysis

Independent Electrical Contractors Training Fund Inc is a registered charity in United States, based in Northglenn, CO. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 June 2023, Independent Electrical Contractors Training Fund Inc reported income of $4.2m and spending of $3.0m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.2m (+31%), an average of +6.9% a year. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Electrical Contractors Training Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Beyond Blindness ($4.2m), Pharmaceutical Research and Manufacturers of America FND Inc ($4.2m) and The United Way of the Greater Dayton Area ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $149k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.7m against liabilities of $3.3m, net assets of $10.5m. It reported 75 employees.