Independent Electrical Contractors Inc

Analysis

Independent Electrical Contractors Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 2000, 26 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, Independent Electrical Contractors Inc reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $905k to $1.7m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Electrical Contractors Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Greenbush Child Caring Inc ($1.7m), Anthem Preparatory School ($1.7m) and Saint Andrew School ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 76% of the total. Other salaries and wages came to $305k. At year end it held assets of $1.3m against liabilities of $397k, net assets of $924k. It reported 24 employees.