New Mexico Electrical Industry Joint Apprenticeship and Training

Analysis

New Mexico Electrical Industry Joint Apprenticeship and Training is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1971, 55 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 December 2023, New Mexico Electrical Industry Joint Apprenticeship and Training reported income of $1.7m and spending of $2.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Electrical Industry Joint Apprenticeship and Training sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Operation Shower ($1.7m), Otter Creek Child Center Inc ($1.7m) and Way Station ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $133k (6.5% of expenses). Other salaries and wages came to $623k. At year end it held assets of $1.4m against liabilities of $3,765, net assets of $1.4m. It reported 24 employees.