Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund

Analysis

Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Vocational Opportunities of Cherokee Inc ($1.1m), Great Northern Development Corporation ($1.1m) and NDC Entrepreneur Training Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $399k. At year end it held assets of $2.0m against liabilities of $111k, net assets of $1.9m. It reported 21 employees.