Alaska Joint Electrical Apprenticeship and Training Trust

Analysis

Alaska Joint Electrical Apprenticeship and Training Trust is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Alaska Joint Electrical Apprenticeship and Training Trust reported income of $2.9m and spending of $3.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.9m (+9.6%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alaska Joint Electrical Apprenticeship and Training Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within AK. Charities of a similar size with the same main cause include Logan Heights Community Development Corporation ($2.9m), Housing Assistance Management Enterprise ($2.9m) and Arrowhead West Endowment Association ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $98k (3.2% of expenses). Other salaries and wages came to $935k. At year end it held assets of $4.7m against liabilities of $117k, net assets of $4.6m. It reported 24 employees.