Neca-Ibew Electrical Training Trust

Analysis

Neca-Ibew Electrical Training Trust is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1965, 61 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, Neca-Ibew Electrical Training Trust reported income of $7.9m and spending of $7.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $7.9m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neca-Ibew Electrical Training Trust sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Beyond Blue Corporation ($7.9m), Shalom Christian Academy Association ($7.9m) and Sunshine High School - Greater Orlando Campus Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $15.0m against liabilities of $19k, net assets of $15.0m. It reported 56 employees.