Crater Lake Electrical Joint Apprenticeship & Training Trust Fu

Analysis

Crater Lake Electrical Joint Apprenticeship & Training Trust Fu is a registered charity in United States, based in Central Point, OR. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2023, Crater Lake Electrical Joint Apprenticeship & Training Trust Fu reported income of $834k and spending of $911k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $372k to $834k (+124%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crater Lake Electrical Joint Apprenticeship & Training Trust Fu sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OR. Charities of a similar size with the same main cause include Appellate Project Inc ($833k), Escambia County Public Schools Foundation for Excellence Inc ($834k) and Movefwd Inc ($833k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $198k (22% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $63k, net assets of $1.1m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.