Area 1 Electrical Education Trust

Analysis

Area 1 Electrical Education Trust is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 2000, 26 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 July 2023, Area 1 Electrical Education Trust reported income of $2.1m and spending of $1.8m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.0m to $2.1m (+3.4%), an average of +0.8% a year. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Area 1 Electrical Education Trust sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include North Routt Community Charter School ($2.1m), Kleo Community Family Life Center ($2.1m) and Two Rivers Community School ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $135k (7.3% of expenses). Other salaries and wages came to $626k. At year end it held assets of $6.5m against liabilities of $609, net assets of $6.5m. It reported 25 employees.