Joint Electrical Industry Training Fund

Analysis

Joint Electrical Industry Training Fund is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2023, Joint Electrical Industry Training Fund reported income of $2.7m and spending of $1.7m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.7m (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Joint Electrical Industry Training Fund 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Ability Works Inc ($2.7m), Black Hills Works Foundation Inc ($2.7m) and Dubuque Initiatives ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $168k (10% of expenses). Other salaries and wages came to $552k. At year end it held assets of $4.9m against liabilities of $285, net assets of $4.9m. It reported 23 employees.