Sacramento Area Electrical Workers Joint Apprenticeship & Training TR

Analysis

Sacramento Area Electrical Workers Joint Apprenticeship & Training TR is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacramento Area Electrical Workers Joint Apprenticeship & Training TR reported income of $5.7m and spending of $2.9m, leaving 50% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $5.7m (+179%), an average of +23% a year. The sharpest change came in the year to December 2019, when income rose by 49%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sacramento Area Electrical Workers Joint Apprenticeship & Training TR sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Plumbers Local Union No 1 Trade & Education Fund ($5.7m), Columbia Empowerment Zone Inc ($5.7m) and Steamfitters Training School Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $992k (35% of expenses). Other salaries and wages came to $393k. At year end it held assets of $7.8m against liabilities of $8,844, net assets of $7.8m. It reported 12 employees.