Independent Electrical Training Trust

Analysis

Independent Electrical Training Trust is a registered charity in United States, based in Tigard, OR. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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, Independent Electrical Training Trust reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $1.6m (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Electrical Training 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 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Christus St Patrick Foundation ($1.6m), Davidson Medical Ministries Clinic Inc ($1.6m) and Rolf Institute ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $1.3m against liabilities of $78k, net assets of $1.2m.