Central Valley Electrical Industry Training and Education Trust

Analysis

Central Valley Electrical Industry Training and Education Trust is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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, Central Valley Electrical Industry Training and Education Trust reported income of $1.6m and spending of $851k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $931k to $1.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Valley Electrical Industry Training and 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 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include New York State Weatherization Directors Assoc Inc ($1.6m), Hunt County Fair Association Inc ($1.6m) and New Ways to Work Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Other salaries and wages came to $349k. At year end it held assets of $3.0m against liabilities of $28k, net assets of $2.9m. It reported 3 employees.