California-Nev Elec JNT Apprenshp & TRNG TR Fund

Analysis

California-Nev Elec JNT Apprenshp & TRNG TR Fund is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 1969, 57 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, California-Nev Elec JNT Apprenshp & TRNG TR Fund reported income of $20.7m and spending of $13.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $20.7m (+164%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California-Nev Elec JNT Apprenshp & TRNG TR Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include John a Coleman School ($20.7m), Agency on Aging Area 4 ($20.7m) and Mid-Minnesota Legal Assistance Incorporated ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $452k (3.4% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $45.9m against liabilities of $765k, net assets of $45.2m. It reported 51 employees.