Plumbers Local No 12 Education Fund

Analysis

Plumbers Local No 12 Education Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1983, 43 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, Plumbers Local No 12 Education Fund reported income of $4.1m and spending of $3.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $4.1m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plumbers Local No 12 Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Hillman Accelerator ($4.1m), Local 26 Educational Development Trust ($4.1m) and Institute for Local Self Reliance Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $234k (6.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $10.4m against liabilities of $323k, net assets of $10.1m. It reported 23 employees.