Plumbers Local Union No 1 Trade & Education Fund

Analysis

Plumbers Local Union No 1 Trade & Education Fund is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in December 1990, 36 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 Union No 1 Trade & Education Fund reported income of $5.7m and spending of $4.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 81% 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 Union No 1 Trade & Education Fund 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 90th percentile within NY. Charities of a similar size with the same main cause include Steamfitters Training School Inc ($5.7m), Sacramento Area Electrical Workers Joint Apprenticeship & Training TR ($5.7m) and Sustainable Northwest ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $312k (6.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $18.0m against liabilities of $3.8m, net assets of $14.3m.