Plumbers and Steamfitters Local No 21 Education and Training Fund

Analysis

Plumbers and Steamfitters Local No 21 Education and Training Fund is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Plumbers and Steamfitters Local No 21 Education and Training Fund reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.5m (-24%), an average of -6.6% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plumbers and Steamfitters Local No 21 Education and Training Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Professional Association of Georgia Educators Legal Defense Inc ($1.5m), Mohawk Valley Library System ($1.5m) and Five Colleges of Ohio ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $666k (45% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.9m against liabilities of $121k, net assets of $1.8m. It reported 26 employees.