Plumbers & Steamfitters Local 267

Analysis

Plumbers & Steamfitters Local 267 is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Plumbers & Steamfitters Local 267 reported income of $2.5m and spending of $1.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.5m (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plumbers & Steamfitters Local 267 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Life Sciences Greenhouse of Central Pennsylvania ($2.5m), International Transportation Innovation Center ($2.5m) and Solidago Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $137k (7.5% of expenses). Other salaries and wages came to $675k. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m. It reported 45 employees.