Plumbers & Steamfitters Local Union 22 Apprenticeship Training Trust

Analysis

Plumbers & Steamfitters Local Union 22 Apprenticeship Training Trust is a registered charity in United States, based in West Seneca, NY. It received its IRS tax-exemption ruling in January 1961, 65 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 (gross receipts test) under section 501(c)(3).

In the financial year ending May 2024, Plumbers & Steamfitters Local Union 22 Apprenticeship Training Trust reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.5m to $1.8m (+24%), an average of +4.5% a year. The sharpest change came in the year to May 2024, when income rose by 19%. Over the whole period it spent 93% 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 Union 22 Apprenticeship Training Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Center for Houstons Future Inc ($1.8m), Douglas Center ($1.8m) and Ventana Fund ($1.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $189k (11% of expenses). Other salaries and wages came to $557k. At year end it held assets of $4.5m against liabilities of $1.6m, net assets of $3.0m. It reported 110 employees.