Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund

Analysis

Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 July 2023, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund reported income of $1.3m and spending of $745k, leaving 42% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.3m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to July 2021, when income rose by 75%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust 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 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Tenants Union of Washington ($1.3m), Foundation to Advance Catholic Education Inc ($1.3m) and Operation Freedom Paws ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $49k (6.6% of expenses). Other salaries and wages came to $111k. At year end it held assets of $5.0m against liabilities of $1.6m, net assets of $3.4m. It reported 16 employees.