Steamfitters Education Fund Local Union 475

Analysis

Steamfitters Education Fund Local Union 475 is a registered charity in United States, based in Warren, NJ. It received its IRS tax-exemption ruling in September 1981, 45 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 December 2023, Steamfitters Education Fund Local Union 475 reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steamfitters Education Fund Local Union 475 sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Altergarten Las Teresas II Inc ($1.0m), Green Bay Diocese Cemetery Corporation ($1.0m) and Davenport Lend-A-Hand Housing Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $434k. At year end it held assets of $2.1m against liabilities of $37k, net assets of $2.1m. It reported 8 employees.