Pipefitters Education Fund Local Union 274

Analysis

Pipefitters Education Fund Local Union 274 is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in January 1968, 58 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, Pipefitters Education Fund Local Union 274 reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pipefitters Education Fund Local Union 274 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 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Club Wolverine Swimming Inc ($1.2m), Colab Foundation Inc ($1.2m) and New Jersey Association of Special Education Partner Schools Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $284k. At year end it held assets of $8.4m against liabilities of $19k, net assets of $8.4m. It reported 2 employees.