Plumbers Local 24 Education Fund

Analysis

Plumbers Local 24 Education Fund is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1967, 59 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 April 2023, Plumbers Local 24 Education Fund reported income of $1.3m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.5m to $1.3m (-11%), an average of -2.8% a year. The sharpest change came in the year to April 2022, when income dropped by 19%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plumbers Local 24 Education Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Women Networking in Electronic Transactions ($1.3m), Philadelphia Association of Community Development Corporations ($1.3m) and Myrtle Avenue Brooklyn District Management Association Inc ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $377k. At year end it held assets of $6.7m against liabilities of $20k, net assets of $6.7m.