Plumbers & Steamfitters Local Union 112 Educ & Appren Fund

Analysis

Plumbers & Steamfitters Local Union 112 Educ & Appren Fund is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2023, Plumbers & Steamfitters Local Union 112 Educ & Appren Fund reported income of $1.1m and spending of $678k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $594k to $1.1m (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 62% 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 112 Educ & Appren Fund 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 76th percentile within NY. Charities of a similar size with the same main cause include Lee County Industries Inc ($1.1m), Pennsylvania Downtown Center Inc ($1.1m) and Madison Rotary Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $8,220 (1.2% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.3m against liabilities of $68k, net assets of $3.3m. It reported 14 employees.