Plumbers and Steamfitters Local Union No 489 Training Fund

Analysis

Plumbers and Steamfitters Local Union No 489 Training Fund is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in September 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Plumbers and Steamfitters Local Union No 489 Training Fund reported income of $177k and spending of $143k, spending 81% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $185k to $177k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to April 2021, when income dropped by 18%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plumbers and Steamfitters Local Union No 489 Training Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Northside Alcoholics Benevolent Association Inc ($177k), Loveland Rotary Club Foundation ($177k) and Natl Foundation for Unemployment & Workers Compensation Inc ($177k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $397k against liabilities of $473, net assets of $396k. It reported 18 employees.