Steamfitters Local Union No 449 Joint Apprenticeship & Training

Analysis

Steamfitters Local Union No 449 Joint Apprenticeship & Training is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2022, 4 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, Steamfitters Local Union No 449 Joint Apprenticeship & Training reported income of $5.9m and spending of $7.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.8m to $5.9m (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Steamfitters Local Union No 449 Joint Apprenticeship & Training sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Johnson Oconnor Research Foundation Inc ($5.9m), Green Thumb Environmental Beautification Inc ($5.9m) and Partnership for Families Children and Adults Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 56% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $23.5m against liabilities of $26k, net assets of $23.5m. It reported 56 employees.