Fairbanks Pipeline Training Center Trust

Analysis

Fairbanks Pipeline Training Center Trust is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fairbanks Pipeline Training Center Trust reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fairbanks Pipeline Training Center Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within AK. Charities of a similar size with the same main cause include M C Resource Management ($2.4m), Mind Shift ($2.4m) and Reconnect Rondo ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $122k (5.5% of expenses). Other salaries and wages came to $110k. At year end it held assets of $23.9m against liabilities of $113k, net assets of $23.8m. It reported 3 employees.