Greater Cleveland Pipefitting Industry Training Fund

Analysis

Greater Cleveland Pipefitting Industry Training Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1971, 55 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 April 2023, Greater Cleveland Pipefitting Industry Training Fund reported income of $1.8m and spending of $1.2m, leaving 32% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $1.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to April 2023, when income rose by 19%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Cleveland Pipefitting Industry Training Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Livable Buckhead ($1.8m), Clutch City Foundation ($1.8m) and Nevins Inc ($1.8m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $200k (16% of expenses). Other salaries and wages came to $628k. At year end it held assets of $2.4m against liabilities of $56k, net assets of $2.3m. It reported 4 employees.