Piping Industry Training Center Trust Fund

Analysis

Piping Industry Training Center Trust Fund is a registered charity in United States, based in Northwood, OH. It received its IRS tax-exemption ruling in June 1982, 44 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 June 2024, Piping Industry Training Center Trust Fund reported income of $3.3m and spending of $1.7m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $3.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 118%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Piping Industry Training Center Trust Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Abilities Center of Southern New Jersey ($3.3m), Denver Childrens Advocacy Center ($3.3m) and Northwest Wisconsin Concentrated Employment Program Inc ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 82% of the total. Other salaries and wages came to $585k. At year end it held assets of $7.3m against liabilities of $1,032, net assets of $7.3m. It reported 144 employees.