Plumbers Steamfitters Local 42 Joint Apprentice Training Plan

Analysis

Plumbers Steamfitters Local 42 Joint Apprentice Training Plan is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Plumbers Steamfitters Local 42 Joint Apprentice Training Plan reported income of $662k and spending of $645k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $508k to $662k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plumbers Steamfitters Local 42 Joint Apprentice Training Plan sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Explore Knowledge Foundation ($662k), Millennium Education Properties Inc ($662k) and Christa McAuliffe Parent-Faculty Group ($662k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $112k. At year end it held assets of $732k against liabilities of $79k, net assets of $652k. It reported 22 employees.