Plumbers & Pipefitters Local 23 Training Fund

Analysis

Plumbers & Pipefitters Local 23 Training Fund is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 2025. 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 December 2023, Plumbers & Pipefitters Local 23 Training Fund reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plumbers & Pipefitters Local 23 Training Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Citizens for Educational Excellence Inc ($2.0m), Passport School Inc ($2.0m) and Friends of St Francis Childcare Center Incorporated ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $218k (13% of expenses). Other salaries and wages came to $580k. At year end it held assets of $3.1m against liabilities of $104k, net assets of $3.0m. It reported 30 employees.