Steamfitters U a Local 353 Educational Trust Fund

Analysis

Steamfitters U a Local 353 Educational Trust Fund is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in February 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending April 2023, Steamfitters U a Local 353 Educational Trust Fund reported income of $972k and spending of $875k, spending 90% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $591k to $972k (+64%), an average of +13% a year. The sharpest change came in the year to April 2023, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steamfitters U a Local 353 Educational Trust Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Kasson-Mantorville Nursery Group Inc ($972k), Boy Scouts of America ($972k) and Columbus Area Chamber Foundation Inc ($971k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 11% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1,367 (0.2% of expenses). Other salaries and wages came to $207k. At year end it held assets of $2.4m against liabilities of $59k, net assets of $2.3m. It reported 23 employees.