Metropolitan Detroit Plumbing Industry Training Trust Fund

Analysis

Metropolitan Detroit Plumbing Industry Training Trust Fund is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in April 1974, 52 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 December 2023, Metropolitan Detroit Plumbing Industry Training Trust Fund reported income of $1.7m and spending of $2.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metropolitan Detroit Plumbing Industry Training Trust Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Warren County Sheltered Workshop Inc ($1.7m), Mason County Action Group Inc ($1.7m) and Oil Region Alliance of Business Industry & Tourism ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11k (0.6% of expenses). Other salaries and wages came to $533k. At year end it held assets of $5.3m against liabilities of $40k, net assets of $5.3m. It reported 18 employees.