Pipefitters Educational & Building Fund 49-0027-00-0

Analysis

Pipefitters Educational & Building Fund 49-0027-00-0 is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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, Pipefitters Educational & Building Fund 49-0027-00-0 reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pipefitters Educational & Building Fund 49-0027-00-0 sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Family Service Agency of Dekalb County Inc ($2.8m), On Our Own ($2.8m) and St Vincent Early Learning Center Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $177k (7.4% of expenses). Other salaries and wages came to $691k. At year end it held assets of $4.6m against liabilities of $260k, net assets of $4.3m. It reported 6 employees.