Steamfitters Training School Inc

Analysis

Steamfitters Training School Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1959, 67 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 May 2023, Steamfitters Training School Inc reported income of $5.7m and spending of $5.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to May 2023, income grew from $4.0m to $5.7m (+42%), an average of +9.2% a year. The sharpest change came in the year to May 2022, when income rose by 149%. 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, Steamfitters Training School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include Sustainable Northwest ($5.7m), Plumbers Local Union No 1 Trade & Education Fund ($5.7m) and Omaha Community Playhouse ($5.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $8,440 (0.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.1m against liabilities of $583k, net assets of $2.5m. It reported 160 employees.