Racine-Kenosha Plumbers & Steam- Fitters Education Fund

Analysis

Racine-Kenosha Plumbers & Steam- Fitters Education Fund is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Racine-Kenosha Plumbers & Steam- Fitters Education Fund reported income of $1.2m and spending of $768k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $1.2m (+72%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Racine-Kenosha Plumbers & Steam- Fitters Education Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Uwm Research Foundation Inc ($1.2m), Central Massachusetts Center for Business and Enterprise Inc ($1.2m) and Kaccoc Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $139k (18% of expenses). Other salaries and wages came to $29k. At year end it held assets of $2.4m against liabilities of $21k, net assets of $2.4m. It reported 2 employees.