Plumbers & Steamfitters Local 434 Training Fund

Analysis

Plumbers & Steamfitters Local 434 Training Fund is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Plumbers & Steamfitters Local 434 Training Fund reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.4m to $2.3m (+63%), an average of +10% a year. The sharpest change came in the year to May 2020, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plumbers & Steamfitters Local 434 Training 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 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Greater Things Christian School Inc ($2.3m), Ambassador Christian Academy a NJ Nonprofit Corporation ($2.3m) and Ulm Athletic Foundation ($2.3m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 91% of the total. Other salaries and wages came to $545k. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m. It reported 57 employees.