Plumbers Local 75 Education Fund

Analysis

Plumbers Local 75 Education Fund is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 1980, 46 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, Plumbers Local 75 Education Fund reported income of $4.1m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.1m (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plumbers Local 75 Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include The Michigan Womens Foundation ($4.1m), South Carolina Association for Community Economic Development ($4.1m) and Bounce Innovation Hub ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $311k (8.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.9m against liabilities of $1.4m, net assets of $5.5m. It reported 49 employees.