Minneapolis Pipefitters Joint Journeymen and Apprentice Training

Analysis

Minneapolis Pipefitters Joint Journeymen and Apprentice Training is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending May 2023, Minneapolis Pipefitters Joint Journeymen and Apprentice Training reported income of $3.4m and spending of $3.4m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.6m to $3.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to May 2020, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minneapolis Pipefitters Joint Journeymen and Apprentice Training sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Sharon Academy ($3.4m), Opportunity Inc of Palm Beach County ($3.4m) and Summit Academy Secondary School - Youngstown ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $143k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $15.3m against liabilities of $3.9m, net assets of $11.3m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.