Sprinkler Fitters Local 417 Training Fund

Analysis

Sprinkler Fitters Local 417 Training Fund is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Sprinkler Fitters Local 417 Training Fund reported income of $659k and spending of $675k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $659k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. 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, Sprinkler Fitters Local 417 Training Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Communities in Schools of the Twin Cities ($659k), Reading Nook Academy ($659k) and Montessori Casa International ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $4,652 (0.7% of expenses). Other salaries and wages came to $215k. At year end it held assets of $2.9m against liabilities of $133k, net assets of $2.8m. It reported 17 employees.