Northern Mechanical and Iron Range Plumbing & Pipefitting Jac 11 & 58

Analysis

Northern Mechanical and Iron Range Plumbing & Pipefitting Jac 11 & 58 is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in November 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Northern Mechanical and Iron Range Plumbing & Pipefitting Jac 11 & 58 reported income of $1.3m and spending of $946k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $741k to $1.3m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Mechanical and Iron Range Plumbing & Pipefitting Jac 11 & 58 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 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Wilmington Economic Development Corporation ($1.3m), West Harlem Development Corporation ($1.3m) and Passyunk Avenue Revitalization Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $116k (12% of expenses). Other salaries and wages came to $322k. At year end it held assets of $2.6m against liabilities of $109k, net assets of $2.4m. It reported 35 employees.