Pipe Fitters Educational Training Program Fund No 533

Analysis

Pipe Fitters Educational Training Program Fund No 533 is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1983, 43 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 April 2023, Pipe Fitters Educational Training Program Fund No 533 reported income of $2.1m and spending of $2.6m, spending 124% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $2.1m (+38%), an average of +8.5% a year. The sharpest change came in the year to April 2023, when income rose by 21%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pipe Fitters Educational Training Program Fund No 533 sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Mountain Country Home Solutions ($2.1m), People for People Community Development Corporation ($2.1m) and Envision Community Services ($2.1m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $558k (21% of expenses). Other salaries and wages came to $667k. At year end it held assets of $5.5m against liabilities of $68k, net assets of $5.4m. It reported 53 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.