Fort Worth Pipe Trades Training Center TR

Analysis

Fort Worth Pipe Trades Training Center TR is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Fort Worth Pipe Trades Training Center TR reported income of $1.0m and spending of $892k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $898k to $1.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Worth Pipe Trades Training Center TR sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Northern Virgina Waldorf School Dba Potomac Crescent Waldorf SCH ($1.0m), LC Strong Foundation Inc ($1.0m) and American Friends of Christ Church Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Other salaries and wages came to $337k. At year end it held assets of $3.4m against liabilities of $1.0m, net assets of $2.4m. It reported 25 employees.