Iuoe and Pipe Line Contractors Assoc Natl Pipe Line Training Fund

Analysis

Iuoe and Pipe Line Contractors Assoc Natl Pipe Line Training Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Iuoe and Pipe Line Contractors Assoc Natl Pipe Line Training Fund reported income of $5.7m and spending of $6.9m, spending 121% of what it took in. Across the 4 years on record, from March 2019 to March 2023, income fell from $15.7m to $5.7m (-64%), an average of -29% a year. The sharpest change came in the year to March 2021, when income dropped by 57%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iuoe and Pipe Line Contractors Assoc Natl Pipe Line Training Fund sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Summit Speech School ($5.7m), North Carolina State University Alumni Association ($5.7m) and American Society of Plant Biologists ($5.7m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 53% of the total. At year end it held assets of $89.8m against liabilities of $1.3m, net assets of $88.5m.