Plumbers and Pipefitters Apprenticeship Fund

Analysis

Plumbers and Pipefitters Apprenticeship Fund is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in April 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Plumbers and Pipefitters Apprenticeship Fund reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $4.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plumbers and Pipefitters Apprenticeship Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Equality California Institute ($4.6m), Deep Springs Corporation ($4.6m) and Society for the Prevention of Cruelty to Animals of Northern NV ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $18.8m against liabilities of $6.6m, net assets of $12.2m. It reported 39 employees.