Heating Piping & Refrigeration Training Fund

Analysis

Heating Piping & Refrigeration Training Fund is a registered charity in United States, based in Landover, MD. It received its IRS tax-exemption ruling in August 1963, 63 years ago. 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 August 2023, Heating Piping & Refrigeration Training Fund reported income of $11.7m and spending of $8.4m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $10.0m to $11.7m (+17%), an average of +3.9% a year. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heating Piping & Refrigeration Training Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Surplus Lines Stamping Office of Texas ($11.7m), Logos Charter School ($11.7m) and Arizonas Catholic Tuition Support Organization ($11.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $1.1m (14% of expenses). Other salaries and wages came to $915k. At year end it held assets of $41.1m against liabilities of $981k, net assets of $40.1m. It reported 98 employees.