Plumbers & Pipefitters Local 502 Joint Education & Training Fund

Analysis

Plumbers & Pipefitters Local 502 Joint Education & Training Fund is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 1969, 57 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 July 2023, Plumbers & Pipefitters Local 502 Joint Education & Training Fund reported income of $4.9m and spending of $4.5m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.8m to $4.9m (+78%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plumbers & Pipefitters Local 502 Joint Education & Training Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Opportunity Communities LLC ($4.9m), Maryland Manufacturing Service Inc ($4.9m) and Civic Center Community Benefit District Inc ($4.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.7% and program service revenue 90% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $6.2m against liabilities of $1,455, net assets of $6.2m. It reported 64 employees.