Benevolent Fund of Local 9 Plumbers & Pipefitters Inc

Analysis

Benevolent Fund of Local 9 Plumbers & Pipefitters Inc is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Benevolent Fund of Local 9 Plumbers & Pipefitters Inc reported income of $275k and spending of $56k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $216k to $275k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2024, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benevolent Fund of Local 9 Plumbers & Pipefitters Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Mountain View Christian Counseling ($275k), Bachman Center Council Inc ($275k) and Hunger Impact Partners ($275k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.