Pipefitters Local Union No 537 Education Trust

Analysis

Pipefitters Local Union No 537 Education Trust is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, Pipefitters Local Union No 537 Education Trust reported income of $10.5m and spending of $5.1m, leaving 51% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $9.0m to $10.5m (+17%), an average of +5.4% a year. The sharpest change came in the year to April 2022, when income rose by 17%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pipefitters Local Union No 537 Education Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include St Timothys School Inc ($10.5m), Proliteracy Worldwide ($10.5m) and First Steps Kent ($10.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.0% and program service revenue 91% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $54.2m against liabilities of $1.2m, net assets of $53.0m. It reported 45 employees.