Pipe Fitters Association Local 597 Charities Inc

Analysis

Pipe Fitters Association Local 597 Charities Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pipe Fitters Association Local 597 Charities Inc reported income of $127k and spending of $149k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $147k to $127k (-13%), an average of -6.9% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pipe Fitters Association Local 597 Charities Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include King Ridge Foundation Inc ($127k), United Black Fund Inc ($127k) and Lutheran Legacy Foundation Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 164% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.