Denver Pipefitters Joint

Analysis

Denver Pipefitters Joint is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1980, 46 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 May 2023, Denver Pipefitters Joint reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from March 2020 to May 2023, income grew from $2.1m to $2.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to May 2021, when income rose by 703%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denver Pipefitters Joint sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Berkshire Training & Employment Inc ($2.5m), Heart of Ga Community Action Council Inc ($2.5m) and Urban Core Collective ($2.5m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 79% of the total. Compensation of current officers, directors and key employees was $304k (14% of expenses). Other salaries and wages came to $324k. At year end it held assets of $2.7m against liabilities of $15k, net assets of $2.6m.