New Mexico Pipe Trades Joint Apprenticeship Fund

Analysis

New Mexico Pipe Trades Joint Apprenticeship Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2020, 6 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 March 2024, New Mexico Pipe Trades Joint Apprenticeship Fund reported income of $3.8m and spending of $2.7m, leaving 29% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.2m to $3.8m (+73%), an average of +15% a year. The sharpest change came in the year to March 2024, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico Pipe Trades Joint Apprenticeship Fund 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 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Parent Possible ($3.8m), Learning Source ($3.8m) and University of South Dakota Research Park Inc ($3.8m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 94% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $7.5m against liabilities of $1.1m, net assets of $6.5m. It reported 61 employees.