Utah Pipe Trades Education Trust Fund

Analysis

Utah Pipe Trades Education Trust Fund is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Utah Pipe Trades Education Trust Fund reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $2.0m (+69%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utah Pipe Trades Education Trust Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Friends Center Corporation ($2.0m), Youth for Christ USA Inc ($2.0m) and Keene Valley Neighborhood Services Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $276k (15% of expenses). Other salaries and wages came to $350k. At year end it held assets of $8.1m against liabilities of $838k, net assets of $7.3m. It reported 59 employees.