Seattle Area Plumbing & Pipefitting Industry Training Trust

Analysis

Seattle Area Plumbing & Pipefitting Industry Training Trust is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in May 1995, 31 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 December 2023, Seattle Area Plumbing & Pipefitting Industry Training Trust reported income of $7.9m and spending of $7.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $9.3m to $7.9m (-15%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Area Plumbing & Pipefitting Industry Training Trust sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Bacone Baptist Church ($7.9m), Community Charter Academy Inc ($7.9m) and Foundation of California State University Monterey Bay ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $495k (6.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $27.0m against liabilities of $1.0m, net assets of $26.0m. It reported 116 employees.