Cement Masons and Plasterers Training Trust of Washington

Analysis

Cement Masons and Plasterers Training Trust of Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1997, 29 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 August 2023, Cement Masons and Plasterers Training Trust of Washington reported income of $2.8m and spending of $2.4m, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.8m (+50%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cement Masons and Plasterers Training Trust of Washington sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Production Services Unlimited Inc ($2.8m), Manufacturers Edge ($2.8m) and Los Angeles Neighborhood Initiative ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Other salaries and wages came to $760k. At year end it held assets of $5.3m against liabilities of $468k, net assets of $4.8m. It reported 9 employees.