Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman

Analysis

Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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, Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman reported income of $1.3m and spending of $1.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within AK. Charities of a similar size with the same main cause include Iowa Motor Carriers Foundation ($1.3m), Amplify Inc ($1.3m) and Big Brothers-Big Sisters of Central Minnesota Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $619k (42% of expenses). Other salaries and wages came to $95k. At year end it held assets of $9.2m against liabilities of $61k, net assets of $9.1m. It reported 11 employees.