Is Plumbers Local Union No 1 Trade & Education Fund Legit?

Plumbers Local Union No 1 Trade & Education Fund demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a healthy growth in assets. For instance, in 2023, revenue was $5,744,634 against expenses of $4,930,681, resulting in a surplus. The organization's assets have shown significant growth, increasing from $9,535,611 in 2019 to $18,039,299 in 2023, indicating sound financial management and accumulation of resources. Liabilities have fluctuated but remain manageable relative to assets, suggesting good financial stability. The organization's primary function, as indicated by its NTEE code (J40Z - Labor Unions and Auxiliaries), is likely focused on trade education and support for plumbers. Without detailed expense breakdowns, it's challenging to precisely assess spending efficiency across programs, administration, and fundraising. However, the consistent operational surpluses suggest that the organization is effectively managing its resources to support its mission. The absence of reported officer compensation further enhances its transparency and indicates that leadership is not drawing salaries from the organization's funds, which is a positive sign for donor confidence. Overall, the financial data points to a well-managed and financially stable organization. The growth in assets and consistent revenue generation, coupled with no reported officer compensation, suggests a strong commitment to its stated purpose. Further transparency regarding detailed program spending would provide an even clearer picture of its impact and efficiency.