Plumbing Industry Board Of Plumbers

Plumbing Industry Board Of Plumbers consistently generates significant surpluses, growing assets to over $324 million with no reported officer compensation.

EIN: 111538293 · Long Island City, NY · NTEE: Y43 · Updated: 2026-03-28

$145.0MRevenue

$350.6MAssets

88/100Mission Score (Excellent)

Y43

About Plumbing Industry Board Of Plumbers

Plumbing Industry Board Of Plumbers (EIN: 111538293) is a nonprofit organization based in Long Island City, NY, classified under NTEE code Y43. The organization reported total revenue of $145.0M and total assets of $350.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbing Industry Board Of Plumbers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Plumbing Industry Board Of Plumbers demonstrates robust financial health, consistently generating substantial revenue and accumulating significant assets. In 2023, the organization reported revenues of $100,683,903 against expenses of $87,032,839, resulting in a surplus that contributes to its growing asset base, which stood at $324,290,015. This trend of revenue exceeding expenses has been consistent over the past several years, indicating strong financial management and sustainability. The organization's liabilities are relatively low compared to its assets, suggesting a healthy balance sheet.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent surplus generation suggests that the organization is managing its overall expenses effectively relative to its income. The absence of reported officer compensation across all filings indicates a potential strength in resource allocation, as no funds are directly allocated to executive salaries from the reported officer compensation line item. This could imply that executive functions are either volunteer-based or compensated through other expense categories not explicitly detailed as 'Officer Comp'.

Transparency is generally good given the availability of 13 years of IRS 990 filings. The consistent reporting of zero officer compensation is a notable point for transparency, though it would be beneficial to understand how leadership is compensated if not through this line item. The organization's consistent growth in assets, from $92,172,695 in 2014 to $324,290,015 in 2023, reflects effective financial stewardship and a strong capacity to build reserves.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Plumbing Industry Board Of Plumbers with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Plumbing Industry Board Of Plumbers allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other expense categories not itemized as 'Officer Comp'. This indicates a highly efficient use of funds regarding direct executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Plumbing Industry Board Of Plumbers's IRS 990 filings:

Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency analysis difficult.
Unclear how executive leadership is compensated if 'Officer Comp' is consistently zero, potentially obscuring true administrative costs.

Strengths

The following positive indicators were identified for Plumbing Industry Board Of Plumbers:

Consistent generation of significant financial surpluses, indicating strong financial health (e.g., $13,651,064 surplus in 2023).
Substantial and consistent growth in assets over time, from $92 million in 2014 to over $324 million in 2023.
Very low liabilities relative to assets, demonstrating a healthy balance sheet.
Zero reported officer compensation across all filings, suggesting highly efficient use of funds regarding direct executive salaries.
Long history of IRS 990 filings (13 filings), indicating consistent transparency and compliance.

Frequently Asked Questions about Plumbing Industry Board Of Plumbers

Is the Plumbing Industry Board Of Plumbers financially stable?

Yes, the organization is highly financially stable. It has consistently generated significant surpluses, with revenues exceeding expenses in almost every reported year. Its assets have grown substantially from $92,172,695 in 2014 to $324,290,015 in 2023, while liabilities remain relatively low.

How does the organization manage executive compensation?

The organization reports 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership may be volunteer-based or compensated through other expense categories not explicitly detailed as 'Officer Comp'.

What is the trend in the organization's assets?

The organization's assets have shown a strong upward trend, increasing from $92,172,695 in 2014 to $324,290,015 in 2023, indicating robust financial growth and accumulation of reserves.

Is the organization efficient with its spending?

Based on the consistent generation of surpluses (e.g., $13,651,064 in 2023) and the absence of reported officer compensation, the organization appears to be efficient in managing its overall expenses relative to its income. A detailed breakdown of program vs. administrative costs would provide a more precise efficiency ratio.

Filing History

IRS 990 filing history for Plumbing Industry Board Of Plumbers showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Plumbing Industry Board Of Plumbers's revenue has grown by 110.6%, moving from $47.8M to $100.7M. Total assets increased by 219.3% over the same period, from $101.6M to $324.3M. Total functional expenses rose by 56.4%, from $55.7M to $87.0M. In its most recent filing year (2023), Plumbing Industry Board Of Plumbers reported a surplus of $13.7M, with revenue exceeding expenses. The organization holds $10.6M in liabilities against $324.3M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $313.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$100.7M	$87.0M	$324.3M	$10.6M	—	View 990
2022	$98.6M	$81.2M	$289.0M	$9.1M	—	View 990
2021	$122.8M	$79.8M	$309.0M	$7.3M	—	View 990
2020	$91.7M	$77.1M	$273.5M	$6.5M	—	—
2019	$97.6M	$81.1M	$245.3M	$9.8M	—	—
2018	$91.9M	$77.1M	$149.4M	$11.1M	—	View 990
2017	$86.5M	$62.0M	$136.2M	$7.7M	—	—
2016	$81.5M	$65.4M	$107.4M	$10.7M	—	View 990
2015	$64.7M	$61.2M	$92.3M	$10.9M	—	View 990
2014	$60.8M	$66.0M	$92.2M	$13.6M	—	View 990
2013	$54.6M	$63.9M	$93.7M	$10.5M	—	View 990
2012	$49.3M	$55.9M	$100.2M	$10.1M	—	View 990
2011	$47.8M	$55.7M	$101.6M	$9.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $100.7M, expenses of $87.0M, and assets of $324.3M (revenue +2.1% year-over-year).
2022: Revenue of $98.6M, expenses of $81.2M, and assets of $289.0M (revenue -19.7% year-over-year).
2021: Revenue of $122.8M, expenses of $79.8M, and assets of $309.0M (revenue +33.9% year-over-year).
2020: Revenue of $91.7M, expenses of $77.1M, and assets of $273.5M (revenue -6.0% year-over-year).
2019: Revenue of $97.6M, expenses of $81.1M, and assets of $245.3M (revenue +6.1% year-over-year).
2018: Revenue of $91.9M, expenses of $77.1M, and assets of $149.4M (revenue +6.3% year-over-year).
2017: Revenue of $86.5M, expenses of $62.0M, and assets of $136.2M (revenue +6.1% year-over-year).
2016: Revenue of $81.5M, expenses of $65.4M, and assets of $107.4M (revenue +26.0% year-over-year).
2015: Revenue of $64.7M, expenses of $61.2M, and assets of $92.3M (revenue +6.5% year-over-year).
2014: Revenue of $60.8M, expenses of $66.0M, and assets of $92.2M (revenue +11.4% year-over-year).
2013: Revenue of $54.6M, expenses of $63.9M, and assets of $93.7M (revenue +10.6% year-over-year).
2012: Revenue of $49.3M, expenses of $55.9M, and assets of $100.2M (revenue +3.2% year-over-year).
2011: Revenue of $47.8M, expenses of $55.7M, and assets of $101.6M.

Data Sources and Methodology

This transparency report for Plumbing Industry Board Of Plumbers is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.