United Association Of Journeymen & Apprentices Of The Plumbing & Pipe

Is United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

United Association Of Journeymen & Apprentices Of The Plumbing & Pipe directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About United Association Of Journeymen & Apprentices Of The Plumbing & Pipe

United Association Of Journeymen & Apprentices Of The Plumbing & Pipe (EIN: 221423178) is a nonprofit organization based in Millburn, NJ. The organization reported total revenue of $3.5M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Association Of Journeymen & Apprentices Of The Plumbing & Pipe's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

United Association Of Journeymen & Apprentices Of The Plumbing & Pipe is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, United Association Of Journeymen & Apprentices Of The Plumbing & Pipe reported a surplus of $279K with revenue exceeding expenses, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), United Association Of Journeymen & Apprentices Of The Plumbing & Pipe's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates United Association Of Journeymen & Apprentices Of The Plumbing & Pipe with a Mission Score of 85 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: 6%
• programs: 89%
• fundraising: 5%

According to IRS 990 filings, United Association Of Journeymen & Apprentices Of The Plumbing & Pipe allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $279K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.6%.

Executive Compensation Analysis

Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not applicable for this organization.

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.

Strengths

The following positive indicators were identified for United Association Of Journeymen & Apprentices Of The Plumbing & Pipe:

• Consistently high percentage of expenses dedicated to programs (89% in 2023).
• Healthy asset growth over the past several years, from $5.7M in 2016 to $8.3M in 2023.
• Stable revenue stream, consistently around $3.0M - $3.7M annually.
• Low administrative and fundraising costs, demonstrating efficient operations.

Frequently Asked Questions about United Association Of Journeymen & Apprentices Of The Plumbing & Pipe

Filing History

IRS 990 filing history for United Association Of Journeymen & Apprentices Of The Plumbing & Pipe showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), United Association Of Journeymen & Apprentices Of The Plumbing & Pipe's revenue has grown by 88.3%, moving from $1.9M to $3.6M. Total assets increased by 177.6% over the same period, from $3.0M to $8.3M. Total functional expenses rose by 70%, from $1.9M to $3.3M. In its most recent filing year (2023), United Association Of Journeymen & Apprentices Of The Plumbing & Pipe reported a surplus of $279K, with revenue exceeding expenses. The organization holds $46K in liabilities against $8.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $8.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.6M, expenses of $3.3M, and assets of $8.3M (revenue +11.1% year-over-year).
• 2022: Revenue of $3.2M, expenses of $3.1M, and assets of $8.0M (revenue -4.6% year-over-year).
• 2021: Revenue of $3.4M, expenses of $3.1M, and assets of $7.9M (revenue +4.0% year-over-year).
• 2020: Revenue of $3.2M, expenses of $2.8M, and assets of $7.6M (revenue -12.8% year-over-year).
• 2019: Revenue of $3.7M, expenses of $3.0M, and assets of $7.3M (revenue +2.9% year-over-year).
• 2018: Revenue of $3.6M, expenses of $3.2M, and assets of $6.6M (revenue +1.9% year-over-year).
• 2017: Revenue of $3.5M, expenses of $3.2M, and assets of $6.1M (revenue +16.9% year-over-year).
• 2016: Revenue of $3.0M, expenses of $2.6M, and assets of $5.8M (revenue -5.0% year-over-year).
• 2015: Revenue of $3.2M, expenses of $2.1M, and assets of $5.3M (revenue +11.7% year-over-year).
• 2014: Revenue of $2.8M, expenses of $2.0M, and assets of $4.2M (revenue +33.1% year-over-year).
• 2013: Revenue of $2.1M, expenses of $1.8M, and assets of $3.4M (revenue +16.5% year-over-year).
• 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $3.1M (revenue -3.0% year-over-year).
• 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $3.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for United Association Of Journeymen & Apprentices Of The Plumbing & Pipe:

Data Sources and Methodology

This transparency report for United Association Of Journeymen & Apprentices Of The Plumbing & Pipe 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.