Plumbers & Pipefitters Local 23 Training Fund is a 501(c)(3) organization based in Rockford, Illinois, registered in 2025, with $2,376,339 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$2.4M
▲ 20.5% vs prior year
Education median: $200K
Expenses (FY2024)
$2.0M
Net assets
$3.4M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Plumbers & Pipefitters Local 23 Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Plumbers & Pipefitters Local 23 Training Fund: 21 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Plumbers & Pipefitters Local 23 Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Plumbers & Pipefitters Local 23 Training Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $799K (FY2013) to $2.4M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
17.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.7M
Total liabilities
$264K
Net assets
$3.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,376,339▲20.5% | $1,971,192▲16.2% | $3,448,354▲14.0% | $3,712,549▲18.7% | 990 |
| 2023 | $1,972,043▲18.9% | $1,697,050▲12.3% | $3,023,998▲14.2% | $3,128,483▲5.8% | 990 |
| 2022 | $1,657,934▼5.9% | $1,511,498▲5.7% | $2,648,292▼1.2% | $2,955,634▲4.9% | 990 |
| 2021 | $1,761,939▲26.2% | $1,429,873▲6.5% | $2,681,807▲14.9% | $2,818,509▲17.5% | 990 |
| 2020 | $1,396,472▼11.7% | $1,342,345▼2.7% | $2,334,053▲6.0% | $2,399,306▲4.6% | 990 |
| 2019 | $1,581,218▲12.5% | $1,380,168▲8.6% | $2,202,031▲14.4% | $2,294,461▲17.2% | 990 |
| 2018 | $1,405,029▲4.0% | $1,271,336▲22.6% | $1,924,730▲6.0% | $1,957,937▲5.4% | 990 |
| 2017 | $1,351,042▲42.7% | $1,037,314▲34.3% | $1,815,522▲22.4% | $1,857,330▲23.6% | 990 |
| 2016 | $946,878▲6.2% | $772,163▼3.3% | $1,483,372▲14.4% | $1,502,640▲13.2% | 990 |
| 2015 | $891,986▲0.5% | $798,898▲0.8% | $1,296,437▲7.0% | $1,327,124▲8.4% | 990 |
| 2014 | $887,116▲11.1% | $792,939▼1.6% | $1,211,364▲9.2% | $1,223,965▲7.1% | 990 |
| 2013 | $798,558 | $805,968▲18.1% | $1,108,991▼0.7% | $1,142,569▲0.8% | 990 |
| 2012 | — | $682,522▼2.8% | $1,116,379▲15.3% | $1,133,532▲15.6% | 990 |
| 2011 | — | $702,504▲4.7% | $967,978▲40.7% | $980,723▲40.1% | 990 |
| 2010 | — | $670,692 | $687,881 | $700,070 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Plumbers & Pipefitters Local 23 Training Fund (EIN 36-6109329) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.