Plumbers & Pipefitters Local 51 Scholarship Educational Fund is a 501(c)(3) organization based in Riverside, Rhode Island, registered in 2001, with $302,266 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$302K
▲ 11.2% vs prior year
Education median: $200K
Expenses (FY2024)
$239K
Net assets
$625K
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 51 Scholarship Educational 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 51 Scholarship Educational Fund: 31 mo reserves · +21% 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 51 Scholarship Educational 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 51 Scholarship Educational Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $197K (FY2013) to $302K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$625K
Total liabilities
$0
Net assets
$625K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $302,266▲11.2% | $239,369▼16.6% | $624,639▲11.2% | $624,639▲11.2% | 990 |
| 2023 | $271,910▲6.2% | $286,856▲9.6% | $561,742▼2.6% | $561,742▼2.6% | 990 |
| 2022 | $256,085▼3.5% | $261,785▲12.3% | $576,688▼1.0% | $576,688▼1.0% | 990 |
| 2021 | $265,287▼7.6% | $233,024▲5.5% | $582,388▲5.9% | $582,388▲5.9% | 990 |
| 2020 | $287,160▲17.6% | $220,904▲9.0% | $550,125▲13.7% | $550,125▲13.7% | 990 |
| 2019 | $244,147▼9.6% | $202,728▲4.9% | $483,869▲9.4% | $483,869▲9.4% | 990 |
| 2018 | $270,083▲14.7% | $193,252▼8.6% | $442,450▲21.0% | $442,450▲21.0% | 990 |
| 2017 | $235,547▲12.3% | $211,343▼17.6% | $365,619▲7.1% | $365,619▲7.1% | 990 |
| 2016 | $209,763▲4.9% | $256,601▲29.8% | $341,415▼12.1% | $341,415▼12.1% | 990 |
| 2015 | $199,888▲3.5% | $197,628▲17.9% | $388,253▲0.6% | $388,253▲0.6% | 990EZ |
| 2014 | $193,055▼1.8% | $167,645▲2.6% | $385,992▲7.0% | $385,992▲7.0% | 990EZ |
| 2013 | $196,527 | $163,363▼8.6% | $360,582▲10.1% | $360,582▲10.1% | 990EZ |
| 2012 | — | $178,683 | $327,418 | $327,418 | 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 51 Scholarship Educational Fund (EIN 05-0499551) 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.