Seattle Area Plumbing & Pipefitting Industry Training Trust is a 501(c)(3) organization based in Renton, Washington, registered in 1995, with $8,090,619 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$8.1M
▲ 2.7% vs prior year
Education median: $200K
Expenses (FY2024)
$7.9M
Net assets
$27.0M
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 Seattle Area Plumbing & Pipefitting Industry Training Trust— 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 Seattle Area Plumbing & Pipefitting Industry Training Trust: 41 mo reserves · +3% 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 Seattle Area Plumbing & Pipefitting Industry Training Trust— 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 Seattle Area Plumbing & Pipefitting Industry Training Trust: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $6.9M (FY2016) to $8.1M (FY2024) across 9 reported years.
Financial snapshot
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$28.0M
Total liabilities
$1.0M
Net assets
$27.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,090,619▲2.7% | $7,854,727▲7.1% | $26,964,754▲3.7% | $28,010,015▲3.6% | 990 |
| 2023 | $7,874,360▲94.3% | $7,334,068▲102% | $26,001,005▲7.3% | $27,045,686▲6.3% | 990 |
| 2022 | $4,053,246▼52.0% | $3,631,641▼49.9% | $24,227,793▲2.4% | $25,432,168▲3.3% | 990 |
| 2021 | $8,445,243▼13.7% | $7,247,284▲15.2% | $23,649,207▲1.8% | $24,629,517▲0.9% | 990 |
| 2020 | $9,780,691▲9.5% | $6,292,291▲2.3% | $23,236,184▲18.3% | $24,417,984▲6.4% | 990 |
| 2019 | $8,933,485▼3.9% | $6,151,292▲14.5% | $19,641,674▲17.8% | $22,959,546▼6.7% | 990 |
| 2018 | $9,293,506▲13.0% | $5,372,429▲14.4% | $16,676,335▲30.7% | $24,602,945▲67.6% | 990 |
| 2017 | $8,221,220▲18.7% | $4,696,600▼3.7% | $12,755,258▲38.0% | $14,677,266▲44.3% | 990 |
| 2016 | $6,926,600 | $4,877,383▲41.8% | $9,244,597▲68.5% | $10,174,596▲59.4% | 990 |
| 2012 | — | $3,440,758▼2.4% | $5,485,122▲1.3% | $6,384,125▲14.6% | 990 |
| 2011 | — | $3,524,379▼5.6% | $5,416,013▲6.0% | $5,572,339▲5.9% | 990 |
| 2010 | — | $3,731,750 | $5,111,085 | $5,262,521 | 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 Seattle Area Plumbing & Pipefitting Industry Training Trust (EIN 91-0840638) 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.