Sheet Mental Workers Local 545 Training Fund

Analysis

Sheet Mental Workers Local 545 Training Fund is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in May 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sheet Mental Workers Local 545 Training Fund reported income of $57k and spending of $50k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $41k to $57k (+39%), an average of +39% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheet Mental Workers Local 545 Training Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include A W a R E Foundation Inc ($57k), Amplify Community Resources ($57k) and The Jane Stern Dorado Community Library Endowment ($57k).

At year end it held assets of $61k against liabilities of $0, net assets of $61k.