Service Fitters Industry Ed Fund

Analysis

Service Fitters Industry Ed Fund is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in March 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Service Fitters Industry Ed Fund reported income of $2.2m and spending of $2.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-3.9%), an average of -1.0% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Service Fitters Industry Ed Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Camp Tekoa Inc of the WNC Conference of the U M Church ($2.2m), The Empty Stocking Fund Inc ($2.2m) and Disability Rights Nebraska ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $189k (7.7% of expenses). Other salaries and wages came to $589k. At year end it held assets of $7.3m against liabilities of $1.8m, net assets of $5.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.