Sheet Metal Workers Craft Training Fund Local Union 38

Analysis

Sheet Metal Workers Craft Training Fund Local Union 38 is a registered charity in United States, based in Brewster, NY. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Sheet Metal Workers Craft Training Fund Local Union 38 reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-8.8%), an average of -2.3% a year. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheet Metal Workers Craft Training Fund Local Union 38 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Evergreen Inc-Your North Brooklyn Business Exchange ($1.4m), West Seattle Junction Association ($1.4m) and HCS Family Services ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $160k (15% of expenses). Other salaries and wages came to $159k. At year end it held assets of $2.6m against liabilities of $332k, net assets of $2.3m. It reported 18 employees.