Sheet Metal Workers Union 58 Educational & Apprentice Training

Analysis

Sheet Metal Workers Union 58 Educational & Apprentice Training is a registered charity in United States, based in East Syracuse, NY. It received its IRS tax-exemption ruling in February 1970, 56 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 December 2023, Sheet Metal Workers Union 58 Educational & Apprentice Training reported income of $300k and spending of $242k, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $300k (+38%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheet Metal Workers Union 58 Educational & Apprentice Training sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include St Martin Deporres Center ($300k), Manchester Housing & Redevelopment Foundation Inc ($300k) and Kern Community Tennis Association ($300k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $473k against liabilities of $1,470, net assets of $471k. It reported 8 employees.