Sheet Metal Workers Local 27 Educational Trust Fund

Analysis

Sheet Metal Workers Local 27 Educational Trust Fund is a registered charity in United States, based in Farmingdale, NJ. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Local 27 Educational Trust Fund reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sheet Metal Workers Local 27 Educational Trust Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Episcopal Collegiate School Foundation ($1.5m), Open Education Global Incorporated ($1.5m) and Leading for Children ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 72% of the total. Compensation of current officers, directors and key employees was $356k (26% of expenses). Other salaries and wages came to $176k. At year end it held assets of $2.1m against liabilities of $409k, net assets of $1.7m. It reported 13 employees.