Sheet Metal Workers Joint Apprenticeship Fund of Phila and V

Analysis

Sheet Metal Workers Joint Apprenticeship Fund of Phila and V is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2020, 6 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 April 2024, Sheet Metal Workers Joint Apprenticeship Fund of Phila and V reported income of $2.2m and spending of $2.4m, spending 110% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $2.8m to $2.2m (-21%), an average of -4.5% a year. Over the whole period it spent 94% 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 Joint Apprenticeship Fund of Phila and V sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Prestige Solutions ($2.2m), Experiential Environmental Education Inc ($2.2m) and Iowa Law School Foundation ($2.2m).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $992k. At year end it held assets of $4.0m against liabilities of $431k, net assets of $3.6m. It reported 32 employees.

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.