Sheet Metal Workers Local Union 83 Joint Apprenticeship Trust Fund

Analysis

Sheet Metal Workers Local Union 83 Joint Apprenticeship Trust Fund is a registered charity in United States, based in Clifton Park, NY. It received its IRS tax-exemption ruling in March 2023, 3 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 Local Union 83 Joint Apprenticeship Trust Fund reported income of $399k and spending of $403k, spending 101% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $448k to $399k (-11%), an average of -2.9% a year. The sharpest change came in the year to April 2021, when income rose by 29%. Over the whole period it spent 95% 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 Union 83 Joint Apprenticeship Trust Fund sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Aspire Education Project ($399k), Sewing Lab ($399k) and Trinity Christian Academy of Lawton Inc ($399k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $73k. At year end it held assets of $753k against liabilities of $19k, net assets of $734k. It reported 13 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.