Sheet Metal Contracting Industry Education Fund of Northeastern Pen

Analysis

Sheet Metal Contracting Industry Education Fund of Northeastern Pen is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in February 1975, 51 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 October 2023, Sheet Metal Contracting Industry Education Fund of Northeastern Pen reported income of $298k and spending of $242k, spending 81% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $209k to $298k (+43%), an average of +9.3% a year. The sharpest change came in the year to October 2021, when income rose by 19%. Over the whole period it spent 76% 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 Contracting Industry Education Fund of Northeastern Pen sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Booneville Main Street Association ($298k), Trust Montana Inc ($298k) and Rotary Service Inc ($298k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $115k. At year end it held assets of $627k against liabilities of $3,852, net assets of $623k. It reported 13 employees.