Sheet Metal Workers Local 63-Educational Fund

Analysis

Sheet Metal Workers Local 63-Educational Fund is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sheet Metal Workers Local 63-Educational Fund reported income of $788k and spending of $722k, spending 92% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $601k to $788k (+31%), an average of +9.4% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 82% 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 Workers Local 63-Educational Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Sunnyside District Management Association ($788k), Orange County Shared Spaces Foundation ($788k) and Protechos Inc ($788k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1,060 (0.1% of expenses). At year end it held assets of $1.7m against liabilities of $44k, net assets of $1.6m. It reported 21 employees.