Local 17 Sheet Metal Apprenticeship Fund of Rhode Island SMW

Analysis

Local 17 Sheet Metal Apprenticeship Fund of Rhode Island SMW is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Local 17 Sheet Metal Apprenticeship Fund of Rhode Island SMW reported income of $174k and spending of $163k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $231k to $174k (-24%), an average of -6.7% a year. The sharpest change came in the year to May 2021, when income dropped by 23%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 17 Sheet Metal Apprenticeship Fund of Rhode Island SMW sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Guinea Pig Sanctuary ($174k), Association of Fundraising Professionals ($174k) and Skiatook Emergency Assistance Center Inc ($174k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $36k (22% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.