Omaha Sheet Metal Workers Training and Education Fund

Analysis

Omaha Sheet Metal Workers Training and Education Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 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 June 2023, Omaha Sheet Metal Workers Training and Education Fund reported income of $931k and spending of $828k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $931k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Omaha Sheet Metal Workers Training and Education Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NE. Charities of a similar size with the same main cause include Zion Development Corporation ($930k), Upward-Unitingprofessionalwomen Acceleratingrelationships& ($931k) and Global Womens Innovation Network ($930k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $116k. At year end it held assets of $1.4m against liabilities of $15k, net assets of $1.4m. It reported 3 employees.