Sheetmetal Workers Local 218s Apprentice Training & Developement

Analysis

Sheetmetal Workers Local 218s Apprentice Training & Developement is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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 May 2023, Sheetmetal Workers Local 218s Apprentice Training & Developement reported income of $201k and spending of $185k, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $158k to $201k (+27%), an average of +6.2% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheetmetal Workers Local 218s Apprentice Training & Developement sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Road Runners Club of America ($201k), Nlea Inc ($201k) and Eastport Non-Profit Housing Corp ($201k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $3,520 (1.9% of expenses). Other salaries and wages came to $75k. At year end it held assets of $612k against liabilities of $7,731, net assets of $605k. It reported 20 employees.