Sheet Metal Workers 80 Apprenticeship Fund

Analysis

Sheet Metal Workers 80 Apprenticeship Fund is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in February 1967, 59 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 December 2023, Sheet Metal Workers 80 Apprenticeship Fund reported income of $1.6m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheet Metal Workers 80 Apprenticeship Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Junior United Soccer Association Inc ($1.6m), Community Health Association Inland Southern Region ($1.6m) and The Summit Foundation a NJ Nonprofit Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $116k (10% of expenses). Other salaries and wages came to $315k. At year end it held assets of $4.4m against liabilities of $17k, net assets of $4.4m. It reported 5 employees.