Sheet Metal Workers 292 Apprenticeship Fund

Analysis

Sheet Metal Workers 292 Apprenticeship Fund is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in August 1973, 53 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, Sheet Metal Workers 292 Apprenticeship Fund reported income of $734k and spending of $771k, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $836k to $734k (-12%), an average of -3.2% a year. The sharpest change came in the year to May 2021, when income rose by 50%. Over the whole period it spent 70% 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 292 Apprenticeship 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 75th percentile within MI. Charities of a similar size with the same main cause include Upstate Emergency Medical Services Council Inc ($733k), Museum for Art in Wood Inc ($734k) and Roscomare School Booster Club ($733k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $446k. At year end it held assets of $3.3m against liabilities of $37k, net assets of $3.2m. It reported 2 employees.