Madison Area Sheet Metal Workers Education Trust

Analysis

Madison Area Sheet Metal Workers Education Trust is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in December 1982, 44 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 July 2023, Madison Area Sheet Metal Workers Education Trust reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.1m to $1.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to July 2023, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Area Sheet Metal Workers Education Trust sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Northend Christian Community Development Corporation ($1.3m), Florida East Coast Jatc ($1.3m) and Four Block Foundation Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $18k (1.5% of expenses). Other salaries and wages came to $305k. At year end it held assets of $3.4m against liabilities of $1.8m, net assets of $1.6m. It reported 13 employees.