Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee

Analysis

Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 2002, 24 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 September 2023, Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee reported income of $701k and spending of $698k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $400k to $701k (+76%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within IA. Charities of a similar size with the same main cause include Bay Ridge 5th Avenue District Management Association Inc ($701k), Downtown Shreveport Unlimited ($702k) and Nahma Educational Foundation ($701k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $104k (15% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.3m against liabilities of $9,429, net assets of $1.3m. It reported 6 employees.