Sheet Metal Workers International Scholarship Foundation Inc

Analysis

Sheet Metal Workers International Scholarship Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sheet Metal Workers International Scholarship Foundation Inc reported income of $648k and spending of $272k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $841k to $648k (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sheet Metal Workers International Scholarship Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Huntington-Surrey School Inc ($648k), Tango Flight Inc ($648k) and Sigma Delta Tau Foundation Inc ($648k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $12.4m against liabilities of $522k, net assets of $11.9m.