Sheet Metal Workers International Scholarship Fund

Analysis

Sheet Metal Workers International Scholarship Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1992, 34 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 Fund reported income of $728k and spending of $458k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $760k to $728k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 82% 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 Fund 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 49th percentile within DC. Charities of a similar size with the same main cause include Army Scholarship Foundation Inc ($728k), Coastal Middle and High School Inc ($728k) and Nurses MC ($727k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 74% of the total. Other salaries and wages came to $20k. At year end it held assets of $5.0m against liabilities of $1.7m, net assets of $3.3m.