Michigan Sheet Metal Training and Apprenticeship Inc

Analysis

Michigan Sheet Metal Training and Apprenticeship Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Michigan Sheet Metal Training and Apprenticeship Inc reported income of $755k and spending of $774k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $755k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Sheet Metal Training and Apprenticeship Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Islamic University of North America Inc ($755k), Trinity Christian Academy of Missouri Inc ($755k) and Clear Lake Classical Incorporated ($755k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $350k. At year end it held assets of $158k against liabilities of $36k, net assets of $122k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.