Sheet Metal Workers Local No 4 Apprentice Training

Analysis

Sheet Metal Workers Local No 4 Apprentice Training is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 March 2024, Sheet Metal Workers Local No 4 Apprentice Training reported income of $577k and spending of $224k, leaving 61% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income grew from $184k to $577k (+214%), an average of +46% a year. The sharpest change came in the year to March 2024, when income rose by 204%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheet Metal Workers Local No 4 Apprentice Training sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Columbus Music Commission ($577k), Myvillage Project ($578k) and Community Compassion Outreach ($577k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $104k. At year end it held assets of $859k against liabilities of $2,589, net assets of $857k. It reported 11 employees.