Sheet Metal Workers

Analysis

Sheet Metal Workers is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Sheet Metal Workers reported income of $1.5m and spending of $1.0m, leaving 31% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $868k to $1.5m (+72%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 53%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheet Metal Workers sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Wyandot County Council on Aging Inc ($1.5m), Rogers Recreation Association Inc ($1.5m) and The Norman and Lida Myers Fund ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $274k (26% of expenses). Other salaries and wages came to $203k. At year end it held assets of $3.7m against liabilities of $12k, net assets of $3.7m. It reported 25 employees.