Colorado Sheet Metal Workers Training Fund

Analysis

Colorado Sheet Metal Workers Training Fund is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2024, Colorado Sheet Metal Workers Training Fund reported income of $3.3m and spending of $2.7m, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $3.3m (+62%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Sheet Metal Workers Training Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Centinela Youth Services Inc ($3.3m), Alamance Community College Foundation Inc ($3.3m) and Greenwood School Inc ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $294k (11% of expenses). Other salaries and wages came to $782k. At year end it held assets of $4.8m against liabilities of $691k, net assets of $4.1m. It reported 44 employees.