Utah Sheet Metal Education and Training Trust

Analysis

Utah Sheet Metal Education and Training Trust is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2008, 18 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 April 2024, Utah Sheet Metal Education and Training Trust reported income of $941k and spending of $972k, spending 103% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $711k to $941k (+32%), an average of +7.3% a year. The sharpest change came in the year to April 2024, when income rose by 27%. 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, Utah Sheet Metal Education and Training Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include PHS Commissioned Officers FDN for the Advancement of Public Health ($940k), Andrew Jackson Academy ($941k) and Computing for All ($940k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $436k. At year end it held assets of $2.3m against liabilities of -$7,425, net assets of $2.3m. It reported 14 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.