Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund

Analysis

Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund reported income of $3.5m and spending of $2.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 62% 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 88 Joint Apprenticeship & Training Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Community Resource Center Inc ($3.5m), Management Training & Consulting Corporation ($3.5m) and Dakota Business Lending ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. Compensation of current officers, directors and key employees was $219k (10% of expenses). Other salaries and wages came to $598k. At year end it held assets of $17.7m against liabilities of $7.0m, net assets of $10.7m. It reported 28 employees.