Sheet Metal Workers Union Joint Apprenticeship & Training Co

Analysis

Sheet Metal Workers Union Joint Apprenticeship & Training Co is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in September 1972, 54 years ago. 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 June 2023, Sheet Metal Workers Union Joint Apprenticeship & Training Co reported income of $748k and spending of $733k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $552k to $748k (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 95% 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 Union Joint Apprenticeship & Training Co sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within AK. Charities of a similar size with the same main cause include Virginia Network for Victims and Witnesses of Crime Inc ($748k), Consumer Credit Counseling Inc ($748k) and Sonny Boy Blues Society Inc ($748k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $131k (18% of expenses). Other salaries and wages came to $251k. At year end it held assets of $2.2m against liabilities of $24k, net assets of $2.2m. It reported 16 employees.