Sheet Metal Training Fund

Analysis

Sheet Metal Training Fund is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Sheet Metal Training Fund reported income of $3.0m and spending of $3.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.0m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 89% 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 Training Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Lift Jax Inc ($3.0m), Florida Association of Centers for Independent Living Inc Facil ($3.0m) and Fondo de Inversion Y Desarrollo Cooperative Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $177k (5.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.1m against liabilities of $278k, net assets of $7.8m. It reported 21 employees.