Modesto Area Sheet Metal Apprenticeship Training Trust

Analysis

Modesto Area Sheet Metal Apprenticeship Training Trust is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in June 1997, 29 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, Modesto Area Sheet Metal Apprenticeship Training Trust reported income of $191k and spending of $187k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $232k to $191k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Modesto Area Sheet Metal Apprenticeship Training Trust sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Blades Economic Development Corporation ($191k), Square1 Inc ($191k) and Main Street Gardnerville ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.5% of the total. At year end it held assets of $493k against liabilities of $495, net assets of $493k.