Sheet Metal Workers 104 & Bay Area Industry Training Fund

Analysis

Sheet Metal Workers 104 & Bay Area Industry Training Fund is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in August 1967, 59 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 Workers 104 & Bay Area Industry Training Fund reported income of $11.7m and spending of $10.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.1m to $11.7m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 74% 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 104 & Bay Area Industry Training Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Massachusetts Manufacturing Extension Partnership Inc ($11.7m), Relief Enterprise Inc ($11.7m) and Aws Foundation ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 74% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $54.0m against liabilities of $1.4m, net assets of $52.6m. It reported 81 employees.