Sheet Metal and Air Conditioning Aprnticeship/Jrnyman Training Fund

Analysis

Sheet Metal and Air Conditioning Aprnticeship/Jrnyman Training Fund is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Sheet Metal and Air Conditioning Aprnticeship/Jrnyman Training Fund reported income of $2.0m and spending of $1.0m, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 55% 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 and Air Conditioning Aprnticeship/Jrnyman Training Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Sacvalley Medshare ($2.0m), Merkaz Hatzedaka Corp ($2.0m) and Brooklyn Communities Collaborative Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $424k. At year end it held assets of $4.8m against liabilities of $1,347, net assets of $4.8m. It reported 13 employees.