Sheet Metal Workers Craft Training Fund Local Union 38
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,267,416 | 1,150,360 | 117,056 | 1.8 | 20% |
| 2013 | 1,367,631 | 1,157,160 | 210,471 | 4.0 | 20% |
| 2014 | 1,297,047 | 1,192,906 | 104,141 | 4.9 | 21% |
| 2015 | 1,627,336 | 1,201,076 | 426,260 | 9.1 | 22% |
| 2016 | 1,273,047 | 1,210,078 | 62,969 | 9.7 | 24% |
| 2017 | 1,369,847 | 1,250,285 | 119,562 | 10.5 | 23% |
| 2018 | 1,489,511 | 1,260,022 | 229,489 | 12.6 | 24% |
| 2019 | 1,505,266 | 1,221,852 | 283,414 | 15.8 | 24% |
| 2020 | 1,333,899 | 1,166,613 | 167,286 | 18.2 | 24% |
| 2021 | 1,300,336 | 1,074,558 | 225,778 | 22.3 | 23% |
| 2022 | 1,197,381 | 1,162,138 | 35,243 | 21.0 | 25% |
| 2023 | 1,372,866 | 1,091,876 | 280,990 | 25.5 | 29% |
In its most recent public year (2023), this organization brought in $280,990 more than it spent. Its reserves stood at about 25.5 months of spending, up from 1.8 in 2012. Staff pay was 29% of spending. $16,973 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Sheet Metal Workers Craft Training Fund Local Union 38's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works