Apprentice Educational Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 465,197 | 463,684 | 1,513 | 15.1 | 25% |
| 2021 | 366,598 | 319,563 | 47,035 | 23.7 | 36% |
| 2022 | 248,381 | 326,660 | −78,279 | 20.3 | 36% |
| 2023 | 407,299 | 358,534 | 48,765 | 20.4 | 33% |
In its most recent public year (2023), this organization brought in $48,765 more than it spent. Its reserves stood at about 20.4 months of spending, up from 15.1 in 2020. Staff pay was 33% of spending.
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
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