Sheet Metal Industry Education Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 211,723 | 200,258 | 11,465 | 67.2 | 15% |
| 2021 | 221,342 | 215,697 | 5,645 | 62.7 | 10% |
| 2022 | 242,241 | 289,914 | −47,673 | 44.7 | 7% |
| 2023 | 282,146 | 265,099 | 17,047 | 49.7 | 9% |
In its most recent public year (2023), this organization brought in $17,047 more than it spent. Its reserves stood at about 49.7 months of spending, down from 67.2 in 2020. Staff pay was 9% 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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