Insulation Industrys National Apprentice And Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,501,124 | 1,716,604 | 784,520 | 28.1 | 36% |
| 2021 | 3,129,986 | 1,295,661 | 1,834,325 | 55.2 | 0% |
| 2022 | 3,552,095 | 1,929,943 | 1,622,152 | 43.6 | 0% |
| 2023 | 3,281,914 | 2,583,353 | 698,561 | 37.4 | 17% |
In its most recent public year (2023), this organization brought in $698,561 more than it spent. Its reserves stood at about 37.4 months of spending, up from 28.1 in 2020. Staff pay was 17% 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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