Plumbers & Pipefitters Local 162 Apprenticeship Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 625,640 | 510,163 | 115,477 | 25.2 | 54% |
| 2022 | 584,958 | 550,390 | 34,568 | 21.1 | 55% |
| 2023 | 583,402 | 644,756 | −61,354 | 17.9 | 55% |
| 2024 | 801,185 | 691,917 | 109,268 | 19.6 | 56% |
In its most recent public year (2024), this organization brought in $109,268 more than it spent. Its reserves stood at about 19.6 months of spending, down from 25.2 in 2021. Staff pay was 56% 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 2024. 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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