Plumbers & Steamfitters Local 7 Apprentice Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,175,040 | 960,404 | 214,636 | 25.2 | 27% |
| 2022 | 1,255,548 | 1,060,196 | 195,352 | 20.8 | 26% |
| 2023 | 1,229,030 | 1,214,968 | 14,062 | 19.2 | 31% |
In its most recent public year (2023), this organization brought in $14,062 more than it spent. Its reserves stood at about 19.2 months of spending, down from 25.2 in 2021. Staff pay was 31% 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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