Steamfitters Local Union No 449 Joint Apprenticeship & Training
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,897,674 | 5,355,925 | 6,541,749 | 34.6 | 32% |
| 2021 | 16,253,567 | 6,004,124 | 10,249,443 | 51.7 | 31% |
| 2022 | 8,374,957 | 7,451,142 | 923,815 | 39.1 | 30% |
| 2023 | 5,854,231 | 7,677,191 | −1,822,960 | 36.7 | 30% |
In its most recent public year (2023), this organization spent $1,822,960 more than it brought in. Its reserves stood at about 36.7 months of spending, up from 34.6 in 2020. Staff pay was 30% 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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