Hobart Institute Of Welding Technology
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,076,078 | 5,434,879 | 641,199 | 20.7 | 49% |
| 2012 | 6,552,276 | 5,859,672 | 692,604 | 20.6 | 48% |
| 2013 | 6,830,751 | 6,142,934 | 687,817 | 20.9 | 48% |
| 2014 | 7,609,811 | 6,658,028 | 951,783 | 22.2 | 50% |
| 2015 | 8,513,291 | 7,179,248 | 1,334,043 | 22.7 | 52% |
| 2016 | 9,204,584 | 7,997,014 | 1,207,570 | 22.3 | 55% |
| 2017 | 9,712,954 | 8,578,389 | 1,134,565 | 22.9 | 55% |
| 2018 | 9,278,938 | 8,462,246 | 816,692 | 23.9 | 54% |
| 2019 | 8,478,863 | 7,831,548 | 647,315 | 28.0 | 44% |
| 2020 | 8,624,823 | 7,570,926 | 1,053,897 | 31.8 | 43% |
| 2021 | 11,075,973 | 8,874,089 | 2,201,884 | 31.0 | 37% |
| 2022 | 10,377,174 | 9,112,806 | 1,264,368 | 29.6 | 38% |
| 2023 | 10,693,427 | 9,397,301 | 1,296,126 | 31.6 | 41% |
In its most recent public year (2023), this organization brought in $1,296,126 more than it spent. Its reserves stood at about 31.6 months of spending, up from 20.7 in 2011. Staff pay was 41% of spending. $97,457 of its net assets are donor-restricted.
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
Hobart Institute Of Welding Technology's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works