Plumbers & Pipefitters Joint Apprenticeship Training Fund Of Ma
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 542,339 | 453,760 | 88,579 | 19.8 | 42% |
| 2022 | 950,109 | 497,436 | 452,673 | 29.0 | 41% |
| 2023 | 1,002,495 | 704,347 | 298,148 | 25.6 | 35% |
| 2024 | 768,801 | 725,919 | 42,882 | 26.4 | 34% |
In its most recent public year (2024), this organization brought in $42,882 more than it spent. Its reserves stood at about 26.4 months of spending, up from 19.8 in 2021. Staff pay was 34% 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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