Labor Institute For Training Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 232,927 | 138,532 | 94,395 | 11.2 | 43% |
| 2012 | 277,616 | 266,879 | 10,737 | 6.3 | 33% |
| 2013 | 338,928 | 289,228 | 49,700 | 7.9 | 35% |
| 2014 | 588,664 | 464,440 | 124,224 | 8.0 | 31% |
| 2015 | 809,148 | 634,825 | 174,323 | 9.1 | 33% |
| 2016 | 508,358 | 639,326 | −130,968 | 6.6 | 34% |
| 2017 | 617,304 | 697,945 | −80,641 | 4.7 | 33% |
| 2018 | 649,950 | 691,951 | −42,001 | 3.9 | 31% |
| 2019 | 920,704 | 1,141,670 | −220,966 | 0.1 | 22% |
| 2020 | 1,393,583 | 1,182,510 | 211,073 | 2.2 | 29% |
| 2021 | 1,117,356 | 1,099,897 | 17,459 | 2.6 | 33% |
| 2022 | 294,584 | 424,070 | −129,486 | 3.1 | 42% |
| 2023 | 8,236 | 104,159 | −95,923 | 1.4 | 46% |
In its most recent public year (2023), this organization spent $95,923 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 11.2 in 2011. Staff pay was 46% 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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