Plumbers & Steam Fitters Educational Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,460,535 | 1,472,073 | −11,538 | 19.6 | 29% |
| 2021 | 1,677,087 | 1,535,701 | 141,386 | 19.9 | 33% |
| 2022 | 1,864,868 | 1,903,126 | −38,258 | 15.8 | 37% |
| 2023 | 2,158,804 | 2,377,098 | −218,294 | 11.6 | 36% |
In its most recent public year (2023), this organization spent $218,294 more than it brought in. Its reserves stood at about 11.6 months of spending, down from 19.6 in 2020. Staff pay was 36% 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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