Iron Workers Local Union 8 Joint Apprntcshp&Adv Jrnymn Trng Tr Fd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,396,252 | 1,120,214 | 276,038 | 24.0 | 1% |
| 2020 | 1,376,223 | 1,067,419 | 308,804 | 28.7 | 24% |
| 2021 | 1,164,075 | 1,296,176 | −132,101 | 22.4 | 27% |
| 2022 | 1,448,530 | 1,254,313 | 194,217 | 25.0 | 31% |
| 2023 | 3,962,524 | 1,598,398 | 2,364,126 | 37.4 | 30% |
In its most recent public year (2023), this organization brought in $2,364,126 more than it spent. Its reserves stood at about 37.4 months of spending, up from 24 in 2019. 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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