Sheet Metal 18 Local Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 46,408 | 70,800 | −24,392 | 13.7 | — |
| 2017 | 79,150 | 46,891 | 32,259 | 28.9 | — |
| 2018 | 61,405 | 71,934 | −10,529 | 17.1 | — |
| 2019 | 76,163 | 67,869 | 8,294 | 19.6 | — |
| 2020 | 116,278 | 63,732 | 52,546 | 30.7 | — |
| 2021 | 166,806 | 134,402 | 32,404 | 17.5 | — |
| 2022 | 188,987 | 142,685 | 46,302 | 20.3 | — |
| 2023 | 217,054 | 146,789 | 70,265 | 25.5 | 28% |
In its most recent public year (2023), this organization brought in $70,265 more than it spent. Its reserves stood at about 25.5 months of spending, up from 13.7 in 2016. Staff pay was 28% 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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