Des Moines Electrical Apprenticeship Training Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,073,237 | 1,682,596 | 1,390,641 | 91.2 | 42% |
| 2022 | 2,918,913 | 1,778,877 | 1,140,036 | 92.5 | 42% |
| 2023 | 3,283,120 | 1,800,213 | 1,482,907 | 100.8 | 42% |
| 2024 | 3,711,736 | 2,079,444 | 1,632,292 | 97.7 | 48% |
In its most recent public year (2024), this organization brought in $1,632,292 more than it spent. Its reserves stood at about 97.7 months of spending, up from 91.2 in 2021. Staff pay was 48% 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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