Local 470 Apprenticeship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 273,530 | 306,176 | −32,646 | 7.7 | 32% |
| 2021 | 311,511 | 280,937 | 30,574 | 9.7 | 30% |
| 2022 | 295,072 | 311,842 | −16,770 | 8.1 | 30% |
| 2023 | 314,981 | 311,575 | 3,406 | 8.3 | 33% |
In its most recent public year (2023), this organization brought in $3,406 more than it spent. Its reserves stood at about 8.3 months of spending. Staff pay was 33% 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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