Plumbers & Pipefitters Local 51 Joint Apprenticeship Training Cmte
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,710,242 | 1,386,216 | 324,026 | 12.5 | 34% |
| 2021 | 1,642,818 | 1,200,256 | 442,562 | 18.8 | 36% |
| 2022 | 1,766,239 | 1,353,114 | 413,125 | 20.4 | 33% |
| 2023 | 1,590,981 | 1,466,225 | 124,756 | 19.8 | 33% |
| 2024 | 1,982,469 | 1,436,495 | 545,974 | 25.0 | 34% |
In its most recent public year (2024), this organization brought in $545,974 more than it spent. Its reserves stood at about 25 months of spending, up from 12.5 in 2020. Staff pay was 34% 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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