Plumbers And Steam Fitters Local 60 Education Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 649,841 | 866,247 | −216,406 | 31.4 | 25% |
| 2021 | 706,164 | 827,776 | −121,612 | 30.9 | 26% |
| 2022 | 695,472 | 1,002,396 | −306,924 | 20.1 | 23% |
| 2023 | 692,869 | 1,256,840 | −563,971 | 11.2 | 25% |
In its most recent public year (2023), this organization spent $563,971 more than it brought in. Its reserves stood at about 11.2 months of spending, down from 31.4 in 2020. Staff pay was 25% 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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