Petroleum Equipment Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,763,222 | 2,521,282 | 241,940 | 29.1 | 37% |
| 2013 | 3,151,961 | 2,678,512 | 473,449 | 30.6 | 36% |
| 2014 | 3,077,921 | 2,689,994 | 387,927 | 35.8 | 34% |
| 2015 | 3,324,791 | 2,918,629 | 406,162 | 37.5 | 33% |
| 2016 | 3,475,688 | 3,109,052 | 366,636 | 36.5 | 35% |
| 2017 | 3,504,449 | 3,332,335 | 172,114 | 35.3 | 34% |
| 2018 | 3,703,443 | 4,076,255 | −372,812 | 27.2 | 29% |
| 2019 | 3,454,645 | 3,852,158 | −397,513 | 28.2 | 36% |
| 2020 | 3,811,234 | 3,881,125 | −69,891 | 26.8 | 40% |
| 2021 | 3,075,628 | 3,261,617 | −185,989 | 37.3 | 47% |
| 2022 | 3,682,039 | 3,804,788 | −122,749 | 25.4 | 37% |
| 2023 | 3,489,782 | 3,351,666 | 138,116 | 27.9 | 36% |
In its most recent public year (2023), this organization brought in $138,116 more than it spent. Its reserves stood at about 27.9 months of spending, down from 29.1 in 2012. Staff pay was 36% 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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