New Mexico Pipe Trades Joint Apprenticeship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,378,638 | 1,627,951 | 750,687 | 37.5 | 29% |
| 2022 | 2,206,148 | 2,133,098 | 73,050 | 29.0 | 35% |
| 2023 | 2,633,349 | 2,546,958 | 86,391 | 24.7 | 38% |
| 2024 | 3,795,679 | 2,711,461 | 1,084,218 | 28.6 | 41% |
In its most recent public year (2024), this organization brought in $1,084,218 more than it spent. Its reserves stood at about 28.6 months of spending, down from 37.5 in 2021. Staff pay was 41% 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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