Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,669,095 | 1,456,104 | 1,212,991 | 60.6 | 39% |
| 2021 | 2,592,583 | 1,687,169 | 905,414 | 59.2 | 43% |
| 2022 | 3,137,700 | 1,822,795 | 1,314,905 | 60.1 | 42% |
| 2023 | 3,486,394 | 2,159,340 | 1,327,054 | 59.6 | 38% |
In its most recent public year (2023), this organization brought in $1,327,054 more than it spent. Its reserves stood at about 59.6 months of spending. Staff pay was 38% 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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