Northwest Washington Electrical Industry Joint Apprenticeship &
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,009,475 | 2,302,060 | 707,415 | 29.5 | 42% |
| 2021 | 2,667,756 | 2,423,813 | 243,943 | 32.6 | 49% |
| 2022 | 3,556,890 | 3,271,111 | 285,779 | 22.8 | 41% |
| 2023 | 4,396,973 | 3,687,580 | 709,393 | 22.9 | 33% |
In its most recent public year (2023), this organization brought in $709,393 more than it spent. Its reserves stood at about 22.9 months of spending, down from 29.5 in 2020. Staff pay was 33% 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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