Local 947 Health & Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 2,400,036 | 2,581,978 | −181,942 | 2.3 | 19% |
| 2014 | 1,929,551 | 2,280,976 | −351,425 | 0.7 | 20% |
| 2015 | 1,886,525 | 1,890,449 | −3,924 | 0.9 | 15% |
| 2016 | 1,454,034 | 1,339,895 | 114,139 | 2.3 | 21% |
| 2017 | 1,277,285 | 1,143,490 | 133,795 | 3.9 | 15% |
| 2018 | 1,602,430 | 1,466,007 | 136,423 | 4.1 | 14% |
| 2019 | 3,282,220 | 3,132,305 | 149,915 | 2.5 | 5% |
| 2020 | 1,904,586 | 1,758,369 | 146,217 | 5.5 | 9% |
| 2021 | 1,733,766 | 1,712,879 | 20,887 | 5.7 | 9% |
| 2022 | 2,879,144 | 2,711,829 | 167,315 | 4.4 | 6% |
| 2023 | 5,122,334 | 4,628,512 | 493,822 | 3.8 | 3% |
In its most recent public year (2023), this organization brought in $493,822 more than it spent. Its reserves stood at about 3.8 months of spending, up from 2.3 in 2013. Staff pay was 3% 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
Local 947 Health & Welfare Fund's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works