Sheet Metal Workers Local Union No 28 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 60,168,423 | 47,415,453 | 12,752,970 | 17.3 | 1% |
| 2012 | 67,766,168 | 45,646,298 | 22,119,870 | 23.6 | 1% |
| 2013 | 68,156,689 | 53,766,786 | 14,389,903 | 24.0 | 1% |
| 2014 | 70,936,390 | 54,248,032 | 16,688,358 | 28.1 | 1% |
| 2015 | 66,183,419 | 64,731,252 | 1,452,167 | 23.5 | 1% |
| 2016 | 73,331,225 | 65,598,441 | 7,732,784 | 25.1 | 1% |
| 2017 | 76,161,885 | 69,195,332 | 6,966,553 | 26.8 | 1% |
| 2018 | 83,319,897 | 76,551,904 | 6,767,993 | 24.4 | 1% |
| 2019 | 84,376,998 | 81,384,310 | 2,992,688 | 26.0 | 1% |
| 2020 | 75,359,131 | 82,561,823 | −7,202,692 | 26.1 | 1% |
| 2021 | 78,772,584 | 87,120,784 | −8,348,200 | 24.8 | 1% |
| 2022 | 65,848,597 | 81,038,628 | −15,190,031 | 21.9 | 1% |
| 2023 | 77,937,864 | 91,792,079 | −13,854,215 | 17.1 | 1% |
In its most recent public year (2023), this organization spent $13,854,215 more than it brought in. Its reserves stood at about 17.1 months of spending. Staff pay was 1% 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
Sheet Metal Workers Local Union No 28 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