Iron Workers Local 580 Shop Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 742,138 | 902,032 | −159,894 | 11.7 | 0% |
| 2012 | 714,086 | 680,799 | 33,287 | 16.2 | 0% |
| 2013 | 667,125 | 747,140 | −80,015 | 13.4 | 20% |
| 2014 | 767,224 | 864,584 | −97,360 | 10.3 | 32% |
| 2015 | 712,843 | 717,061 | −4,218 | 12.3 | 18% |
| 2016 | 790,229 | 687,651 | 102,578 | 14.7 | 13% |
| 2017 | 812,315 | 751,230 | 61,085 | 14.3 | 12% |
| 2018 | 908,921 | 877,988 | 30,933 | 12.5 | 9% |
| 2019 | 1,058,041 | 895,006 | 163,035 | 14.7 | 9% |
| 2020 | 973,698 | 885,879 | 87,819 | 16.2 | 6% |
| 2021 | 1,107,576 | 1,074,237 | 33,339 | 13.7 | 5% |
| 2022 | 1,100,686 | 1,043,816 | 56,870 | 14.3 | 6% |
| 2023 | 1,155,958 | 1,113,398 | 42,560 | 13.8 | 4% |
In its most recent public year (2023), this organization brought in $42,560 more than it spent. Its reserves stood at about 13.8 months of spending, up from 11.7 in 2011. Staff pay was 4% 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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