Ibew-363 Labor Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 24,403,893 | 22,452,250 | 1,951,643 | 21.7 | 2% |
| 2021 | 28,025,970 | 26,812,744 | 1,213,226 | 19.2 | 2% |
| 2022 | 27,935,804 | 26,301,986 | 1,633,818 | 18.0 | 2% |
| 2023 | 32,283,855 | 27,804,553 | 4,479,302 | 19.6 | 2% |
In its most recent public year (2023), this organization brought in $4,479,302 more than it spent. Its reserves stood at about 19.6 months of spending, down from 21.7 in 2020. Staff pay was 2% 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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