Steamfitting Industry Fund Of New York & Long Island
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,430,980 | 2,353,630 | 77,350 | 14.1 | 30% |
| 2021 | 2,847,501 | 2,420,259 | 427,242 | 15.8 | 30% |
| 2022 | 2,208,415 | 3,240,682 | −1,032,267 | 8.0 | 22% |
| 2023 | 2,758,762 | 3,444,698 | −685,936 | 5.1 | 21% |
In its most recent public year (2023), this organization spent $685,936 more than it brought in. Its reserves stood at about 5.1 months of spending, down from 14.1 in 2020. Staff pay was 21% 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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