Laborers Local 1822 Fringe Benefit Funds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 231,236 | 267,882 | −36,646 | 21.5 | 23% |
| 2021 | 303,225 | 276,328 | 26,897 | 22.3 | 24% |
| 2022 | 263,567 | 293,482 | −29,915 | 18.6 | 21% |
| 2023 | 277,332 | 275,954 | 1,378 | 20.4 | 16% |
In its most recent public year (2023), this organization brought in $1,378 more than it spent. Its reserves stood at about 20.4 months of spending, down from 21.5 in 2020. Staff pay was 16% 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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