Local 351 Ibew Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 40,978,609 | 36,346,297 | 4,632,312 | 7.8 | 0% |
| 2012 | 34,140,480 | 36,958,824 | −2,818,344 | 7.0 | 0% |
| 2013 | 33,793,518 | 38,488,141 | −4,694,623 | 5.0 | 0% |
| 2014 | 31,303,732 | 38,959,463 | −7,655,731 | 2.5 | 0% |
| 2015 | 37,043,819 | 34,602,297 | 2,441,522 | 3.6 | 0% |
| 2016 | 36,538,632 | 35,383,407 | 1,155,225 | 3.8 | 0% |
| 2017 | 36,096,107 | 38,150,593 | −2,054,486 | 2.9 | 0% |
| 2018 | 41,465,638 | 31,891,405 | 9,574,233 | 6.9 | 0% |
| 2019 | 37,918,332 | 33,730,280 | 4,188,052 | 8.3 | 0% |
| 2020 | 37,519,422 | 33,446,465 | 4,072,957 | 10.1 | 0% |
| 2021 | 33,519,027 | 37,190,885 | −3,671,858 | 7.8 | 0% |
| 2022 | 33,343,361 | 38,645,948 | −5,302,587 | 5.2 | 0% |
| 2023 | 37,396,300 | 38,456,424 | −1,060,124 | 4.9 | 0% |
In its most recent public year (2023), this organization spent $1,060,124 more than it brought in. Its reserves stood at about 4.9 months of spending, down from 7.8 in 2011. Staff pay was 0% 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
Local 351 Ibew 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