Laborers 563 Building Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 84,574 | 166,971 | −82,397 | 238.4 | 4% |
| 2022 | 89,438 | 178,717 | −89,279 | 216.7 | 0% |
| 2023 | 95,962 | 337,859 | −241,897 | 191.3 | 0% |
| 2024 | 86,527 | 338,831 | −252,304 | 417.7 | 0% |
In its most recent public year (2024), this organization spent $252,304 more than it brought in. Its reserves stood at about 417.7 months of spending, up from 238.4 in 2021. 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 2024. 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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