Ibew 688 Fringe Benefit Funds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 2,742,622 | 2,731,379 | 11,243 | 0.0 | 1% |
| 2014 | 2,963,756 | 2,964,092 | −336 | 0.0 | 1% |
| 2015 | 3,191,982 | 3,186,784 | 5,198 | 0.0 | 1% |
| 2016 | 2,864,996 | 2,858,715 | 6,281 | 0.1 | 1% |
| 2017 | 1,968,211 | 1,967,454 | 757 | 0.1 | 2% |
| 2018 | 2,295,014 | 2,268,441 | 26,573 | 0.2 | 2% |
| 2019 | 2,712,069 | 2,698,706 | 13,363 | 0.2 | 2% |
| 2020 | 2,605,398 | 2,606,617 | −1,219 | 0.2 | 1% |
| 2021 | 2,953,996 | 2,960,819 | −6,823 | 0.2 | 1% |
| 2022 | 3,286,378 | 3,296,230 | −9,852 | 0.1 | 1% |
| 2023 | 2,906,543 | 2,897,096 | 9,447 | 0.2 | 1% |
In its most recent public year (2023), this organization brought in $9,447 more than it spent. Its reserves stood at about 0.2 months of spending. Staff pay was 1% 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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