Plumbers & Pipefitters Local Union No 562 Scholarship
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,398,052 | 52,175 | 1,345,877 | 347.8 | 0% |
| 2021 | 157,319 | 74,287 | 83,032 | 264.8 | 0% |
| 2022 | 48,829 | 78,216 | −29,387 | 199.8 | 0% |
| 2023 | 43,671 | 99,787 | −56,116 | 167.9 | 0% |
In its most recent public year (2023), this organization spent $56,116 more than it brought in. Its reserves stood at about 167.9 months of spending, down from 347.8 in 2020. 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
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