Local Union No 550 Of The Intl Assn Of Bridge Str & Orn Iron Workers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,065,665 | 917,481 | 148,184 | 13.7 | 20% |
| 2013 | 1,083,170 | 1,096,561 | −13,391 | 11.0 | 3% |
| 2014 | 1,057,039 | 960,628 | 96,411 | 13.7 | 3% |
| 2015 | 1,341,894 | 1,086,367 | 255,527 | 15.0 | 3% |
| 2016 | 1,224,885 | 1,124,554 | 100,331 | 15.3 | 17% |
| 2017 | 1,654,639 | 1,365,472 | 289,167 | 15.1 | 14% |
| 2018 | 1,613,835 | 1,478,748 | 135,087 | 15.1 | 13% |
| 2019 | 1,354,035 | 1,386,662 | −32,627 | 15.8 | 14% |
| 2020 | 994,654 | 1,095,126 | −100,472 | 18.2 | 14% |
| 2021 | 877,728 | 930,357 | −52,629 | 20.6 | 17% |
| 2022 | 1,674,883 | 1,347,399 | 327,484 | 15.6 | 17% |
| 2023 | 2,091,607 | 1,726,384 | 365,223 | 14.2 | 15% |
| 2024 | 2,130,959 | 1,573,475 | 557,484 | 18.6 | 19% |
In its most recent public year (2024), this organization brought in $557,484 more than it spent. Its reserves stood at about 18.6 months of spending, up from 13.7 in 2012. Staff pay was 19% 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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