Ironworkers Union Local 7
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 15,536,290 | 12,638,632 | 2,897,658 | 18.4 | 14% |
| 2022 | 15,665,064 | 13,395,990 | 2,269,074 | 19.1 | 15% |
| 2023 | 17,288,099 | 12,556,911 | 4,731,188 | 24.9 | 16% |
In its most recent public year (2023), this organization brought in $4,731,188 more than it spent. Its reserves stood at about 24.9 months of spending, up from 18.4 in 2021. Staff pay was 16% 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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