Teamsters Local 653 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 30,477,733 | 28,300,713 | 2,177,020 | 28.0 | 1% |
| 2021 | 32,591,665 | 30,444,465 | 2,147,200 | 27.2 | 1% |
| 2022 | 33,434,574 | 30,853,165 | 2,581,409 | 24.5 | 1% |
| 2023 | 31,447,489 | 33,756,692 | −2,309,203 | 23.2 | 1% |
In its most recent public year (2023), this organization spent $2,309,203 more than it brought in. Its reserves stood at about 23.2 months of spending, down from 28 in 2020. 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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