Local 580 College Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 471,090 | 486,144 | −15,054 | 25.5 | 0% |
| 2012 | 723,072 | 470,753 | 252,319 | 32.7 | 0% |
| 2013 | 812,942 | 473,964 | 338,978 | 41.3 | 5% |
| 2014 | 787,150 | 539,195 | 247,955 | 41.8 | 5% |
| 2015 | 861,044 | 547,985 | 313,059 | 47.4 | 5% |
| 2016 | 987,709 | 544,962 | 442,747 | 58.2 | 6% |
| 2017 | 1,086,131 | 646,928 | 439,203 | 59.0 | 5% |
| 2018 | 1,196,149 | 678,514 | 517,635 | 63.2 | 5% |
| 2019 | 1,026,847 | 718,579 | 308,268 | 67.5 | 4% |
| 2020 | 717,113 | 703,381 | 13,732 | 72.0 | 4% |
| 2021 | 1,202,414 | 647,955 | 554,459 | 82.6 | 4% |
| 2022 | 664,407 | 755,268 | −90,861 | 67.1 | 3% |
| 2023 | 542,859 | 609,866 | −67,007 | 84.7 | 2% |
In its most recent public year (2023), this organization spent $67,007 more than it brought in. Its reserves stood at about 84.7 months of spending, up from 25.5 in 2011. Staff pay was 2% 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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