Local Union No 1556 Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 63,593 | 78,520 | −14,927 | 26.0 | — |
| 2020 | 41,405 | 60,253 | −18,848 | 7.6 | — |
| 2021 | 96,850 | 85,636 | 11,214 | 7.3 | — |
| 2022 | 61,246 | 61,757 | −511 | 10.0 | — |
| 2023 | 45,209 | 20,268 | 24,941 | 69.9 | — |
In its most recent public year (2023), this organization brought in $24,941 more than it spent. Its reserves stood at about 69.9 months of spending, up from 26 in 2019.
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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