Insulators Local No 53 Welfare Fund
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $1,706,266 | $1,187,171 | $519,095 | 60.6 | 2% |
| 2021 | $2,490,512 | $1,900,007 | $590,505 | 40.7 | 1% |
| 2022 | $2,735,176 | $1,625,159 | $1,110,017 | 48.6 | 1% |
| 2023 | $1,745,222 | $1,369,561 | $375,661 | 62.9 | 1% |
In its most recent public year (2023), this organization brought in $375,661 more than it spent. Its reserves stood at about 62.9 months of spending, up from 60.6 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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