Pipe Industry Insurance Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,850,042 | 32,734,588 | 4,115,454 | 8.1 | 1% |
| 2021 | 38,277,102 | 35,594,037 | 2,683,065 | 8.2 | 1% |
| 2022 | 42,021,979 | 38,704,662 | 3,317,317 | 7.6 | 1% |
| 2023 | 44,782,596 | 47,617,640 | −2,835,044 | 6.0 | 1% |
In its most recent public year (2023), this organization spent $2,835,044 more than it brought in. Its reserves stood at about 6 months of spending, down from 8.1 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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