Carpenters Health & Welfare Fund Of Philadelphia And Vicinity
EIN: 231574984 · Philadelphia, PA
| Metric | Value |
|---|---|
| Total Revenue | $476.0M |
| Total Expenses | $126.3M |
| Net Assets | $498.4M |
Is Carpenters Health & Welfare Fund Of Philadelphia And Vicinity Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carpenters Health & Welfare Fund Of Philadelphia And Vicinity
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity (EIN: 231574984) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $476.0M and total assets of $502.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpenters Health & Welfare Fund Of Philadelphia And Vicinity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity is a major nonprofit that has been operating for 62 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $129.8M |
| Total Expenses | $126.3M |
| Surplus / Deficit | +$3.5M |
| Total Assets | $502.0M |
| Total Liabilities | $3.6M |
| Net Assets | $498.4M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 47.7 months |
Financial Health Grade: A
In 2022, Carpenters Health & Welfare Fund Of Philadelphia And Vicinity reported a surplus of $3.5M with revenue exceeding expenses, holds 47.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Carpenters Health & Welfare Fund Of Philadelphia And Vicinity's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.0% | +12.5% | -1.1% |
| 2021 | -4.4% | -7.2% | +10.7% |
| 2020 | -5.5% | +15.7% | +2.9% |
| 2019 | +6.5% | +6.1% | +12.6% |
| 2018 | +1.0% | -12.6% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carpenters Health & Welfare Fund Of Philadelphia And Vicinity has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carpenters Health & Welfare Fund Of Philadelphia And Vicinity with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Carpenters Health & Welfare Fund Of Philadelphia And Vicinity
Is Carpenters Health & Welfare Fund Of Philadelphia And Vicinity a legitimate charity?
Based on AI analysis of IRS 990 filings, Carpenters Health & Welfare Fund Of Philadelphia And Vicinity (EIN: 231574984) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carpenters Health & Welfare Fund Of Philadelphia And Vicinity spend its money?
Detailed spending breakdown data is not yet available for Carpenters Health & Welfare Fund Of Philadelphia And Vicinity. Check back for updated IRS 990 analysis.
Are donations to Carpenters Health & Welfare Fund Of Philadelphia And Vicinity tax-deductible?
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity is registered as a tax-exempt nonprofit (EIN: 231574984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carpenters Health & Welfare Fund Of Philadelphia And Vicinity located?
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 231574984.
How many years of IRS 990 filings does Carpenters Health & Welfare Fund Of Philadelphia And Vicinity have?
Carpenters Health & Welfare Fund Of Philadelphia And Vicinity has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $476.0M in total revenue.
Filing History
IRS 990 filing history for Carpenters Health & Welfare Fund Of Philadelphia And Vicinity showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Carpenters Health & Welfare Fund Of Philadelphia And Vicinity's revenue has grown by 22.4%, moving from $106.0M to $129.8M. Total assets increased by 197.9% over the same period, from $168.5M to $502.0M. Total functional expenses rose by 24.8%, from $101.2M to $126.3M. In its most recent filing year (2022), Carpenters Health & Welfare Fund Of Philadelphia And Vicinity reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $502.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $498.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $129.8M | $126.3M | $502.0M | $3.6M | — | View 990 |
| 2021 | $133.7M | $112.2M | $507.4M | $1.9M | — | View 990 |
| 2020 | $139.8M | $121.0M | $458.3M | $9.0M | — | — |
| 2019 | $147.9M | $104.6M | $445.5M | $8.6M | — | View 990 |
| 2018 | $138.9M | $98.6M | $395.7M | $11.9M | — | View 990 |
| 2017 | $137.5M | $112.7M | $348.2M | $4.9M | — | View 990 |
| 2016 | $134.5M | $94.0M | $308.1M | $7.9M | — | View 990 |
| 2015 | $119.9M | $94.3M | $261.8M | $7.5M | — | View 990 |
| 2014 | $113.8M | $96.4M | $219.8M | $3.3M | — | View 990 |
| 2013 | $112.4M | $94.0M | $195.0M | $4.9M | — | View 990 |
| 2012 | $106.0M | $101.2M | $168.5M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $129.8M, expenses of $126.3M, and assets of $502.0M (revenue -3.0% year-over-year).
- 2021: Revenue of $133.7M, expenses of $112.2M, and assets of $507.4M (revenue -4.4% year-over-year).
- 2020: Revenue of $139.8M, expenses of $121.0M, and assets of $458.3M (revenue -5.5% year-over-year).
- 2019: Revenue of $147.9M, expenses of $104.6M, and assets of $445.5M (revenue +6.5% year-over-year).
- 2018: Revenue of $138.9M, expenses of $98.6M, and assets of $395.7M (revenue +1.0% year-over-year).
- 2017: Revenue of $137.5M, expenses of $112.7M, and assets of $348.2M (revenue +2.2% year-over-year).
- 2016: Revenue of $134.5M, expenses of $94.0M, and assets of $308.1M (revenue +12.1% year-over-year).
- 2015: Revenue of $119.9M, expenses of $94.3M, and assets of $261.8M (revenue +5.4% year-over-year).
- 2014: Revenue of $113.8M, expenses of $96.4M, and assets of $219.8M (revenue +1.2% year-over-year).
- 2013: Revenue of $112.4M, expenses of $94.0M, and assets of $195.0M (revenue +6.1% year-over-year).
- 2012: Revenue of $106.0M, expenses of $101.2M, and assets of $168.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpenters Health & Welfare Fund Of Philadelphia And Vicinity:
Data Sources and Methodology
This transparency report for Carpenters Health & Welfare Fund Of Philadelphia And Vicinity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.