Metal Trades Branch Local 638 Hospitalization & Welfare Fund

Metal Trades Branch Local 638 Hospitalization & Welfare Fund consistently grows revenue and assets with zero reported officer compensation.

EIN: 136211854 · Long Island City, NY · Updated: 2026-03-28

$87.7MRevenue

$48.8MAssets

90/100Mission Score (Excellent)

About Metal Trades Branch Local 638 Hospitalization & Welfare Fund

Metal Trades Branch Local 638 Hospitalization & Welfare Fund (EIN: 136211854) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $87.7M and total assets of $48.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metal Trades Branch Local 638 Hospitalization & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Metal Trades Branch Local 638 Hospitalization & Welfare Fund demonstrates consistent financial growth, with revenue increasing from $41,707,990 in 2014 to $81,556,463 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $81,556,463 exceeded expenses of $79,284,881. This indicates sound financial management and an ability to cover its operational costs. The fund's assets have also shown significant growth, from $18,274,757 in 2014 to $46,901,845 in 2023, suggesting a healthy accumulation of reserves to support its welfare programs.

Spending efficiency appears to be strong, given the nature of a welfare fund where the majority of expenses are directly related to benefits paid to members. The consistent surpluses and asset growth, alongside zero reported officer compensation across all filings, suggest that resources are primarily directed towards the fund's beneficiaries rather than administrative overhead or executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, reinforcing trust in the organization's financial practices.

Overall, the fund exhibits robust financial health and a clear commitment to its mission. The consistent growth in revenue and assets, coupled with efficient spending and no reported officer compensation, paints a picture of a well-managed and transparent organization focused on providing hospitalization and welfare benefits to its members. The relatively low liabilities compared to assets further strengthens its financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Metal Trades Branch Local 638 Hospitalization & Welfare Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Metal Trades Branch Local 638 Hospitalization & Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size ($81.5M revenue in 2023) and suggests a strong commitment to directing funds towards its primary mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Metal Trades Branch Local 638 Hospitalization & Welfare Fund's IRS 990 filings:

NTEE Code is unknown, which can make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Metal Trades Branch Local 638 Hospitalization & Welfare Fund:

Consistent revenue growth, from $41.7M in 2014 to $81.5M in 2023.
Strong asset growth, from $18.2M in 2014 to $46.9M in 2023.
Consistent operational surpluses, such as $2,271,582 in 2023.
Zero reported officer compensation across all filings, indicating high program focus.
Relatively low liabilities compared to assets, enhancing financial stability.

Frequently Asked Questions about Metal Trades Branch Local 638 Hospitalization & Welfare Fund

Is Metal Trades Branch Local 638 Hospitalization & Welfare Fund financially stable?

Yes, the fund appears financially stable, consistently generating surpluses (e.g., $2,271,582 in 2023) and growing its assets from $18.2M in 2014 to $46.9M in 2023, while maintaining relatively low liabilities.

How does the fund manage executive compensation?

The fund reports 0% officer compensation in all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong indicator of resources being directed to beneficiaries.

What is the trend in the fund's revenue and expenses?

Both revenue and expenses have shown a consistent upward trend over the past decade, with revenue growing from $41.7M in 2014 to $81.5M in 2023, and expenses increasing proportionally, indicating an expansion of services or benefits.

Filing History

IRS 990 filing history for Metal Trades Branch Local 638 Hospitalization & Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Metal Trades Branch Local 638 Hospitalization & Welfare Fund's revenue has grown by 139.1%, moving from $34.1M to $81.6M. Total assets increased by 200.8% over the same period, from $15.6M to $46.9M. Total functional expenses rose by 112.4%, from $37.3M to $79.3M. In its most recent filing year (2023), Metal Trades Branch Local 638 Hospitalization & Welfare Fund reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $86K in liabilities against $46.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $46.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$81.6M	$79.3M	$46.9M	$86K	—	View 990
2022	$78.9M	$75.5M	$44.0M	$41K	—	View 990
2021	$76.9M	$67.1M	$44.9M	$39K	—	—
2020	$71.2M	$68.6M	$32.5M	$46K	—	—
2019	$69.7M	$67.1M	$29.8M	$46K	—	View 990
2018	$63.2M	$61.7M	$26.7M	$44K	—	View 990
2017	$58.2M	$50.5M	$25.2M	$51K	—	View 990
2016	$50.9M	$51.7M	$17.3M	$56K	—	View 990
2015	$46.3M	$46.2M	$18.3M	$84K	—	View 990
2014	$41.7M	$41.9M	$18.3M	$45K	—	View 990
2013	$38.8M	$35.6M	$17.4M	$34K	—	View 990
2012	$35.0M	$36.8M	$13.9M	$75K	—	View 990
2011	$34.1M	$37.3M	$15.6M	$62K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $81.6M, expenses of $79.3M, and assets of $46.9M (revenue +3.3% year-over-year).
2022: Revenue of $78.9M, expenses of $75.5M, and assets of $44.0M (revenue +2.6% year-over-year).
2021: Revenue of $76.9M, expenses of $67.1M, and assets of $44.9M (revenue +8.0% year-over-year).
2020: Revenue of $71.2M, expenses of $68.6M, and assets of $32.5M (revenue +2.2% year-over-year).
2019: Revenue of $69.7M, expenses of $67.1M, and assets of $29.8M (revenue +10.2% year-over-year).
2018: Revenue of $63.2M, expenses of $61.7M, and assets of $26.7M (revenue +8.6% year-over-year).
2017: Revenue of $58.2M, expenses of $50.5M, and assets of $25.2M (revenue +14.3% year-over-year).
2016: Revenue of $50.9M, expenses of $51.7M, and assets of $17.3M (revenue +10.1% year-over-year).
2015: Revenue of $46.3M, expenses of $46.2M, and assets of $18.3M (revenue +10.9% year-over-year).
2014: Revenue of $41.7M, expenses of $41.9M, and assets of $18.3M (revenue +7.5% year-over-year).
2013: Revenue of $38.8M, expenses of $35.6M, and assets of $17.4M (revenue +10.9% year-over-year).
2012: Revenue of $35.0M, expenses of $36.8M, and assets of $13.9M (revenue +2.5% year-over-year).
2011: Revenue of $34.1M, expenses of $37.3M, and assets of $15.6M.

Data Sources and Methodology

This transparency report for Metal Trades Branch Local 638 Hospitalization & Welfare Fund 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.