Sheet Metal Local No 25 New Jersey Welfare Fund
Sheet Metal Local No 25 NJ Welfare Fund: Stable Finances, High Program Spending
EIN: 222586287 · Carlstadt, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $12.5M |
| Program Spending | 90% |
| Net Assets | $25.9M |
| Transparency Score | 75/100 |
Is Sheet Metal Local No 25 New Jersey Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheet Metal Local No 25 New Jersey Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Local No 25 New Jersey Welfare Fund
Sheet Metal Local No 25 New Jersey Welfare Fund (EIN: 222586287) is a nonprofit organization based in Carlstadt, NJ. The organization reported total revenue of $12.8M and total assets of $29.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Local No 25 New Jersey Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Local No 25 New Jersey Welfare Fund is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $12.5M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $26.8M |
| Total Liabilities | $917K |
| Net Assets | $25.9M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Sheet Metal Local No 25 New Jersey Welfare Fund reported a surplus of $1.5M with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Local No 25 New Jersey Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | -2.0% | +6.9% |
| 2022 | -10.3% | +8.0% | -5.7% |
| 2021 | +9.5% | +8.8% | +16.9% |
| 2020 | -5.3% | -8.8% | +16.4% |
| 2019 | +8.7% | -8.0% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheet Metal Local No 25 New Jersey Welfare Fund with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Local No 25 New Jersey Welfare Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, preventing an assessment.
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.
Strengths
The following positive indicators were identified for Sheet Metal Local No 25 New Jersey Welfare Fund:
- Consistent revenue generation, with 2023 revenue at $13,984,399.
- Healthy asset growth, reaching $26,831,737 in 2023.
- Expenses consistently below revenue in recent years, indicating sound financial management.
Frequently Asked Questions about Sheet Metal Local No 25 New Jersey Welfare Fund
Is Sheet Metal Local No 25 New Jersey Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Local No 25 New Jersey Welfare Fund (EIN: 222586287) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Sheet Metal Local No 25 New Jersey Welfare Fund spend its money?
Sheet Metal Local No 25 New Jersey Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Local No 25 New Jersey Welfare Fund tax-deductible?
Sheet Metal Local No 25 New Jersey Welfare Fund is registered as a tax-exempt nonprofit (EIN: 222586287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Local No 25 New Jersey Welfare Fund's spending goes to programs?
Sheet Metal Local No 25 New Jersey Welfare Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Local No 25 New Jersey Welfare Fund located?
Sheet Metal Local No 25 New Jersey Welfare Fund is headquartered in Carlstadt, New Jersey and files with the IRS under EIN 222586287.
How many years of IRS 990 filings does Sheet Metal Local No 25 New Jersey Welfare Fund have?
Sheet Metal Local No 25 New Jersey Welfare Fund has 13 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 $12.8M in total revenue.
What does Sheet Metal Local No 25 New Jersey Welfare Fund do?
Sheet Metal Local No 25 New Jersey Welfare Fund is a nonprofit organization in the Unknown sector, located in Carlstadt, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sheet Metal Local No 25 New Jersey Welfare Fund have?
Sheet Metal Local No 25 New Jersey Welfare Fund reported total revenue of $12,761,387. Based on 13 IRS 990 filings on record.
What are Sheet Metal Local No 25 New Jersey Welfare Fund's total assets?
Sheet Metal Local No 25 New Jersey Welfare Fund holds total assets of $29,036,759 as reported in IRS 990 filings.
Where is Sheet Metal Local No 25 New Jersey Welfare Fund located?
Sheet Metal Local No 25 New Jersey Welfare Fund is based in Carlstadt, New Jersey.
What is Sheet Metal Local No 25 New Jersey Welfare Fund's EIN?
Sheet Metal Local No 25 New Jersey Welfare Fund's Employer Identification Number (EIN) is 222586287. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Local No 25 New Jersey Welfare Fund?
Sheet Metal Local No 25 New Jersey Welfare Fund is classified under NTEE code Unknown (Unknown).
Is Sheet Metal Local No 25 New Jersey Welfare Fund a registered 501(c)(3)?
Sheet Metal Local No 25 New Jersey Welfare Fund appears in IRS records (EIN: 222586287). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sheet Metal Local No 25 New Jersey Welfare Fund file IRS Form 990?
Yes, Sheet Metal Local No 25 New Jersey Welfare Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sheet Metal Local No 25 New Jersey Welfare Fund's revenue in 2023?
In the 202312 filing period, Sheet Metal Local No 25 New Jersey Welfare Fund reported total revenue of $13,984,399, total expenses of $12,486,633, and net assets of $26,831,737.
Is Sheet Metal Local No 25 New Jersey Welfare Fund's revenue growing or declining?
Sheet Metal Local No 25 New Jersey Welfare Fund's revenue is growing. Revenue went from $12,372,350 (202212) to $13,984,399 (202312), a +13.0% change. Based on 13 filings on record.
What is Sheet Metal Local No 25 New Jersey Welfare Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Local No 25 New Jersey Welfare Fund covers tax period 202312. It shows revenue of $13,984,399, expenses of $12,486,633, total assets of $26,831,737, and liabilities of $916,906.
How much does Sheet Metal Local No 25 New Jersey Welfare Fund spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Local No 25 New Jersey Welfare Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sheet Metal Local No 25 New Jersey Welfare Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Local No 25 New Jersey Welfare Fund appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Sheet Metal Local No 25 New Jersey Welfare Fund's strengths?
Positive indicators for Sheet Metal Local No 25 New Jersey Welfare Fund include: Consistent revenue generation, with 2023 revenue at $13,984,399.. Healthy asset growth, reaching $26,831,737 in 2023.. Expenses consistently below revenue in recent years, indicating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Local No 25 New Jersey Welfare Fund compensate executives?
Executive compensation information is not available in the provided data, preventing an assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Welfare Fund' designation, what specific welfare programs or benefits does this organization provide to its members?
The provided data does not detail the specific welfare programs or benefits offered by the Sheet Metal Local No 25 New Jersey Welfare Fund. Further investigation into their official documents or website would be required to understand their programmatic activities.
How does the fund manage its investments, given its substantial asset base, and what is the historical return on these investments?
The provided financial data only lists total assets and does not offer insights into investment strategies or historical returns. A deeper dive into their audited financial statements would be necessary to understand their investment portfolio and performance.
Filing History
IRS 990 filing history for Sheet Metal Local No 25 New Jersey Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Local No 25 New Jersey Welfare Fund's revenue has grown by 77.2%, moving from $7.9M to $14.0M. Total assets increased by 26.3% over the same period, from $21.2M to $26.8M. Total functional expenses rose by 30.3%, from $9.6M to $12.5M. In its most recent filing year (2023), Sheet Metal Local No 25 New Jersey Welfare Fund reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $917K in liabilities against $26.8M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $25.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $12.5M | $26.8M | $917K | — | — |
| 2022 | $12.4M | $12.7M | $25.1M | $2.1M | — | View 990 |
| 2021 | $13.8M | $11.8M | $26.6M | $1.3M | — | View 990 |
| 2020 | $12.6M | $10.8M | $22.8M | $1.3M | — | View 990 |
| 2019 | $13.3M | $11.9M | $19.6M | $1.1M | — | View 990 |
| 2018 | $12.2M | $12.9M | $16.5M | $1.0M | — | View 990 |
| 2017 | $12.4M | $11.9M | $17.4M | $939K | — | — |
| 2016 | $11.0M | $12.4M | $16.7M | $1.1M | — | View 990 |
| 2015 | $10.3M | $11.5M | $17.9M | $922K | — | View 990 |
| 2014 | $9.6M | $10.6M | $19.5M | $982K | — | View 990 |
| 2013 | $8.8M | $9.9M | $20.0M | $806K | — | View 990 |
| 2012 | $8.7M | $9.6M | $20.5M | $768K | — | View 990 |
| 2011 | $7.9M | $9.6M | $21.2M | $736K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $12.5M, and assets of $26.8M (revenue +13.0% year-over-year).
- 2022: Revenue of $12.4M, expenses of $12.7M, and assets of $25.1M (revenue -10.3% year-over-year).
- 2021: Revenue of $13.8M, expenses of $11.8M, and assets of $26.6M (revenue +9.5% year-over-year).
- 2020: Revenue of $12.6M, expenses of $10.8M, and assets of $22.8M (revenue -5.3% year-over-year).
- 2019: Revenue of $13.3M, expenses of $11.9M, and assets of $19.6M (revenue +8.7% year-over-year).
- 2018: Revenue of $12.2M, expenses of $12.9M, and assets of $16.5M (revenue -0.9% year-over-year).
- 2017: Revenue of $12.4M, expenses of $11.9M, and assets of $17.4M (revenue +12.5% year-over-year).
- 2016: Revenue of $11.0M, expenses of $12.4M, and assets of $16.7M (revenue +6.8% year-over-year).
- 2015: Revenue of $10.3M, expenses of $11.5M, and assets of $17.9M (revenue +6.8% year-over-year).
- 2014: Revenue of $9.6M, expenses of $10.6M, and assets of $19.5M (revenue +10.0% year-over-year).
- 2013: Revenue of $8.8M, expenses of $9.9M, and assets of $20.0M (revenue +0.1% year-over-year).
- 2012: Revenue of $8.7M, expenses of $9.6M, and assets of $20.5M (revenue +10.8% year-over-year).
- 2011: Revenue of $7.9M, expenses of $9.6M, and assets of $21.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Local No 25 New Jersey Welfare Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Local No 25 New Jersey 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.