Steelworkers Health & Welfare Fund
EIN: 231317409 · Pittsburgh, PA
| Metric | Value |
|---|---|
| Total Revenue | $922.8M |
| Total Expenses | $850.0M |
| Net Assets | $105.8M |
Is Steelworkers Health & Welfare Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Steelworkers Health & Welfare Fund
Steelworkers Health & Welfare Fund (EIN: 231317409) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $922.8M and total assets of $110.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steelworkers Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steelworkers Health & Welfare Fund is a major nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $885.0M |
| Total Expenses | $850.0M |
| Surplus / Deficit | +$35.0M |
| Total Assets | $105.8M |
| Net Assets | $105.8M |
| Operating Margin | 3.9% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Steelworkers Health & Welfare Fund reported a surplus of $35.0M with revenue exceeding expenses, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Steelworkers Health & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +3.5% | +57.3% |
| 2022 | +1.0% | +0.8% | -11.2% |
| 2021 | +2.0% | +1.8% | +9.0% |
| 2020 | -1.7% | -2.5% | +15.2% |
| 2019 | +0.2% | +1.2% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Steelworkers Health & Welfare Fund 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 Steelworkers Health & Welfare Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35.0M, with revenue exceeding expenses.
Frequently Asked Questions about Steelworkers Health & Welfare Fund
Is Steelworkers Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Steelworkers Health & Welfare Fund (EIN: 231317409) insufficient data. 0 red flags identified, 0 strengths noted.
How does Steelworkers Health & Welfare Fund spend its money?
Detailed spending breakdown data is not yet available for Steelworkers Health & Welfare Fund. Check back for updated IRS 990 analysis.
Are donations to Steelworkers Health & Welfare Fund tax-deductible?
Steelworkers Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 231317409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Steelworkers Health & Welfare Fund located?
Steelworkers Health & Welfare Fund is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 231317409.
How many years of IRS 990 filings does Steelworkers Health & Welfare Fund have?
Steelworkers Health & 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 $922.8M in total revenue.
Filing History
IRS 990 filing history for Steelworkers Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steelworkers Health & Welfare Fund's revenue has grown by 64.7%, moving from $537.3M to $885.0M. Total assets increased by 119.2% over the same period, from $48.3M to $105.8M. Total functional expenses rose by 60.6%, from $529.3M to $850.0M. In its most recent filing year (2023), Steelworkers Health & Welfare Fund reported a surplus of $35.0M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $885.0M | $850.0M | $105.8M | $0 | — | — |
| 2022 | $828.9M | $821.0M | $67.3M | $4.7M | — | View 990 |
| 2021 | $820.6M | $814.5M | $75.8M | $4.3M | — | View 990 |
| 2020 | $804.6M | $799.8M | $69.5M | $4.4M | — | View 990 |
| 2019 | $818.7M | $820.3M | $60.3M | $2.9M | — | — |
| 2018 | $817.3M | $810.4M | $57.4M | $3.4M | — | View 990 |
| 2017 | $769.4M | $765.6M | $57.3M | $5.4M | — | View 990 |
| 2016 | $658.9M | $656.6M | $52.7M | $7.7M | — | View 990 |
| 2015 | $661.7M | $660.8M | $46.9M | $6.1M | — | View 990 |
| 2014 | $648.9M | $654.8M | $48.9M | $6.2M | — | View 990 |
| 2013 | $615.2M | $620.8M | $51.9M | $1.7M | — | View 990 |
| 2012 | $564.2M | $559.5M | $53.9M | $1.9M | — | View 990 |
| 2011 | $537.3M | $529.3M | $48.3M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $885.0M, expenses of $850.0M, and assets of $105.8M (revenue +6.8% year-over-year).
- 2022: Revenue of $828.9M, expenses of $821.0M, and assets of $67.3M (revenue +1.0% year-over-year).
- 2021: Revenue of $820.6M, expenses of $814.5M, and assets of $75.8M (revenue +2.0% year-over-year).
- 2020: Revenue of $804.6M, expenses of $799.8M, and assets of $69.5M (revenue -1.7% year-over-year).
- 2019: Revenue of $818.7M, expenses of $820.3M, and assets of $60.3M (revenue +0.2% year-over-year).
- 2018: Revenue of $817.3M, expenses of $810.4M, and assets of $57.4M (revenue +6.2% year-over-year).
- 2017: Revenue of $769.4M, expenses of $765.6M, and assets of $57.3M (revenue +16.8% year-over-year).
- 2016: Revenue of $658.9M, expenses of $656.6M, and assets of $52.7M (revenue -0.4% year-over-year).
- 2015: Revenue of $661.7M, expenses of $660.8M, and assets of $46.9M (revenue +2.0% year-over-year).
- 2014: Revenue of $648.9M, expenses of $654.8M, and assets of $48.9M (revenue +5.5% year-over-year).
- 2013: Revenue of $615.2M, expenses of $620.8M, and assets of $51.9M (revenue +9.0% year-over-year).
- 2012: Revenue of $564.2M, expenses of $559.5M, and assets of $53.9M (revenue +5.0% year-over-year).
- 2011: Revenue of $537.3M, expenses of $529.3M, and assets of $48.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steelworkers Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Steelworkers Health & 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.