Building Services Local 2 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Building Services Local 2 Welfare Fund is a 501(c)(9) organization based in Ozone Park, New York, registered in 1958, with $7,405,485 in FY2024 revenue. CharityIndex grades it C+.
8201 Rockaway Blvd Ste 130, Ozone Park, NY, 11416 EIN 11-1831226 Since 1958
Revenue (FY2024)
$7.4M
▲ 14.0% vs prior year
Expenses (FY2024)
$3.7M
Net assets
$28.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Building Services Local 2 Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating91 mo reserves · +50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Building Services Local 2 Welfare Fund: 91 mo reserves · +50% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Building Services Local 2 Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Building Services Local 2 Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 8201 Rockaway Blvd Ste 130, Ozone Park, NY, 11416
- City
- Ozone Park
- State
- New York
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $5.4M (FY2017) to $7.4M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $100KNet assets $28.0M
Operating margin
50.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$28.1M
Total liabilities
$100K
Net assets
$28.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,405,485▲14.0% | $3,700,874▲3.3% | $28,034,539▲17.5% | $28,134,661▲17.6% | 990 |
| 2023 | $6,495,392▲9.6% | $3,582,883▼7.2% | $23,856,871▲20.4% | $23,926,493▲20.6% | 990 |
| 2022 | $5,928,858▼21.0% | $3,861,491▼11.2% | $19,818,139▲1.2% | $19,840,092▲1.2% | 990 |
| 2021 | $7,504,280▲4.1% | $4,350,781▲4.1% | $19,586,094▲12.6% | $19,605,362▲12.6% | 990 |
| 2020 | $7,208,760▲17.2% | $4,180,424▼5.8% | $17,393,354▲28.0% | $17,411,854▲28.0% | 990 |
| 2019 | $6,150,980▲8.0% | $4,436,661▲45.2% | $13,584,759▲15.4% | $13,603,470▲15.2% | 990 |
| 2018 | $5,694,497▲6.2% | $3,055,096▼29.9% | $11,769,204▲24.7% | $11,806,644▲24.8% | 990 |
| 2017 | $5,359,552 | $4,355,822 | $9,441,330 | $9,463,161 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Building Services Local 2 Welfare Fund a legitimate nonprofit?
- Yes. Building Services Local 2 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1831226, based in Ozone Park, New York.
- What is Building Services Local 2 Welfare Fund's EIN?
- Building Services Local 2 Welfare Fund's Employer Identification Number (EIN) is 11-1831226.
- How much revenue does Building Services Local 2 Welfare Fund report?
- Building Services Local 2 Welfare Fund reported $7,405,485 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Building Services Local 2 Welfare Fund have?
- CharityIndex grades Building Services Local 2 Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Building Services Local 2 Welfare Fund (EIN 11-1831226) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.