Engineers Union Welfare Fund-68 is a 501(c)(9) organization based in West Caldwell, New Jersey, registered in 1953, with $55,993,954 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$56.0M
▲ 9.7% vs prior year
Expenses (FY2023)
$48.8M
Net assets
$96.4M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Engineers Union Welfare Fund-68— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Engineers Union Welfare Fund-68: 24 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
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 Engineers Union Welfare Fund-68— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Engineers Union Welfare Fund-68: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $35.4M (FY2015) to $56.0M (FY2023) across 9 reported years.
Financial snapshot
Operating margin
12.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$97.1M
Total liabilities
$641K
Net assets
$96.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $55,993,954▲9.7% | $48,794,651▲1.8% | $96,422,929▲14.1% | $97,063,434▲13.5% | 990 |
| 2022 | $51,049,697▼2.3% | $47,914,106▼3.8% | $84,523,411▲12.1% | $85,498,966▲12.6% | 990 |
| 2021 | $52,244,589▲1.7% | $49,824,440▲7.5% | $75,415,384▼16.6% | $75,917,948▼16.7% | 990 |
| 2020 | $51,382,573▲12.3% | $46,348,278▲11.8% | $90,477,837▲23.3% | $91,129,642▲23.1% | 990 |
| 2019 | $45,735,495▼3.1% | $41,466,512▼3.9% | $73,366,719▲3.9% | $74,026,875▲3.9% | 990 |
| 2018 | $47,189,551▲14.7% | $43,169,024▼1.8% | $70,612,968▲7.9% | $71,271,797▲8.1% | 990 |
| 2017 | $41,157,838▲6.0% | $43,979,479▲15.0% | $65,471,980▲424% | $65,933,069▲412% | 990 |
| 2016 | $38,819,040▲9.5% | $38,241,555▼4.3% | $12,496,537▲5.1% | $12,873,460▲5.1% | 990 |
| 2015 | $35,439,211 | $39,975,842▲22.9% | $11,889,730▼74.7% | $12,250,675▼74.0% | 990 |
| 2009 | — | $32,535,393 | $47,018,838 | $47,119,799 | 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.
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Data for Engineers Union Welfare Fund-68 (EIN 22-1550500) 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.