Garage & Parking Lot Employees Welfare Fund Local 700
501(c)(9)
Only null% goes to programs Strong reserves
Garage & Parking Lot Employees Welfare Fund Local 700 is a 501(c)(9) organization based in Philadelphia, Pennsylvania, registered in 1961, with $155,279 in FY2023 revenue. CharityIndex grades it C+.
1211 Chestnut St Ste 810, Philadelphia, PA, 19107 EIN 23-6390783 Since 1961
Revenue (FY2023)
$155K
▼ 0.3% vs prior year
Expenses (FY2023)
$102K
Net assets
$418K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
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 →—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 Garage & Parking Lot Employees Welfare Fund Local 700— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating49 mo reserves · +34% 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 Garage & Parking Lot Employees Welfare Fund Local 700: 49 mo reserves · +34% margin earns a A 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 Garage & Parking Lot Employees Welfare Fund Local 700— 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 Garage & Parking Lot Employees Welfare Fund Local 700: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1211 Chestnut St Ste 810, Philadelphia, PA, 19107
- City
- Philadelphia
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $375K (FY2018) to $155K (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $8,667Net assets $418K
Operating margin
34.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$427K
Total liabilities
$8,667
Net assets
$418K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $155,279▼0.3% | $101,926▲8.9% | $418,027▲14.6% | $426,694▲14.3% | 990 |
| 2022 | $155,709▲40.6% | $93,602▼18.8% | $364,674▲20.5% | $373,341▲23.4% | 990 |
| 2021 | $110,736▼30.1% | $115,205▼36.5% | $302,567▼9.0% | $302,567▼9.7% | 990 |
| 2020 | $158,418▼25.4% | $181,421▼42.8% | $332,573▼6.5% | $335,126▼6.4% | 990 |
| 2019 | $212,353▼43.3% | $317,268▼28.2% | $355,576▼22.8% | $358,129▼22.4% | 990 |
| 2018 | $374,822 | $441,679 | $460,491 | $461,541 | 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 Garage & Parking Lot Employees Welfare Fund Local 700 a legitimate nonprofit?
- Yes. Garage & Parking Lot Employees Welfare Fund Local 700 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-6390783, based in Philadelphia, Pennsylvania.
- What is Garage & Parking Lot Employees Welfare Fund Local 700's EIN?
- Garage & Parking Lot Employees Welfare Fund Local 700's Employer Identification Number (EIN) is 23-6390783.
- How much revenue does Garage & Parking Lot Employees Welfare Fund Local 700 report?
- Garage & Parking Lot Employees Welfare Fund Local 700 reported $155,279 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Garage & Parking Lot Employees Welfare Fund Local 700 have?
- CharityIndex grades Garage & Parking Lot Employees Welfare Fund Local 700 C+, based on financial health (reserves and operating margin).
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Data for Garage & Parking Lot Employees Welfare Fund Local 700 (EIN 23-6390783) 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.