General Building Laborers-66 Welfare Fund is a 501(c)(9) organization based in Melville, New York, registered in 1952, with $18,281,564 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$18.3M
▲ 11.7% vs prior year
Expenses (FY2024)
$17.1M
Net assets
$37.4M
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 General Building Laborers-66 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 →
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 General Building Laborers-66 Welfare Fund: 26 mo reserves · +6% 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 General Building Laborers-66 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 →
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 General Building Laborers-66 Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $15.3M (FY2013) to $18.3M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
6.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$41.7M
Total liabilities
$4.2M
Net assets
$37.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18,281,564▲11.7% | $17,123,370▲20.2% | $37,433,076▲6.4% | $41,664,532▼15.8% | 990 |
| 2023 | $16,366,601▲5.1% | $14,245,638▲6.8% | $35,169,377▲15.0% | $49,459,057▲41.6% | 990 |
| 2022 | $15,570,379▼8.8% | $13,333,606▼17.1% | $30,586,491▲16.5% | $34,929,679▲12.5% | 990 |
| 2021 | $17,072,064▲8.3% | $16,079,820▲16.5% | $26,253,009▼6.0% | $31,050,250▼3.8% | 990 |
| 2020 | $15,765,792▼0.5% | $13,803,078▲4.9% | $27,925,427▲16.6% | $32,285,646▲16.4% | 990 |
| 2019 | $15,838,437▼9.5% | $13,154,820▼7.8% | $23,956,587▲17.9% | $27,733,131▲13.8% | 990 |
| 2018 | $17,503,504▲2.9% | $14,261,608▲2.0% | $20,326,210▲26.0% | $24,368,060▲15.7% | 990 |
| 2017 | $17,006,631▼5.8% | $13,982,301▼14.3% | $16,134,297▲20.7% | $21,069,733▲15.7% | 990 |
| 2016 | $18,060,184▲4.1% | $16,322,355▼0.3% | $13,370,044▲20.4% | $18,206,291▲10.8% | 990 |
| 2015 | $17,351,374▲6.2% | $16,369,620▲9.6% | $11,100,470▲11.6% | $16,432,686▼0.8% | 990 |
| 2014 | $16,338,975▲7.1% | $14,940,723▲2.2% | $9,943,929▲18.7% | $16,564,106▲16.9% | 990 |
| 2013 | $15,256,656 | $14,612,498▲2.4% | $8,377,942▲18.0% | $14,164,587▲9.8% | 990 |
| 2012 | — | $14,275,154▼3.0% | $7,102,543▼1.3% | $12,899,038▲3.0% | 990 |
| 2011 | — | $14,709,074▲11.5% | $7,195,265▼16.4% | $12,526,949▼5.8% | 990 |
| 2010 | — | $13,187,637 | $8,606,869 | $13,291,625 | 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 General Building Laborers-66 Welfare Fund (EIN 11-1627279) 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.