Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Health & Welfare Fund is a 501(c)(9) organization based in Worcester, Massachusetts, registered in 1959, with $38,388,034 in FY2023 revenue. CharityIndex grades it B.
330 Sw Cutoff Ste 202, Worcester, MA, 01604 EIN 04-2219623 Since 1959
Revenue (FY2023)
$38.4M
▼ 7.9% vs prior year
Expenses (FY2023)
$32.9M
Net assets
$80.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 Health & 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 →
AFinancial health25% of the rating29 mo reserves · +14% 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 Health & Welfare Fund: 29 mo reserves · +14% 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 Health & 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 →
CTransparency10% of the rating2 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 Health & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 330 Sw Cutoff Ste 202, Worcester, MA, 01604
- City
- Worcester
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $27.0M (FY2013) to $38.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $9.7MNet assets $80.8M
Operating margin
14.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$90.6M
Total liabilities
$9.7M
Net assets
$80.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $38,388,034▼7.9% | $32,907,755▼6.1% | $80,843,953▲12.7% | $90,580,908▲10.1% | 990 |
| 2022 | $41,678,287▲2.4% | $35,039,137▲0.3% | $71,742,854▼2.6% | $82,271,369▼2.1% | 990 |
| 2021 | $40,689,092▲7.4% | $34,942,899▲21.9% | $73,693,633▲9.5% | $84,073,039▲7.5% | 990 |
| 2020 | $37,880,535▲6.9% | $28,673,330▼8.6% | $67,310,228▲22.7% | $78,211,518▲21.9% | 990 |
| 2019 | $35,426,446▲3.0% | $31,372,444▲7.3% | $54,862,279▲16.0% | $64,169,049▲16.9% | 990 |
| 2018 | $34,381,110▲7.0% | $29,248,123▲3.9% | $47,288,201▲5.6% | $54,902,554▲3.1% | 990 |
| 2017 | $32,130,996▲1.9% | $28,142,527▲5.8% | $44,792,119▲16.6% | $53,239,765▲13.0% | 990 |
| 2016 | $31,519,444▲5.7% | $26,611,400▲0.3% | $38,421,861▲19.3% | $47,115,938▲18.0% | 990 |
| 2015 | $29,816,959▲2.0% | $26,522,751▼1.7% | $32,194,212▲6.4% | $39,928,913▲6.6% | 990 |
| 2014 | $29,228,750▲8.3% | $26,970,420▲8.9% | $30,244,066▲8.2% | $37,466,593▲8.5% | 990 |
| 2013 | $27,000,866 | $24,761,729▼2.9% | $27,948,117▲8.3% | $34,517,649▲3.8% | 990 |
| 2012 | — | $25,499,001 | $25,810,543 | $33,244,996 | 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 Health & Welfare Fund a legitimate nonprofit?
- Yes. Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 04-2219623, based in Worcester, Massachusetts.
- What is Health & Welfare Fund's EIN?
- Health & Welfare Fund's Employer Identification Number (EIN) is 04-2219623.
- How much revenue does Health & Welfare Fund report?
- Health & Welfare Fund reported $38,388,034 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Health & Welfare Fund have?
- CharityIndex grades Health & Welfare Fund B, based on financial health (reserves and operating margin).
More nonprofits in Worcester
Explore more
Data for Health & Welfare Fund (EIN 04-2219623) 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.