Health & Welfare Fund-485 is a 501(c)(9) organization based in Columbia, Maryland, registered in 1964, with $737,174 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$737K
▲ 33.4% vs prior year
Expenses (FY2024)
$1.1M
Net assets
$8.9M
Employees
—
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-485— 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 Health & Welfare Fund-485: 100 mo reserves · -45% margin earns a D 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 Health & Welfare Fund-485— 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 Health & Welfare Fund-485: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $1.7M (FY2013) to $737K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-45.4%
Spent more than it raised in the latest fiscal year.
Total assets
$9.1M
Total liabilities
$142K
Net assets
$8.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $737,174▲33.4% | $1,072,204▲1.3% | $8,932,348▲6.0% | $9,073,960▲6.0% | 990 |
| 2023 | $552,783▼59.8% | $1,057,997▲32.0% | $8,426,855▼3.8% | $8,560,421▼3.9% | 990 |
| 2022 | $1,375,407▼49.7% | $801,244▼73.5% | $8,759,958▲62.6% | $8,912,237▲63.8% | 990 |
| 2021 | $2,734,388▼2.6% | $3,021,305▲50.5% | $5,388,744▼15.2% | $5,440,145▼15.1% | 990 |
| 2020 | $2,806,977▲4.6% | $2,007,710▲9.7% | $6,354,963▲19.6% | $6,408,329▲19.8% | 990 |
| 2019 | $2,683,290▼5.4% | $1,830,576▼27.9% | $5,313,720▲21.5% | $5,349,702▲21.2% | 990 |
| 2018 | $2,837,590▲9.1% | $2,539,024▲24.1% | $4,374,305▲9.6% | $4,413,455▲9.4% | 990 |
| 2017 | $2,601,309▼0.3% | $2,046,041▼13.4% | $3,992,307▲15.3% | $4,032,691▲15.7% | 990 |
| 2016 | $2,609,082▲17.0% | $2,361,335▲13.2% | $3,461,294▲9.7% | $3,485,055▲9.6% | 990 |
| 2015 | $2,229,402▲15.7% | $2,085,391▲43.2% | $3,154,944▲5.1% | $3,181,011▲5.4% | 990 |
| 2014 | $1,927,042▲13.8% | $1,456,614▼12.4% | $3,000,652▲20.4% | $3,019,440▲20.1% | 990 |
| 2013 | $1,693,421 | $1,663,432▲39.6% | $2,493,031▲4.8% | $2,515,033▲5.0% | 990 |
| 2012 | — | $1,191,281▼8.9% | $2,378,881▲28.1% | $2,394,481▲28.0% | 990 |
| 2011 | — | $1,307,942 | $1,856,423 | $1,870,686 | 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 Health & Welfare Fund-485 (EIN 11-2026238) 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.