Ibew-654 Health and Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Ibew-654 Health and Welfare Fund is a 501(c)(9) organization based in Mount Laurel, New Jersey, registered in 1963, with $11,137,940 in FY2024 revenue. CharityIndex grades it C+.
27 Roland Ave Ste 200, Mount Laurel, NJ, 08054 EIN 23-1613860 Since 1963
Revenue (FY2024)
$11.1M
▲ 3.8% vs prior year
Expenses (FY2024)
$9.2M
Net assets
$28.6M
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 Ibew-654 Health and 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 rating37 mo reserves · +18% 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 Ibew-654 Health and Welfare Fund: 37 mo reserves · +18% 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 Ibew-654 Health and 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 →
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 Ibew-654 Health and Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 27 Roland Ave Ste 200, Mount Laurel, NJ, 08054
- City
- Mount Laurel
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $6.3M (FY2013) to $11.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $71KNet assets $28.6M
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$28.6M
Total liabilities
$71K
Net assets
$28.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,137,940▲3.8% | $9,186,612▲2.7% | $28,555,034▲11.8% | $28,626,460▲11.9% | 990 |
| 2023 | $10,729,284▲16.9% | $8,948,621▲10.0% | $25,534,032▲13.5% | $25,577,089▲13.2% | 990 |
| 2022 | $9,175,735▼3.7% | $8,131,984▲3.9% | $22,489,081▼2.3% | $22,589,379▼2.3% | 990 |
| 2021 | $9,523,463▲11.0% | $7,827,067▲4.4% | $23,014,352▲14.3% | $23,125,608▲14.7% | 990 |
| 2020 | $8,576,884▼19.7% | $7,493,604▼4.7% | $20,131,329▲10.4% | $20,168,178▲9.0% | 990 |
| 2019 | $10,683,600▲9.2% | $7,859,200▲1.2% | $18,241,098▲26.1% | $18,509,782▲26.1% | 990 |
| 2018 | $9,781,853▲2.8% | $7,766,770▼3.0% | $14,470,341▲14.7% | $14,673,635▲15.8% | 990 |
| 2017 | $9,512,220▲14.4% | $8,007,166▲9.4% | $12,613,881▲17.1% | $12,669,200▲10.4% | 990 |
| 2016 | $8,315,798▼2.2% | $7,321,869▲3.4% | $10,771,494▲11.6% | $11,473,427▲15.0% | 990 |
| 2015 | $8,499,238▲10.7% | $7,080,211▲6.5% | $9,654,439▲16.2% | $9,977,357▲19.5% | 990 |
| 2014 | $7,679,975▲21.8% | $6,646,859▲5.4% | $8,305,496▲15.2% | $8,349,475▲15.2% | 990 |
| 2013 | $6,305,724 | $6,304,221▼1.6% | $7,211,054▲3.1% | $7,249,976▲2.6% | 990 |
| 2012 | — | $6,406,738▲3.2% | $6,997,306▲3.2% | $7,063,220▲3.1% | 990 |
| 2011 | — | $6,205,966▼9.0% | $6,779,322▲7.5% | $6,847,852▲8.1% | 990 |
| 2010 | — | $6,818,685 | $6,306,621 | $6,334,462 | 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 Ibew-654 Health and Welfare Fund a legitimate nonprofit?
- Yes. Ibew-654 Health and Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-1613860, based in Mount Laurel, New Jersey.
- What is Ibew-654 Health and Welfare Fund's EIN?
- Ibew-654 Health and Welfare Fund's Employer Identification Number (EIN) is 23-1613860.
- How much revenue does Ibew-654 Health and Welfare Fund report?
- Ibew-654 Health and Welfare Fund reported $11,137,940 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ibew-654 Health and Welfare Fund have?
- CharityIndex grades Ibew-654 Health and Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Ibew-654 Health and Welfare Fund (EIN 23-1613860) 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.