Industry & Local 338-welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Industry & Local 338-welfare Fund is a 501(c)(9) organization based in Sparks, Maryland, registered in 1953, with $2,886,384 in FY2024 revenue. CharityIndex grades it C+.
911 Ridgebrook Road, Sparks, MD, 21152 EIN 13-1818220 Since 1953
Revenue (FY2024)
$2.9M
▲ 16.4% vs prior year
Expenses (FY2024)
$2.9M
Net assets
$6.4M
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 Industry & Local 338-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 rating27 mo reserves · +0% 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 Industry & Local 338-welfare Fund: 27 mo reserves · +0% 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 Industry & Local 338-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 Industry & Local 338-welfare Fund: 1 of 5 disclosure signals earns a D 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
Financial trends
Revenue declined from $4.9M (FY2013) to $2.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $359KNet assets $6.4M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.8M
Total liabilities
$359K
Net assets
$6.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,886,384▲16.4% | $2,879,774▼10.6% | $6,422,972▲3.2% | $6,782,202▲2.9% | 990 |
| 2023 | $2,480,549▲20.1% | $3,222,009▲27.3% | $6,224,221▼7.6% | $6,591,886▼8.7% | 990 |
| 2022 | $2,064,762▼12.0% | $2,530,193▲5.9% | $6,736,387▼3.9% | $7,218,047▼1.9% | 990 |
| 2021 | $2,347,592▲0.9% | $2,388,172▼4.7% | $7,009,053▼14.1% | $7,355,546▼14.4% | 990 |
| 2020 | $2,325,540▲7.9% | $2,505,508▲1.3% | $8,164,295▲2.4% | $8,589,293▲1.4% | 990 |
| 2019 | $2,155,749▼16.8% | $2,473,713▼1.7% | $7,974,668▼3.3% | $8,466,854▼1.9% | 990 |
| 2018 | $2,591,748▲4.2% | $2,515,870▼9.2% | $8,243,658▲1.6% | $8,632,325▲1.3% | 990 |
| 2017 | $2,487,643▼2.3% | $2,770,623▲57.0% | $8,114,941▼3.3% | $8,522,489▼2.6% | 990 |
| 2016 | $2,545,990▲0.8% | $1,764,676▲13.5% | $8,396,026▲10.2% | $8,752,110▲9.3% | 990 |
| 2015 | $2,524,677▼32.1% | $1,554,599▼32.8% | $7,620,338▲15.6% | $8,007,736▲12.9% | 990 |
| 2014 | $3,717,220▼23.7% | $2,312,417▼34.2% | $6,592,217▲24.0% | $7,091,437▲10.3% | 990 |
| 2013 | $4,872,073 | $3,512,701▼16.1% | $5,316,971▲40.0% | $6,430,748▲26.1% | 990 |
| 2012 | — | $4,186,683▼24.6% | $3,798,028▲29.8% | $5,099,481▲25.6% | 990 |
| 2011 | — | $5,550,414▼4.6% | $2,926,785▼8.9% | $4,060,324▼9.7% | 990 |
| 2009 | — | $5,820,826 | $3,211,977 | $4,496,944 | 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 Industry & Local 338-welfare Fund a legitimate nonprofit?
- Yes. Industry & Local 338-welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-1818220, based in Sparks, Maryland.
- What is Industry & Local 338-welfare Fund's EIN?
- Industry & Local 338-welfare Fund's Employer Identification Number (EIN) is 13-1818220.
- How much revenue does Industry & Local 338-welfare Fund report?
- Industry & Local 338-welfare Fund reported $2,886,384 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Industry & Local 338-welfare Fund have?
- CharityIndex grades Industry & Local 338-welfare Fund C+, based on financial health (reserves and operating margin).
More nonprofits in Sparks
Carpenters Local No 491 Health and Welfare FundBakers Union and Felra Health and Welfare FundSchool Cafeteria Employees Unite Here Local 634 Hlth & Welfare TrstHotel and Restaurant Employees Local 25 and Hotel AssociationPressmen Welfare FundOperating Eng Skill Improvement & Joint Apprenticeship Committee
Explore more
Data for Industry & Local 338-welfare Fund (EIN 13-1818220) 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.