Iron Workers-8 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Iron Workers-8 Welfare Fund is a 501(c)(9) organization based in Oak Brook, Illinois, registered in 1958, with $23,026,968 in FY2024 revenue. CharityIndex grades it C+.
625 Enterprise Dr, Oak Brook, IL, 60523 EIN 39-0855190 Since 1958
Revenue (FY2024)
$23.0M
▲ 8.8% vs prior year
Expenses (FY2024)
$20.8M
Net assets
$51.3M
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 Iron Workers-8 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 rating30 mo reserves · +10% 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 Iron Workers-8 Welfare Fund: 30 mo reserves · +10% 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 Iron Workers-8 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 Iron Workers-8 Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $14.1M (FY2013) to $23.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6MNet assets $51.3M
Operating margin
9.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$52.9M
Total liabilities
$1.6M
Net assets
$51.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,026,968▲8.8% | $20,791,908▲3.3% | $51,304,468▲6.0% | $52,948,314▲3.3% | 990 |
| 2023 | $21,162,693▲12.7% | $20,119,636▼2.5% | $48,383,633▲8.2% | $51,246,387▲8.6% | 990 |
| 2022 | $18,782,571▼7.7% | $20,642,231▲27.1% | $44,731,153▼6.7% | $47,199,363▼4.2% | 990 |
| 2021 | $20,356,185▲25.3% | $16,239,801▲21.9% | $47,921,044▼6.4% | $49,277,727▼6.5% | 990 |
| 2020 | $16,246,941▲1.0% | $13,326,668▼6.9% | $51,183,987▲13.4% | $52,730,192▲14.1% | 990 |
| 2019 | $16,080,708▼2.8% | $14,307,160▲4.6% | $45,133,285▲10.1% | $46,222,246▲8.6% | 990 |
| 2018 | $16,547,165▲3.2% | $13,675,066▼11.9% | $40,994,931▲8.2% | $42,577,925▲7.5% | 990 |
| 2017 | $16,038,887▼1.3% | $15,525,084▲6.0% | $37,876,049▲2.2% | $39,625,666▲3.9% | 990 |
| 2016 | $16,257,191▲3.9% | $14,641,618▲11.3% | $37,058,794▲7.6% | $38,127,377▲6.3% | 990 |
| 2015 | $15,653,093▲7.3% | $13,155,515▲4.2% | $34,425,380▲6.3% | $35,859,849▲8.8% | 990 |
| 2014 | $14,584,928▲3.6% | $12,621,014▲15.0% | $32,397,841▲8.3% | $32,951,658▲8.0% | 990 |
| 2013 | $14,083,324 | $10,976,485▼5.8% | $29,917,890▲16.8% | $30,515,458▲15.4% | 990 |
| 2012 | — | $11,652,154▲4.7% | $25,616,751▲8.3% | $26,441,549▲6.5% | 990 |
| 2011 | — | $11,123,848▼8.2% | $23,660,330▲2.8% | $24,825,058▲3.0% | 990 |
| 2010 | — | $12,121,004▼15.5% | $23,014,336▲10.4% | $24,111,368▲9.0% | 990 |
| 2009 | — | $14,338,112 | $20,841,441 | $22,117,484 | 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 Iron Workers-8 Welfare Fund a legitimate nonprofit?
- Yes. Iron Workers-8 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 39-0855190, based in Oak Brook, Illinois.
- What is Iron Workers-8 Welfare Fund's EIN?
- Iron Workers-8 Welfare Fund's Employer Identification Number (EIN) is 39-0855190.
- How much revenue does Iron Workers-8 Welfare Fund report?
- Iron Workers-8 Welfare Fund reported $23,026,968 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iron Workers-8 Welfare Fund have?
- CharityIndex grades Iron Workers-8 Welfare Fund C+, based on financial health (reserves and operating margin).
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Explore more
Data for Iron Workers-8 Welfare Fund (EIN 39-0855190) 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.