Iron Works Tri-state Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Iron Works Tri-state Welfare Fund is a 501(c)(9) organization based in Schaumburg, Illinois, registered in 1955, with $31,630,018 in FY2024 revenue. CharityIndex grades it B.
20 N Martingale Rd Ste 290, Schaumburg, IL, 60173 EIN 36-6599036 Since 1955
Revenue (FY2024)
$31.6M
▲ 13.9% vs prior year
Expenses (FY2024)
$33.0M
Net assets
$65.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Works Tri-state 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 →
B+Financial health25% of the rating24 mo reserves · -4% 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 Works Tri-state Welfare Fund: 24 mo reserves · -4% margin earns a B+ 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 Works Tri-state 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 Iron Works Tri-state Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 20 N Martingale Rd Ste 290, Schaumburg, IL, 60173
- City
- Schaumburg
- State
- Illinois
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $14.0M (FY2013) to $31.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $623KNet assets $65.9M
Operating margin
-4.4%
Spent more than it raised in the latest fiscal year.
Total assets
$66.5M
Total liabilities
$623K
Net assets
$65.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $31,630,018▲13.9% | $33,024,449▲16.1% | $65,895,769▲0.4% | $66,518,329▲0.5% | 990 |
| 2023 | $27,766,746▲0.2% | $28,451,884▼3.7% | $65,648,439▲2.9% | $66,195,723▲2.6% | 990 |
| 2022 | $27,715,920▼8.9% | $29,547,063▼1.8% | $63,802,039▼11.5% | $64,508,681▼11.8% | 990 |
| 2021 | $30,413,743▲7.7% | $30,088,675▲25.7% | $72,085,673▲7.3% | $73,165,377▲7.4% | 990 |
| 2020 | $28,239,583▼1.3% | $23,945,470▼12.3% | $67,159,792▲13.0% | $68,112,789▲13.3% | 990 |
| 2019 | $28,598,178▲6.9% | $27,315,928▲15.8% | $59,448,180▲8.0% | $60,098,687▲7.8% | 990 |
| 2018 | $26,757,235▲7.3% | $23,580,977▼0.9% | $55,060,332▲2.6% | $55,765,701▲2.7% | 990 |
| 2017 | $24,940,197▲9.4% | $23,786,850▲3.1% | $53,672,063▲8.5% | $54,293,745▲7.9% | 990 |
| 2016 | $22,804,538▲28.8% | $23,075,931▲36.9% | $49,474,893▲2.4% | $50,297,269▲2.9% | 990 |
| 2015 | $17,710,537▲3.7% | $16,860,017▲14.2% | $48,309,241▲6.4% | $48,900,752▲6.2% | 990 |
| 2014 | $17,079,319▲21.6% | $14,766,705▲2.1% | $45,387,027▲8.2% | $46,039,116▲8.9% | 990 |
| 2013 | $14,043,113 | $14,469,630▼1.6% | $41,950,435▲3.5% | $42,288,736▲3.3% | 990 |
| 2012 | — | $14,701,173▲8.9% | $40,546,269▲15.5% | $40,923,034▲15.5% | 990 |
| 2011 | — | $13,497,363▼10.5% | $35,106,442▲5.0% | $35,428,409▲4.9% | 990 |
| 2010 | — | $15,074,123 | $33,439,554 | $33,775,907 | 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 Works Tri-state Welfare Fund a legitimate nonprofit?
- Yes. Iron Works Tri-state Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 36-6599036, based in Schaumburg, Illinois.
- What is Iron Works Tri-state Welfare Fund's EIN?
- Iron Works Tri-state Welfare Fund's Employer Identification Number (EIN) is 36-6599036.
- How much revenue does Iron Works Tri-state Welfare Fund report?
- Iron Works Tri-state Welfare Fund reported $31,630,018 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iron Works Tri-state Welfare Fund have?
- CharityIndex grades Iron Works Tri-state Welfare Fund B, based on financial health (reserves and operating margin).
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Data for Iron Works Tri-state Welfare Fund (EIN 36-6599036) 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.