Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund is a 501(c)(9) organization based in Hempstead, New York, registered in 1951, with $38,503,840 in FY2023 revenue. CharityIndex grades it C+.
681 Fulton Ave 2nd Floor, Hempstead, NY, 11550 EIN 11-1628171 Since 1951
Revenue (FY2023)
$38.5M
▲ 4.5% vs prior year
Expenses (FY2023)
$36.9M
Net assets
$48.4M
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 Laborers Union-1298 of Nassau and Suffolk Counties 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 rating16 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 Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund: 16 mo reserves · +4% 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 Laborers Union-1298 of Nassau and Suffolk Counties 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 Laborers Union-1298 of Nassau and Suffolk Counties 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 $18.6M (FY2013) to $38.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $510KNet assets $48.4M
Operating margin
4.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$48.9M
Total liabilities
$510K
Net assets
$48.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $38,503,840▲4.5% | $36,866,234▲17.2% | $48,363,944▲6.6% | $48,874,436▲6.0% | 990 |
| 2022 | $36,832,708▲10.1% | $31,459,007▼10.1% | $45,358,982▲15.8% | $46,114,708▲16.9% | 990 |
| 2021 | $33,460,877▼1.8% | $34,985,498▲2.8% | $39,163,301▼8.0% | $39,440,180▼7.9% | 990 |
| 2020 | $34,074,856▲8.9% | $34,031,806▲14.5% | $42,573,244▲0.1% | $42,836,410▲0.6% | 990 |
| 2019 | $31,281,771▲0.8% | $29,732,316▼1.0% | $42,524,533▲5.6% | $42,569,580▲5.6% | 990 |
| 2018 | $31,042,818▲18.8% | $30,039,243▲18.7% | $40,272,365▼1.1% | $40,301,826▼1.3% | 990 |
| 2017 | $26,131,565▲10.7% | $25,308,696▲12.3% | $40,725,495▲4.5% | $40,841,467▲3.9% | 990 |
| 2016 | $23,598,313▲3.1% | $22,539,612▲6.0% | $38,972,223▲5.9% | $39,290,029▲5.6% | 990 |
| 2015 | $22,879,956▲9.3% | $21,263,613▼2.5% | $36,795,779▲4.7% | $37,198,730▲4.8% | 990 |
| 2014 | $20,925,289▲12.4% | $21,807,422▲6.1% | $35,155,579▼1.6% | $35,494,443▼1.0% | 990 |
| 2013 | $18,613,809 | $20,551,891▲19.1% | $35,719,975▼2.1% | $35,856,774▼2.0% | 990 |
| 2012 | — | $17,255,706▲6.3% | $36,469,707▲4.5% | $36,574,286▲3.9% | 990 |
| 2011 | — | $16,232,415▼0.3% | $34,887,384▲5.8% | $35,213,609▲5.9% | 990 |
| 2010 | — | $16,289,009▲9.9% | $32,989,053▲7.9% | $33,260,115▲8.1% | 990 |
| 2009 | — | $14,825,594 | $30,562,163 | $30,770,924 | 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 Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund a legitimate nonprofit?
- Yes. Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1628171, based in Hempstead, New York.
- What is Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund's EIN?
- Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund's Employer Identification Number (EIN) is 11-1628171.
- How much revenue does Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund report?
- Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund reported $38,503,840 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund have?
- CharityIndex grades Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Laborers Union-1298 of Nassau and Suffolk Counties Welfare Fund (EIN 11-1628171) 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.