Local 580-vacation Fund
501(c)(9)
Only null% goes to programs Strong reserves Declining revenue
Local 580-vacation Fund is a 501(c)(9) organization based in New York, New York, registered in 1966, with $32,987,846 in FY2024 revenue. CharityIndex grades it C+.
501 W 42nd St, New York, NY, 10036 EIN 13-2874176 Since 1966
Revenue (FY2024)
$33.0M
▲ 0.2% vs prior year
Expenses (FY2024)
$33.6M
Net assets
$25.0M
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 Local 580-vacation 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 rating9 mo reserves · -2% 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 Local 580-vacation Fund: 9 mo reserves · -2% 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 Local 580-vacation 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 Local 580-vacation 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 $26.0M (FY2013) to $33.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $273KNet assets $25.0M
Operating margin
-1.8%
Spent more than it raised in the latest fiscal year.
Total assets
$25.3M
Total liabilities
$273K
Net assets
$25.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,987,846▲0.2% | $33,566,879▼0.5% | $25,031,046▼2.3% | $25,303,743▼6.2% | 990 |
| 2023 | $32,936,246▼4.1% | $33,722,257▼8.2% | $25,622,049▼2.7% | $26,961,967▲2.3% | 990 |
| 2022 | $34,338,279▼13.6% | $36,736,121▲3.6% | $26,338,593▼8.2% | $26,363,593▼12.0% | 990 |
| 2021 | $39,758,667▲14.1% | $35,453,723▼15.3% | $28,692,324▲17.7% | $29,969,416▲16.3% | 990 |
| 2020 | $34,854,473▼24.3% | $41,844,373▼18.5% | $24,383,939▼22.3% | $25,764,586▼21.5% | 990 |
| 2019 | $46,031,433▼9.5% | $51,331,726▲9.9% | $31,372,599▼14.5% | $32,836,752▼14.2% | 990 |
| 2018 | $50,860,365▲13.2% | $46,719,064▲16.5% | $36,672,878▲12.8% | $38,253,857▲12.4% | 990 |
| 2017 | $44,942,293▲14.5% | $40,094,998▲16.4% | $32,524,347▲17.5% | $34,024,291▲16.4% | 990 |
| 2016 | $39,260,006▲22.1% | $34,443,958▲19.2% | $27,679,744▲21.1% | $29,227,058▲20.3% | 990 |
| 2015 | $32,165,122▲15.3% | $28,892,773▲10.5% | $22,858,999▲16.7% | $24,303,246▲15.8% | 990 |
| 2014 | $27,896,806▲7.3% | $26,152,548▲15.7% | $19,589,410▲9.8% | $20,980,979▲8.8% | 990 |
| 2013 | $25,987,046 | $22,608,845▲24.9% | $17,848,153▲23.3% | $19,277,933▲20.8% | 990 |
| 2012 | — | $18,107,806▲20.5% | $14,469,952▲29.4% | $15,952,951▲27.4% | 990 |
| 2011 | — | $15,021,193▼22.7% | $11,183,356▲24.9% | $12,521,104▲23.3% | 990 |
| 2010 | — | $19,429,746 | $8,954,164 | $10,151,683 | 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 Local 580-vacation Fund a legitimate nonprofit?
- Yes. Local 580-vacation Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-2874176, based in New York, New York.
- What is Local 580-vacation Fund's EIN?
- Local 580-vacation Fund's Employer Identification Number (EIN) is 13-2874176.
- How much revenue does Local 580-vacation Fund report?
- Local 580-vacation Fund reported $32,987,846 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Local 580-vacation Fund have?
- CharityIndex grades Local 580-vacation Fund C+, based on financial health (reserves and operating margin).
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Data for Local 580-vacation Fund (EIN 13-2874176) 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.