Local 7 Tile Industry Welfare Fund Tr
Only null% goes to programs Strong reserves
Local 7 Tile Industry Welfare Fund Tr is a 501(c)(9) organization based in New York, New York, registered in 2006, with $29,192,380 in FY2024 revenue. CharityIndex grades it C+.
1040 Avenue of the Americas, New York, NY, 10018 EIN 38-6829766 Since 2006
Revenue (FY2024)
$29.2M
▲ 9.3% vs prior year
Membership median: $185K
Expenses (FY2024)
$31.8M
Net assets
$16.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 7 Tile Industry Welfare Fund Tr— 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 rating6 mo reserves · -9% 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 7 Tile Industry Welfare Fund Tr: 6 mo reserves · -9% 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 Local 7 Tile Industry Welfare Fund Tr— 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 7 Tile Industry Welfare Fund Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1040 Avenue of the Americas, New York, NY, 10018
- City
- New York
- State
- New York
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
Financial trends
Revenue grew from $21.5M (FY2013) to $29.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $145KNet assets $16.4M
Operating margin
-8.8%
Spent more than it raised in the latest fiscal year.
Total assets
$16.5M
Total liabilities
$145K
Net assets
$16.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $29,192,380▲9.3% | $31,757,168▼2.0% | $16,358,774▼7.9% | $16,504,184▼13.8% | 990 |
| 2023 | $26,713,465▼21.3% | $32,389,095▼3.4% | $17,758,482▼19.2% | $19,156,887▼17.7% | 990 |
| 2022 | $33,957,189▲18.6% | $33,526,914▼4.9% | $21,968,220▼7.0% | $23,274,077▼7.5% | 990 |
| 2021 | $28,639,633▲10.9% | $35,253,740▼10.5% | $23,610,769▼14.8% | $25,157,538▼11.9% | 990 |
| 2020 | $25,814,756▼36.5% | $39,381,753▲11.3% | $27,727,885▼29.3% | $28,566,166▼28.4% | 990 |
| 2019 | $40,669,180▲18.3% | $35,386,483▲7.9% | $39,243,523▲27.3% | $39,920,685▲26.7% | 990 |
| 2018 | $34,366,774▲14.1% | $32,782,302▲16.8% | $30,837,278▲4.5% | $31,505,781▲3.2% | 990 |
| 2017 | $30,122,514▲0.9% | $28,066,940▲3.1% | $29,516,043▲13.7% | $30,526,148▲14.8% | 990 |
| 2016 | $29,848,024▲7.3% | $27,226,726▲15.4% | $25,953,300▲14.2% | $26,591,837▲14.0% | 990 |
| 2015 | $27,808,491▲32.7% | $23,594,419▲5.9% | $22,724,576▲22.8% | $23,334,827▲21.7% | 990 |
| 2014 | $20,960,404▼2.4% | $22,277,942▲5.3% | $18,510,504▼6.6% | $19,170,250▼6.7% | 990 |
| 2013 | $21,468,225 | $21,164,232▲12.4% | $19,828,042▲1.6% | $20,552,208▲1.5% | 990 |
| 2012 | — | $18,835,411▲3.1% | $19,524,049▼0.1% | $20,243,333▲0.8% | 990 |
| 2011 | — | $18,268,356▼17.4% | $19,544,996▲21.3% | $20,092,113▲20.8% | 990 |
| 2010 | — | $22,103,783 | $16,106,607 | $16,636,371 | 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.
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Compare Local 7 Tile Industry Welfare Fund Tr
Frequently asked questions
- Is Local 7 Tile Industry Welfare Fund Tr a legitimate nonprofit?
- Yes. Local 7 Tile Industry Welfare Fund Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-6829766, based in New York, New York.
- What is Local 7 Tile Industry Welfare Fund Tr's EIN?
- Local 7 Tile Industry Welfare Fund Tr's Employer Identification Number (EIN) is 38-6829766.
- How much revenue does Local 7 Tile Industry Welfare Fund Tr report?
- Local 7 Tile Industry Welfare Fund Tr reported $29,192,380 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Local 7 Tile Industry Welfare Fund Tr have?
- CharityIndex grades Local 7 Tile Industry Welfare Fund Tr C+, based on financial health (reserves and operating margin).
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Data for Local 7 Tile Industry Welfare Fund Tr (EIN 38-6829766) 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.