Metal Trades Branch Local 638 Hospitalization & Welfare Fund
501(c)(9)
98% goes to programs Strong reserves
Metal Trades Branch Local 638 Hospitalization & Welfare Fund is a 501(c)(9) organization based in Long Island City, New York, registered in 1969, with $87,714,667 in FY2023 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
27-08 40th Avenue 2nd Floor, Long Island City, NY, 11101 EIN 13-6211854 Since 1969
Revenue (FY2023)
$87.7M
▲ 7.6% vs prior year
Expenses (FY2023)
$87.9M
Net assets
$48.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs
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. For Metal Trades Branch Local 638 Hospitalization & Welfare Fund: 98% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · -0% 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 Metal Trades Branch Local 638 Hospitalization & Welfare Fund: 7 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Metal Trades Branch Local 638 Hospitalization & Welfare Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Metal Trades Branch Local 638 Hospitalization & Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The fund provides health coverage and other benefits to eligible participants in accordance with the rules and regulations of the fund.
Contact & location
- Address
- 27-08 40th Avenue 2nd Floor, Long Island City, NY, 11101
- City
- Long Island City
- State
- New York
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.2M (FY2019) to $87.7M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $86KNet assets $48.7M
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$48.8M
Total liabilities
$86K
Net assets
$48.7M
Salaries & benefits
$772K
1% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $87,714,667▲7.6% | $87,858,135▲10.8% | $48,674,029▲4.0% | $48,760,171▲4.0% | 990 |
| 2022 | $81,556,463▲3.3% | $79,284,881▲5.1% | $46,816,271▲6.4% | $46,901,845▲6.5% | 990 |
| 2021 | $78,942,359▲2.6% | $75,468,810▲12.4% | $43,983,465▼1.9% | $44,024,681▼1.9% | 990 |
| 2020 | $76,949,760▲8.0% | $67,114,137▼2.2% | $44,852,297▲38.3% | $44,890,910▲38.2% | 990 |
| 2019 | $71,231,564 | $68,605,182 | $32,431,675 | $32,478,112 | 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.
Leadership & compensation (FY2023)
Highest-paid: James C White — $58,378 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James C White | Assistant Administrator | 8 | $58,378 |
| Sean Driscoll | It Director | 5 | $27,974 |
| William J Turnbull | Executive Administtrator | 2 | $22,227 |
| James Ippolito | Assistant Administrator | 1 | $8,705 |
| Anthony Saporito | Trustee | 2 | — |
| Brain Kearney Jr | Trustee | 2 | — |
| Clifford Johnsen | Trustee | 2 | — |
| Daniel Knights | Education Director | — | — |
| Daniel Steffen | Trustee | 2 | — |
| Jason Grecco | Education Instructor | — | — |
| Jerome Morreale | Trustee | 2 | — |
| Matthew Pizzo | Education Instructor | — | — |
| Robert Bartels Jr | Trustee | 2 | — |
| Scott Berger | Trustee | 2 | — |
| Sean Dolan | Trustee | 2 | — |
| Steven Cuadra | Education Director | — | — |
| Steven Powers | Education Instructor | — | — |
Frequently asked questions
- Is Metal Trades Branch Local 638 Hospitalization & Welfare Fund a legitimate nonprofit?
- Yes. Metal Trades Branch Local 638 Hospitalization & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-6211854, based in Long Island City, New York.
- What is Metal Trades Branch Local 638 Hospitalization & Welfare Fund's EIN?
- Metal Trades Branch Local 638 Hospitalization & Welfare Fund's Employer Identification Number (EIN) is 13-6211854.
- How much revenue does Metal Trades Branch Local 638 Hospitalization & Welfare Fund report?
- Metal Trades Branch Local 638 Hospitalization & Welfare Fund reported $87,714,667 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Metal Trades Branch Local 638 Hospitalization & Welfare Fund's spending goes to programs?
- Metal Trades Branch Local 638 Hospitalization & Welfare Fund spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Metal Trades Branch Local 638 Hospitalization & Welfare Fund have?
- CharityIndex grades Metal Trades Branch Local 638 Hospitalization & Welfare Fund A+, based on program efficiency and fundraising cost.
- How much does Metal Trades Branch Local 638 Hospitalization & Welfare Fund's highest-paid employee make?
- The highest reported compensation on Metal Trades Branch Local 638 Hospitalization & Welfare Fund's latest Form 990 is $58,378, paid to James C White (Assistant Administrator).
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Data for Metal Trades Branch Local 638 Hospitalization & Welfare Fund (EIN 13-6211854) 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.