New York City Local 246 S E I U Retirees Welfare Benefits Fund
501(c)(9)
Only null% goes to programs Strong reserves
New York City Local 246 S E I U Retirees Welfare Benefits Fund is a 501(c)(9) organization based in New York, New York, registered in 1996, with $3,087,803 in FY2024 revenue. CharityIndex grades it B.
217 Broadway Rm 501, New York, NY, 10007 EIN 13-2864287 Since 1996
Revenue (FY2024)
$3.1M
▲ 17.6% vs prior year
Expenses (FY2024)
$2.9M
Net assets
$5.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 New York City Local 246 S E I U Retirees Welfare Benefits 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 rating24 mo reserves · +6% 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 New York City Local 246 S E I U Retirees Welfare Benefits Fund: 24 mo reserves · +6% 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 New York City Local 246 S E I U Retirees Welfare Benefits 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 New York City Local 246 S E I U Retirees Welfare Benefits Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.0M (FY2013) to $3.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $712KNet assets $5.9M
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.6M
Total liabilities
$712K
Net assets
$5.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,087,803▲17.6% | $2,906,229▼4.8% | $5,920,477▲0.8% | $6,632,121▲7.4% | 990 |
| 2023 | $2,624,876▲13.4% | $3,051,841▲5.0% | $5,875,195▼1.3% | $6,172,596▼1.4% | 990 |
| 2022 | $2,314,279▼27.4% | $2,906,889▲5.6% | $5,950,677▼16.5% | $6,261,910▼15.1% | 990 |
| 2021 | $3,187,109▼4.1% | $2,752,924▲12.5% | $7,128,737▼0.8% | $7,378,826▲0.2% | 990 |
| 2020 | $3,324,041▲24.6% | $2,447,911▼4.1% | $7,183,858▲23.4% | $7,360,900▲22.6% | 990 |
| 2019 | $2,667,829▼5.6% | $2,551,875▲9.1% | $5,820,012▲17.0% | $6,003,981▲16.2% | 990 |
| 2018 | $2,825,398▲19.9% | $2,338,890▲10.5% | $4,975,666▼6.0% | $5,165,615▼6.2% | 990 |
| 2017 | $2,356,585▲12.3% | $2,115,794▼4.0% | $5,291,118▲17.1% | $5,505,714▲16.9% | 990 |
| 2016 | $2,098,440▼2.4% | $2,203,650▲0.4% | $4,518,646▲0.5% | $4,708,835▲0.9% | 990 |
| 2015 | $2,150,204▼9.7% | $2,194,381▲17.8% | $4,497,381▼4.6% | $4,668,667▼4.1% | 990 |
| 2014 | $2,381,228▲21.4% | $1,862,634▲13.1% | $4,714,701▲8.6% | $4,867,383▲8.3% | 990 |
| 2013 | $1,961,717 | $1,646,687▼8.8% | $4,340,671▲7.7% | $4,494,868▲6.5% | 990 |
| 2012 | — | $1,806,501▲10.0% | $4,031,139▲9.1% | $4,218,648▲7.1% | 990 |
| 2011 | — | $1,641,645▲13.9% | $3,694,144▲7.6% | $3,939,541▲9.6% | 990 |
| 2010 | — | $1,440,729 | $3,432,676 | $3,594,842 | 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 New York City Local 246 S E I U Retirees Welfare Benefits Fund a legitimate nonprofit?
- Yes. New York City Local 246 S E I U Retirees Welfare Benefits Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-2864287, based in New York, New York.
- What is New York City Local 246 S E I U Retirees Welfare Benefits Fund's EIN?
- New York City Local 246 S E I U Retirees Welfare Benefits Fund's Employer Identification Number (EIN) is 13-2864287.
- How much revenue does New York City Local 246 S E I U Retirees Welfare Benefits Fund report?
- New York City Local 246 S E I U Retirees Welfare Benefits Fund reported $3,087,803 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does New York City Local 246 S E I U Retirees Welfare Benefits Fund have?
- CharityIndex grades New York City Local 246 S E I U Retirees Welfare Benefits Fund B, based on financial health (reserves and operating margin).
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Data for New York City Local 246 S E I U Retirees Welfare Benefits Fund (EIN 13-2864287) 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.