Painters District Council 2 Welfare Trust
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Painters District Council 2 Welfare Trust is a 501(c)(9) organization based in Troy, Michigan, registered in 1987, with $32,507,359 in FY2024 revenue. CharityIndex grades it C+.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 23-7099221 Since 1987
Revenue (FY2024)
$32.5M
▲ 7.8% vs prior year
Expenses (FY2024)
$28.5M
Net assets
$70.9M
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 Painters District Council 2 Welfare Trust— 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 rating30 mo reserves · +12% 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 Painters District Council 2 Welfare Trust: 30 mo reserves · +12% 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 Painters District Council 2 Welfare Trust— 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 Painters District Council 2 Welfare Trust: 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 $15.3M (FY2013) to $32.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.6MNet assets $70.9M
Operating margin
12.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$93.5M
Total liabilities
$22.6M
Net assets
$70.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,507,359▲7.8% | $28,468,586▲7.1% | $70,899,889▲5.7% | $93,480,879▲6.9% | 990 |
| 2023 | $30,153,100▲13.5% | $26,585,113▲13.9% | $67,079,181▲8.9% | $87,418,425▲9.4% | 990 |
| 2022 | $26,555,954▲11.5% | $23,338,829▲6.4% | $61,609,214▼11.8% | $79,926,274▼8.2% | 990 |
| 2021 | $23,820,476▲2.8% | $21,924,844▲10.5% | $69,831,880▲6.3% | $87,055,035▲4.0% | 990 |
| 2020 | $23,162,688▲3.5% | $19,841,460▼13.4% | $65,668,075▲11.4% | $83,731,862▲6.9% | 990 |
| 2019 | $22,379,897▲6.7% | $22,918,650▲10.3% | $58,944,633▲9.2% | $78,323,401▲5.9% | 990 |
| 2018 | $20,983,718▼9.6% | $20,785,520▼14.9% | $53,980,263▼5.7% | $73,980,961▼2.4% | 990 |
| 2017 | $23,214,077▲16.2% | $24,432,261▲17.4% | $57,214,827▼0.6% | $75,764,386▲1.1% | 990 |
| 2016 | $19,984,245▲12.0% | $20,815,625▲16.7% | $57,535,645▼4.9% | $74,910,917▲1.3% | 990 |
| 2014 | $17,849,170▲16.8% | $17,836,541▲58.4% | $60,470,314▲1.9% | $73,919,607▲2.6% | 990 |
| 2013 | $15,284,397 | $11,257,451▼45.6% | $59,363,875▲13.4% | $72,015,347▲1.5% | 990 |
| 2012 | — | $20,700,111▲25.1% | $52,360,577▼3.6% | $70,965,712▲4.6% | 990 |
| 2011 | — | $16,543,426▼4.6% | $54,302,164▲0.8% | $67,840,691▼0.2% | 990 |
| 2010 | — | $17,339,217 | $53,872,994 | $67,980,624 | 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 Painters District Council 2 Welfare Trust a legitimate nonprofit?
- Yes. Painters District Council 2 Welfare Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-7099221, based in Troy, Michigan.
- What is Painters District Council 2 Welfare Trust's EIN?
- Painters District Council 2 Welfare Trust's Employer Identification Number (EIN) is 23-7099221.
- How much revenue does Painters District Council 2 Welfare Trust report?
- Painters District Council 2 Welfare Trust reported $32,507,359 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Painters District Council 2 Welfare Trust have?
- CharityIndex grades Painters District Council 2 Welfare Trust C+, based on financial health (reserves and operating margin).
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Data for Painters District Council 2 Welfare Trust (EIN 23-7099221) 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.