Plumbers-112 Welfare Plan
501(c)(9)
Only null% goes to programs Strong reserves
Plumbers-112 Welfare Plan is a 501(c)(9) organization based in Binghamton, New York, registered in 1963, with $9,136,959 in FY2024 revenue. CharityIndex grades it B.
11 Griswold St, Binghamton, NY, 13904 EIN 16-6053348 Since 1963
Revenue (FY2024)
$9.1M
▼ 0.8% vs prior year
Expenses (FY2024)
$8.3M
Net assets
$14.6M
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 Plumbers-112 Welfare Plan— 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 rating21 mo reserves · +10% 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 Plumbers-112 Welfare Plan: 21 mo reserves · +10% 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 Plumbers-112 Welfare Plan— 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 Plumbers-112 Welfare Plan: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 11 Griswold St, Binghamton, NY, 13904
- City
- Binghamton
- State
- New York
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $6.7M (FY2013) to $9.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $112KNet assets $14.6M
Operating margin
9.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.7M
Total liabilities
$112K
Net assets
$14.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,136,959▼0.8% | $8,260,399▲1.7% | $14,624,076▲8.6% | $14,735,601▲7.0% | 990 |
| 2023 | $9,212,512▲5.0% | $8,120,985▲11.1% | $13,465,876▲13.8% | $13,766,152▲14.5% | 990 |
| 2022 | $8,774,738▼1.8% | $7,310,770▼0.6% | $11,831,869▲4.0% | $12,026,887▼0.2% | 990 |
| 2021 | $8,933,795▲18.0% | $7,357,651▲18.1% | $11,374,356▲14.8% | $12,054,683▲20.9% | 990 |
| 2020 | $7,570,894▼2.6% | $6,228,197▼3.3% | $9,906,496▲21.5% | $9,969,250▲21.2% | 990 |
| 2019 | $7,775,405▲2.6% | $6,442,776▲11.1% | $8,156,373▲25.1% | $8,227,787▲24.2% | 990 |
| 2018 | $7,575,585▲3.6% | $5,796,762▼15.6% | $6,520,849▲36.0% | $6,624,385▲36.3% | 990 |
| 2017 | $7,310,576▲14.1% | $6,865,174▼20.5% | $4,796,225▲11.8% | $4,858,646▲11.5% | 990 |
| 2016 | $6,405,058▲1.5% | $8,639,373▲43.7% | $4,289,110▼34.0% | $4,358,811▼33.7% | 990 |
| 2015 | $6,310,919▼9.9% | $6,010,729▼19.6% | $6,497,551▲2.2% | $6,575,139▲1.8% | 990 |
| 2014 | $7,002,342▲4.9% | $7,475,801▲17.6% | $6,358,371▼6.4% | $6,457,332▼6.3% | 990 |
| 2013 | $6,678,233 | $6,357,056▲17.1% | $6,793,741▲3.7% | $6,889,557▲3.8% | 990 |
| 2012 | — | $5,429,097▲9.6% | $6,549,523▲17.5% | $6,635,214▲17.2% | 990 |
| 2011 | — | $4,955,159▼15.4% | $5,572,397▲31.5% | $5,660,282▲28.5% | 990 |
| 2010 | — | $5,856,271 | $4,237,316 | $4,406,372 | 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 Plumbers-112 Welfare Plan a legitimate nonprofit?
- Yes. Plumbers-112 Welfare Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 16-6053348, based in Binghamton, New York.
- What is Plumbers-112 Welfare Plan's EIN?
- Plumbers-112 Welfare Plan's Employer Identification Number (EIN) is 16-6053348.
- How much revenue does Plumbers-112 Welfare Plan report?
- Plumbers-112 Welfare Plan reported $9,136,959 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers-112 Welfare Plan have?
- CharityIndex grades Plumbers-112 Welfare Plan B, based on financial health (reserves and operating margin).
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Data for Plumbers-112 Welfare Plan (EIN 16-6053348) 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.