Plumbers & Pipefitters-172 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Plumbers & Pipefitters-172 Welfare Fund is a 501(c)(9) organization based in Oak Brook, Illinois, registered in 1961, with $12,300,573 in FY2024 revenue. CharityIndex grades it C+.
625 Enterprise Dr, Oak Brook, IL, 60523 EIN 35-6022383 Since 1961
Revenue (FY2024)
$12.3M
▲ 9.9% vs prior year
Expenses (FY2024)
$11.9M
Net assets
$21.2M
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 Plumbers & Pipefitters-172 Welfare 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 rating21 mo reserves · +3% 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 & Pipefitters-172 Welfare Fund: 21 mo reserves · +3% 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 & Pipefitters-172 Welfare Fund— 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 Plumbers & Pipefitters-172 Welfare Fund: 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 $6.2M (FY2013) to $12.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $913KNet assets $21.2M
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$22.2M
Total liabilities
$913K
Net assets
$21.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,300,573▲9.9% | $11,901,683▲32.3% | $21,242,593▲6.9% | $22,155,513▲7.7% | 990 |
| 2023 | $11,196,285▲10.5% | $8,996,380▲3.1% | $19,868,564▲19.9% | $20,574,586▲23.8% | 990 |
| 2022 | $10,131,517▲4.8% | $8,723,275▲9.4% | $16,568,533▲1.8% | $16,620,734▲1.2% | 990 |
| 2021 | $9,663,834▲9.8% | $7,972,464▼7.5% | $16,279,690▲10.3% | $16,426,667▲7.3% | 990 |
| 2020 | $8,804,527▼2.9% | $8,621,964▼0.4% | $14,757,867▲7.9% | $15,312,075▲9.4% | 990 |
| 2019 | $9,065,523▼1.9% | $8,660,606▼0.5% | $13,681,652▲8.0% | $14,000,794▲9.4% | 990 |
| 2018 | $9,242,468▲2.3% | $8,703,250▼4.2% | $12,673,902▲5.4% | $12,793,128▲4.6% | 990 |
| 2017 | $9,037,788▲5.3% | $9,086,926▲15.9% | $12,019,544▲1.1% | $12,226,582▼1.3% | 990 |
| 2016 | $8,586,971▲12.2% | $7,843,526▲1.4% | $11,889,845▲10.6% | $12,387,166▲14.1% | 990 |
| 2015 | $7,653,657▲13.0% | $7,735,967▲35.6% | $10,753,074▼3.6% | $10,852,674▼3.2% | 990 |
| 2014 | $6,774,824▲8.5% | $5,705,119▲5.8% | $11,154,813▲13.6% | $11,210,448▲13.4% | 990 |
| 2013 | $6,246,429 | $5,391,932▲7.4% | $9,822,285▲12.9% | $9,881,903▲12.1% | 990 |
| 2012 | — | $5,021,869▼11.2% | $8,703,086▲31.4% | $8,817,448▲31.2% | 990 |
| 2011 | — | $5,656,704▼22.6% | $6,624,932▲9.9% | $6,718,313▲10.6% | 990 |
| 2010 | — | $7,303,993 | $6,027,486 | $6,072,083 | 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 & Pipefitters-172 Welfare Fund a legitimate nonprofit?
- Yes. Plumbers & Pipefitters-172 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 35-6022383, based in Oak Brook, Illinois.
- What is Plumbers & Pipefitters-172 Welfare Fund's EIN?
- Plumbers & Pipefitters-172 Welfare Fund's Employer Identification Number (EIN) is 35-6022383.
- How much revenue does Plumbers & Pipefitters-172 Welfare Fund report?
- Plumbers & Pipefitters-172 Welfare Fund reported $12,300,573 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers & Pipefitters-172 Welfare Fund have?
- CharityIndex grades Plumbers & Pipefitters-172 Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers & Pipefitters-172 Welfare Fund (EIN 35-6022383) 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.