Plumbers & Pipefitters Local 188 Health & Welfare Fund is a 501(c)(9) organization based in Fleming Island, Florida, registered in 1969, with $5,840,259 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$5.8M
▲ 15.7% vs prior year
Expenses (FY2024)
$5.9M
Net assets
$5.2M
Employees
—
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 →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 Local 188 Health & 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 →
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 Local 188 Health & Welfare Fund: 10 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
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 Local 188 Health & 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 →
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 Local 188 Health & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $4.0M (FY2014) to $5.8M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$5.2M
Total liabilities
$16K
Net assets
$5.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,840,259▲15.7% | $5,928,453▲64.2% | $5,159,804▲0.1% | $5,175,609 | 990 |
| 2023 | $5,048,187▲10.5% | $3,609,839▼11.4% | $5,152,865▲40.0% | $5,173,931▲39.7% | 990 |
| 2022 | $4,567,696▼1.1% | $4,075,732▼3.3% | $3,680,233▲15.5% | $3,703,518▲14.8% | 990 |
| 2021 | $4,618,230▼15.0% | $4,215,924▼7.6% | $3,186,274▲14.5% | $3,225,307▲14.4% | 990 |
| 2020 | $5,430,240▲1.9% | $4,564,786▼16.0% | $2,783,968▲45.1% | $2,819,566▲46.0% | 990 |
| 2019 | $5,330,141▲9.8% | $5,435,877▲12.8% | $1,918,514▼5.2% | $1,930,990▼6.1% | 990 |
| 2018 | $4,855,700▲1.8% | $4,821,122▲5.7% | $2,024,250▲1.7% | $2,057,085▲2.1% | 990 |
| 2017 | $4,771,064▲6.7% | $4,560,320▲11.9% | $1,989,672▲11.8% | $2,014,720▲11.4% | 990 |
| 2016 | $4,472,437▲11.3% | $4,073,844▲7.7% | $1,778,928▲28.9% | $1,807,810▲29.1% | 990 |
| 2015 | $4,017,121▲1.3% | $3,782,062▼10.6% | $1,380,335▲20.5% | $1,399,837▲20.6% | 990 |
| 2014 | $3,965,074 | $4,230,320 | $1,145,276 | $1,160,531 | 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.
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Data for Plumbers & Pipefitters Local 188 Health & Welfare Fund (EIN 23-7009355) 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.