Plumbers and Steamfitters-7 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Plumbers and Steamfitters-7 Welfare Fund is a 501(c)(9) organization based in Latham, New York, registered in 1959, with $26,108,671 in FY2024 revenue. CharityIndex grades it C+.
18 Avis Dr, Latham, NY, 12110 EIN 14-6029930 Since 1959
Revenue (FY2024)
$26.1M
▼ 14.3% vs prior year
Expenses (FY2024)
$18.1M
Net assets
$98.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 and Steamfitters-7 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 →
B+Financial health25% of the rating65 mo reserves · +30% 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 and Steamfitters-7 Welfare Fund: 65 mo reserves · +30% margin earns a B+ 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 and Steamfitters-7 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 and Steamfitters-7 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 $13.8M (FY2013) to $26.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $454KNet assets $98.6M
Operating margin
30.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$99.1M
Total liabilities
$454K
Net assets
$98.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $26,108,671▼14.3% | $18,148,142▲9.5% | $98,630,440▲6.3% | $99,084,387▲6.5% | 990 |
| 2023 | $30,452,708▲69.0% | $16,569,826▼1.4% | $92,788,363▲11.1% | $93,079,900▲11.1% | 990 |
| 2022 | $18,023,975▲0.2% | $16,799,529▲1.5% | $83,493,784▼3.0% | $83,774,777▼3.0% | 990 |
| 2021 | $17,993,186▲9.6% | $16,556,043▲20.1% | $86,111,867▼5.1% | $86,326,507▼5.1% | 990 |
| 2020 | $16,414,643▲8.4% | $13,781,138▲0.9% | $90,721,935▲22.5% | $90,940,291▲22.4% | 990 |
| 2019 | $15,143,185▼5.9% | $13,664,164▲3.0% | $74,037,116▲2.9% | $74,320,015▲3.0% | 990 |
| 2018 | $16,099,749▲4.1% | $13,262,854▼0.6% | $71,937,708▲1.6% | $72,157,761▲1.5% | 990 |
| 2017 | $15,464,150▼2.3% | $13,338,040▲1.6% | $70,828,294▲8.1% | $71,113,127▲8.1% | 990 |
| 2016 | $15,828,767▲14.9% | $13,129,050▲3.8% | $65,510,576▲11.3% | $65,759,372▲11.4% | 990 |
| 2015 | $13,780,212▼9.9% | $12,642,578▲7.7% | $58,857,300▼1.5% | $59,023,534▼1.5% | 990 |
| 2014 | $15,293,435▲10.8% | $11,738,955▲2.0% | $59,734,611▲7.6% | $59,908,492▲7.6% | 990 |
| 2013 | $13,802,681 | $11,504,066▲8.5% | $55,525,133▲12.6% | $55,680,287▲12.5% | 990 |
| 2012 | — | $10,607,224▲5.2% | $49,315,670▲18.4% | $49,497,724▲18.0% | 990 |
| 2011 | — | $10,079,341▲2.1% | $41,653,627▲6.3% | $41,952,437▲6.7% | 990 |
| 2010 | — | $9,876,045 | $39,181,762 | $39,301,945 | 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 and Steamfitters-7 Welfare Fund a legitimate nonprofit?
- Yes. Plumbers and Steamfitters-7 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 14-6029930, based in Latham, New York.
- What is Plumbers and Steamfitters-7 Welfare Fund's EIN?
- Plumbers and Steamfitters-7 Welfare Fund's Employer Identification Number (EIN) is 14-6029930.
- How much revenue does Plumbers and Steamfitters-7 Welfare Fund report?
- Plumbers and Steamfitters-7 Welfare Fund reported $26,108,671 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers and Steamfitters-7 Welfare Fund have?
- CharityIndex grades Plumbers and Steamfitters-7 Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers and Steamfitters-7 Welfare Fund (EIN 14-6029930) 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.