Refrigeration and Air Conditioning Division U A of N J Welfare Fund is a 501(c)(9) organization based in Ewing, New Jersey, registered in 1975, with $50,351,069 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$50.4M
▲ 14.9% vs prior year
Expenses (FY2023)
$45.7M
Net assets
$29.6M
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 Refrigeration and Air Conditioning Division U A of N J 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 Refrigeration and Air Conditioning Division U A of N J Welfare Fund: 8 mo reserves · +9% 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 Refrigeration and Air Conditioning Division U A of N J 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 Refrigeration and Air Conditioning Division U A of N J Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $27.7M (FY2013) to $50.4M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
9.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$35.6M
Total liabilities
$6.0M
Net assets
$29.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,351,069▲14.9% | $45,713,709▲0.4% | $29,629,097▲20.3% | $35,630,413▲14.8% | 990 |
| 2022 | $43,829,641▲9.6% | $45,514,983▲14.4% | $24,625,907▼12.9% | $31,048,013▼9.5% | 990 |
| 2021 | $39,998,701▲9.9% | $39,788,854▲18.5% | $28,287,286▼2.0% | $34,319,636▲0.6% | 990 |
| 2020 | $36,401,799▼5.5% | $33,564,762▲0.5% | $28,873,787▲11.9% | $34,130,098▲10.2% | 990 |
| 2019 | $38,502,340▲10.8% | $33,387,731▲0.8% | $25,807,287▲30.4% | $30,962,210▲21.8% | 990 |
| 2018 | $34,746,889▲8.2% | $33,123,105▲3.2% | $19,797,955▲8.5% | $25,418,298▲7.6% | 990 |
| 2017 | $32,115,989▲12.6% | $32,099,258▲10.4% | $18,250,798▼1.0% | $23,628,111▼0.9% | 990 |
| 2016 | $28,528,314▲5.0% | $29,065,909▲3.6% | $18,443,858▼3.2% | $23,839,930▼0.3% | 990 |
| 2015 | $27,159,904▲3.0% | $28,053,744▲9.7% | $19,063,110▼7.1% | $23,914,614▼3.8% | 990 |
| 2014 | $26,363,111▼4.8% | $25,563,949▲1.6% | $20,529,792▲5.8% | $24,866,079▲6.5% | 990 |
| 2013 | $27,700,419 | $25,149,990▲10.2% | $19,410,671▲12.9% | $23,344,298▲11.5% | 990 |
| 2012 | — | $22,819,251▼5.3% | $17,193,396▲19.9% | $20,941,080▲16.0% | 990 |
| 2011 | — | $24,094,736▲4.6% | $14,335,594▲35.4% | $18,055,128▲29.1% | 990 |
| 2009 | — | $23,039,823 | $10,585,746 | $13,981,025 | 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 Refrigeration and Air Conditioning Division U A of N J Welfare Fund (EIN 22-6211042) 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.