Sheet Metal Workers-49 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Workers-49 Welfare Fund is a 501(c)(9) organization based in Phoenix, Arizona, registered in 1954, with $6,468,390 in FY2024 revenue. CharityIndex grades it C+.
2550 W Union Hills Dr Ste 290, Phoenix, AZ, 85027 EIN 85-6011542 Since 1954
Revenue (FY2024)
$6.5M
▼ 12.7% vs prior year
Expenses (FY2024)
$6.2M
Net assets
$13.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
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 Sheet Metal Workers-49 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 rating26 mo reserves · +4% 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 Sheet Metal Workers-49 Welfare Fund: 26 mo reserves · +4% 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 Sheet Metal Workers-49 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 Sheet Metal Workers-49 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 $5.5M (FY2020) to $6.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $47KNet assets $13.6M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.6M
Total liabilities
$47K
Net assets
$13.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,468,390▼12.7% | $6,221,217▼13.2% | $13,561,045▲3.1% | $13,608,047▲3.1% | 990 |
| 2023 | $7,413,012▲30.6% | $7,170,094▲44.7% | $13,156,597▲6.3% | $13,201,220▲5.1% | 990 |
| 2022 | $5,676,846▲4.6% | $4,954,541▼23.2% | $12,371,241▲6.2% | $12,560,829▲7.5% | 990 |
| 2021 | $5,428,731▼1.2% | $6,451,748▲1.5% | $11,648,936▼10.6% | $11,681,570▼10.8% | 990 |
| 2020 | $5,494,126 | $6,357,448 | $13,033,347 | $13,095,577 | 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 Sheet Metal Workers-49 Welfare Fund a legitimate nonprofit?
- Yes. Sheet Metal Workers-49 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 85-6011542, based in Phoenix, Arizona.
- What is Sheet Metal Workers-49 Welfare Fund's EIN?
- Sheet Metal Workers-49 Welfare Fund's Employer Identification Number (EIN) is 85-6011542.
- How much revenue does Sheet Metal Workers-49 Welfare Fund report?
- Sheet Metal Workers-49 Welfare Fund reported $6,468,390 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Workers-49 Welfare Fund have?
- CharityIndex grades Sheet Metal Workers-49 Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Sheet Metal Workers-49 Welfare Fund (EIN 85-6011542) 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.