Sheet Metal Workers Welfare Fund-22
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Workers Welfare Fund-22 is a 501(c)(9) organization based in Kenilworth, New Jersey, registered in 1952, with $8,449,749 in FY2024 revenue. CharityIndex grades it C+.
700 Swenson Dr, Kenilworth, NJ, 07033 EIN 22-1505211 Since 1952
Revenue (FY2024)
$8.4M
▲ 18.4% vs prior year
Expenses (FY2024)
$9.1M
Net assets
$20.5M
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 Sheet Metal Workers Welfare Fund-22— 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 rating27 mo reserves · -8% 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 Welfare Fund-22: 27 mo reserves · -8% 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 Sheet Metal Workers Welfare Fund-22— 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 Welfare Fund-22: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 700 Swenson Dr, Kenilworth, NJ, 07033
- City
- Kenilworth
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $3.6M (FY2013) to $8.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4MNet assets $20.5M
Operating margin
-7.8%
Spent more than it raised in the latest fiscal year.
Total assets
$21.9M
Total liabilities
$1.4M
Net assets
$20.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,449,749▲18.4% | $9,111,398▲31.8% | $20,488,105▼1.9% | $21,926,416▲3.0% | 990 |
| 2023 | $7,136,537▲4.3% | $6,913,475▲12.2% | $20,895,458▲9.0% | $21,293,835▲9.6% | 990 |
| 2022 | $6,842,475▲1.1% | $6,162,355▲10.1% | $19,176,524▲2.0% | $19,436,804▲1.9% | 990 |
| 2021 | $6,769,322▲2.7% | $5,596,429▲7.8% | $18,807,189▼4.6% | $19,076,295▼4.4% | 990 |
| 2020 | $6,591,696▼8.5% | $5,192,087▲0.5% | $19,716,220▲18.2% | $19,951,452▲18.3% | 990 |
| 2019 | $7,205,132▲13.5% | $5,165,915▲32.8% | $16,676,910▲18.6% | $16,865,211▲18.5% | 990 |
| 2018 | $6,347,603▲17.2% | $3,890,815▲2.6% | $14,060,796▲20.7% | $14,234,780▲20.5% | 990 |
| 2017 | $5,418,077▼2.2% | $3,791,774▲28.0% | $11,653,563▲19.9% | $11,811,949▲17.6% | 990 |
| 2016 | $5,540,898▲32.2% | $2,961,671▲11.5% | $9,715,647▲39.7% | $10,045,840▲41.6% | 990 |
| 2015 | $4,189,740▼15.9% | $2,655,022▼7.4% | $6,956,547▲27.3% | $7,096,550▲26.9% | 990 |
| 2014 | $4,983,627▲40.2% | $2,868,074▼11.1% | $5,465,309▲63.3% | $5,591,698▲60.0% | 990 |
| 2013 | $3,553,427 | $3,227,458▼29.4% | $3,347,033▲13.2% | $3,495,483▲11.6% | 990 |
| 2012 | — | $4,573,053▲18.2% | $2,957,655▼18.9% | $3,133,052▼18.7% | 990 |
| 2011 | — | $3,867,598▼10.7% | $3,647,339▼1.3% | $3,851,743▼8.9% | 990 |
| 2010 | — | $4,330,777 | $3,696,084 | $4,226,881 | 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 Welfare Fund-22 a legitimate nonprofit?
- Yes. Sheet Metal Workers Welfare Fund-22 is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-1505211, based in Kenilworth, New Jersey.
- What is Sheet Metal Workers Welfare Fund-22's EIN?
- Sheet Metal Workers Welfare Fund-22's Employer Identification Number (EIN) is 22-1505211.
- How much revenue does Sheet Metal Workers Welfare Fund-22 report?
- Sheet Metal Workers Welfare Fund-22 reported $8,449,749 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Workers Welfare Fund-22 have?
- CharityIndex grades Sheet Metal Workers Welfare Fund-22 C+, based on financial health (reserves and operating margin).
More nonprofits in Kenilworth
Explore more
Data for Sheet Metal Workers Welfare Fund-22 (EIN 22-1505211) 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.