Trustees of Life Benefit Plan 401 K Plan
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Trustees of Life Benefit Plan 401 K Plan is a 501(c)(9) organization based in Brooklyn, New York, registered in 1960, with $4,869,762 in FY2024 revenue. CharityIndex grades it B.
325 73rd St, Brooklyn, NY, 11209 EIN 11-1708617 Since 1960
Revenue (FY2024)
$4.9M
▲ 0.2% vs prior year
Expenses (FY2024)
$4.9M
Net assets
$4.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 Trustees of Life Benefit Plan 401 K Plan— 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 rating11 mo reserves · -1% 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 Trustees of Life Benefit Plan 401 K Plan: 11 mo reserves · -1% 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 Trustees of Life Benefit Plan 401 K Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Trustees of Life Benefit Plan 401 K Plan: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.9M (FY2013) to $4.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $678KNet assets $4.5M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$5.2M
Total liabilities
$678K
Net assets
$4.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,869,762▲0.2% | $4,904,999▲7.8% | $4,504,552▼0.3% | $5,182,624▲2.5% | 990 |
| 2023 | $4,858,753▲1.9% | $4,550,385▼6.4% | $4,518,459▲8.3% | $5,055,942▲6.9% | 990 |
| 2022 | $4,767,446▲19.6% | $4,862,540▲35.8% | $4,173,857▼3.5% | $4,730,601▲4.8% | 990 |
| 2021 | $3,984,741▼6.0% | $3,580,541▼14.1% | $4,324,940▲11.2% | $4,512,065▼2.4% | 990 |
| 2020 | $4,237,089▼13.2% | $4,169,706▲2.3% | $3,889,045▲2.7% | $4,624,700▲4.8% | 990 |
| 2019 | $4,882,186▲7.5% | $4,077,645▼4.7% | $3,787,477▲28.5% | $4,414,620▲31.6% | 990 |
| 2018 | $4,540,894▲4.1% | $4,276,710▲10.4% | $2,948,318▲9.5% | $3,353,379▲14.2% | 990 |
| 2017 | $4,363,511▲7.3% | $3,873,577▲11.2% | $2,692,804▲23.3% | $2,937,576▲23.6% | 990 |
| 2016 | $4,066,910▲11.0% | $3,484,519▲12.5% | $2,183,427▲36.8% | $2,376,859▲37.4% | 990 |
| 2015 | $3,662,359▲12.7% | $3,097,637▲3.8% | $1,595,562▲53.8% | $1,729,447▲49.0% | 990 |
| 2014 | $3,248,645▲10.8% | $2,984,629▲6.6% | $1,037,406▲36.0% | $1,160,586▲28.2% | 990 |
| 2013 | $2,930,921 | $2,799,105▲7.6% | $762,801▲24.4% | $905,126▲8.6% | 990 |
| 2012 | — | $2,601,376▲5.9% | $613,132▲3.0% | $833,824▲6.1% | 990 |
| 2011 | — | $2,456,992▼4.0% | $595,072▼20.0% | $785,887▼13.2% | 990 |
| 2010 | — | $2,559,199 | $743,417 | $905,678 | 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 Trustees of Life Benefit Plan 401 K Plan a legitimate nonprofit?
- Yes. Trustees of Life Benefit Plan 401 K Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 11-1708617, based in Brooklyn, New York.
- What is Trustees of Life Benefit Plan 401 K Plan's EIN?
- Trustees of Life Benefit Plan 401 K Plan's Employer Identification Number (EIN) is 11-1708617.
- How much revenue does Trustees of Life Benefit Plan 401 K Plan report?
- Trustees of Life Benefit Plan 401 K Plan reported $4,869,762 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Trustees of Life Benefit Plan 401 K Plan have?
- CharityIndex grades Trustees of Life Benefit Plan 401 K Plan B, based on financial health (reserves and operating margin).
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Data for Trustees of Life Benefit Plan 401 K Plan (EIN 11-1708617) 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.