nonprofit · EIN 74-2624710 · VA
How much does BAE SYSTEMS WELFARE BENEFIT TRUST raise and spend?
BAE SYSTEMS WELFARE BENEFIT TRUST (VA, EIN 74-2624710) reported $534.2M in revenue and $538.0M in expenses for tax year 2024, with $33.2M in net assets (0.7 months of reserves). By expenses that ranks 566 of 391,588 e-filers, 15 of 3,624 in NTEE Y: Mutual & Membership Benefit, 15 of 10,661 nonprofits in virginia.
What stands out
BAE SYSTEMS WELFARE BENEFIT TRUST (VA, EIN 74-2624710) reported $534.2M in revenue and $538.0M in expenses for tax year 2024, with $33.2M in net assets (0.7 months of reserves). By expenses that ranks 566 of 391,588 e-filers, 15 of 3,624 in NTEE Y: Mutual & Membership Benefit, 15 of 10,661 nonprofits in virginia. Against NTEE Y: Mutual & Membership Benefit: months of reserves 0.7 months, below the peer median of 31.4 months; officer compensation share of expenses 0.0%, below the peer median of 0.3%; contributions share of revenue 0.0%, at the peer median of 0.0%; surplus margin -0.7%, below the peer median of 9.2%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $534.2M | $188.6k | $233.3M | $198.5k |
| Total expenses | $538.0M | $152.2k | $225.3M | $179.6k |
| Total assets | $33.2M | $1.4M | $306.0M | $761.5k |
| Net assets | $33.2M | $1.2M | $162.6M | $615.1k |
| Officer compensation (total per organisation) | $5.7k | $23.0k | $2.6M | $114.3k |
| Program service revenue share | 89.8% | 54.5% | 92.5% | 13.4% |
| Contributions share of revenue | 0.0% | 0.0% | 0.8% | 55.6% |
| Officer compensation share of expenses | 0.0% | 0.3% | 0.9% | 6.6% |
| Months of reserves | 0.7 months | 31.4 months | 7.7 months | 12.4 months |
| Surplus margin | -0.7% | 9.2% | 1.7% | 4.3% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $534.2M | $538.0M | $33.2M | 0.7 months | $5.7k | 566 |
| 2023 | $451.8M | $469.5M | $36.9M | 0.9 months | $5.7k | 1,138 |
| 2022 | $418.7M | $421.0M | $54.6M | 1.6 months | $5.7k | 1,186 |
| 2020 | $377.9M | $366.5M | $32.9M | 1.1 months | $7.1k | 1,185 |
| 2019 | $375.6M | $367.0M | $21.5M | 0.7 months | $5.7k | 1,138 |
| 2018 | $329.1M | $334.1M | $12.9M | 0.5 months | $7.1k | 1,158 |
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