New York State Nurses Association Benefit Fund
Albany, NY 12205 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $584,709,701 | $557,710,158 | $47,094,748 |
| FY2023 | $501,192,151 | $472,277,346 | $20,090,599 |
| FY2022 | $413,002,233 | $453,934,938 | -$8,824,206 |
| FY2021 | $375,051,257 | $406,717,064 | $32,108,499 |
| FY2020 | $357,382,749 | $372,055,864 | $62,459,852 |
| FY2019 | $363,771,952 | $384,854,045 | $76,718,402 |
| FY2018 | $333,013,785 | $329,505,774 | $98,937,263 |
| FY2017 | $298,194,659 | $277,938,918 | $106,888,049 |
| FY2016 | $255,809,236 | $257,495,129 | $86,632,311 |
| FY2015 | $214,879,981 | $217,993,610 | $85,911,822 |
| FY2014 | $210,312,045 | $208,130,796 | $91,472,143 |
| FY2013 | $211,896,644 | $185,744,814 | $89,290,894 |
| FY2012 | $199,382,388 | $189,143,392 | $63,139,064 |
| FY2011 | $204,323,369 | $208,972,057 | $52,900,068 |
Form 990 filings
The returns filed by New York State Nurses Association Benefit Fund (EIN 23-7336001), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $581,157,097 | 99% |
| Other revenue | $3,552,604 | 1% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Net assets covered about 1 month of expenses at the end of the reporting year. That puts it in the 8th percentile among 363 Mutual & Membership Benefit organizations in NY.
- Total revenue was higher than 99.2% of 369 Mutual & Membership Benefit organizations in NY.
- Total revenue rose from $204,323,369 in FY2011 to $584,709,701 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2011, FY2015, FY2016, FY2019, FY2020, FY2021, FY2022).
- Net assets declined from $52,900,068 to $47,094,748 between FY2011 and FY2024.
- The IRS automatically revoked this organization's tax-exempt status on May 15, 2023; it was reinstated on May 15, 2023.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE HOSPITALIZATION, BASIC AND MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, OPTICAL, LIFE AND AD&D, SHORT TERM AND LONG TERM DISABILITY COVERAGE AND PAID FAMILY LEAVE (WHICH BEGAN IN 2018) TO REGISTERED NURSES AND OTHER HEALTHCARE PROFESSIONALS EMPLOYED BY EMPLOYERS WHOSE COLLECTIVE BARGAINING
IRS status
| Ruling year | 1979 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit (in NY) |
| Automatic revocation | May 15, 2023 — reinstated May 15, 2023 |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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