Bae Systems North America Welfare Benefit Trust
Falls Church, VA 22042 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $534,243,661 | $537,974,507 | $33,156,493 |
| FY2023 | $451,823,820 | $469,517,606 | $36,887,339 |
| FY2022 | $418,677,030 | $420,965,346 | $54,581,125 |
| FY2021 | $370,352,777 | $368,710,796 | $56,869,441 |
| FY2020 | $377,859,170 | $366,469,320 | $32,861,780 |
| FY2019 | $375,571,809 | $366,961,383 | $21,471,930 |
| FY2018 | $329,096,508 | $334,071,489 | $12,861,504 |
| FY2017 | $311,947,655 | $304,528,385 | $17,836,485 |
| FY2016 | $326,199,719 | $334,405,715 | $10,417,215 |
| FY2015 | $330,752,480 | $331,134,092 | $18,623,211 |
| FY2014 | $330,489,135 | $335,796,714 | $19,004,823 |
| FY2013 | $353,073,444 | $342,375,752 | $24,312,402 |
| FY2012 | $365,176,093 | $361,453,875 | $18,206,740 |
| FY2011 | $372,908,027 | $371,049,440 | $11,423,513 |
Form 990 filings
The returns filed by Bae Systems North America Welfare Benefit Trust (EIN 74-2624710), 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 | $479,906,609 | 90% |
| Other revenue | $54,337,052 | 10% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $532,676,447 | 99% |
| Management & general | $5,298,060 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 90% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is higher than 50% of 110 Mutual & Membership Benefit organizations nationwide (too few in VA for a state comparison).
- Net assets covered about 0.7 months of expenses at the end of the reporting year. That puts it in the 7th percentile among 87 Mutual & Membership Benefit organizations in VA.
- Total revenue was the highest among 87 Mutual & Membership Benefit organizations in VA.
- Total revenue rose from $372,908,027 in FY2011 to $534,243,661 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2014, FY2015, FY2016, FY2018, FY2022, FY2023, FY2024).
- Net assets grew from $11,423,513 to $33,156,493 between FY2011 and FY2024.
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
THE ORGANIZATION IS A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION THAT PROVIDES FOR MEDICAL, DISABILITY & OTHER BENEFITS. APPROXIMATELY 40,000 PARTICIPANTS WERE SUBJECT TO BENEFITS.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
Similar organizations
- Smart - Td Health and Welfare Plan — Arlington, VA · $644,079,592
- Fringe Benefit Plan for Service Contract Act Employees of Maximus — McLean, VA · $75,904,701
- Worldwide Assurance for Employees of Public Agencies Inc — Falls Church, VA · $55,378,016
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.