Mission
The Plan's principal activity is the collection and investment of funds from electrical contractors for the purpose of providing benefits to members of Local 3.
Based in Flushing, NY, HEALTH REIMBURSEMENT ACCOUNT FUND OF THE ELECTRICAL INDUSTRY operates as a Public Charity. The organization reported $62.6M in revenue, $66.1M in expenses, $122.9M in total assets for fiscal year 2024.
The Plan's principal activity is the collection and investment of funds from electrical contractors for the purpose of providing benefits to members of Local 3.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $62.6M | $66.1M | $122.9M |
| 2023 | $52.3M | $55.8M | $126.5M |
| 2022 | $47.1M | $49.7M | $130.0M |
| 2020 | $41.2M | $43.7M | $137.0M |
| 2019 | $32.3M | $33.1M | $139.6M |
Between 2019 and 2024, reported annual revenue grew from $32.3M to $62.6M (+94%), with total assets most recently reported at $122.9M.
Interactive year-over-year charts and full filing details available with membership.