1199 Seiu Greater New York Benefit Fund
1199 Seiu Greater New York Benefit Fund shows consistent operations with growing assets, no reported officer compensation, and recent significant revenue increase.
EIN: 136125570 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $525.7M |
| Total Expenses | $222.6M |
| Program Spending | 90% |
| Net Assets | $58.7M |
| Transparency Score | 85/100 |
Is 1199 Seiu Greater New York Benefit Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1199 Seiu Greater New York Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1199 Seiu Greater New York Benefit Fund
1199 Seiu Greater New York Benefit Fund (EIN: 136125570) is a nonprofit organization based in New York, NY. The organization reported total revenue of $525.7M and total assets of $325.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1199 Seiu Greater New York Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1199 Seiu Greater New York Benefit Fund is a major nonprofit that has been operating for 61 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $252.1M |
| Total Expenses | $222.6M |
| Surplus / Deficit | +$29.5M |
| Total Assets | $115.0M |
| Total Liabilities | $56.3M |
| Net Assets | $58.7M |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 49.0% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2022, 1199 Seiu Greater New York Benefit Fund reported a surplus of $29.5M with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 49.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), 1199 Seiu Greater New York Benefit Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +26.7% | +2.9% | +26.8% |
| 2021 | -7.7% | -10.5% | -15.4% |
| 2020 | +4.3% | +5.1% | -25.0% |
| 2019 | -0.8% | +11.1% | -4.6% |
| 2018 | +11.5% | +7.2% | -16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 1199 Seiu Greater New York Benefit Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, 1199 Seiu Greater New York Benefit Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive salaries are either not paid directly by this entity or are not classified as officer compensation under IRS guidelines, which is a positive sign for direct benefit allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 1199 Seiu Greater New York Benefit Fund's IRS 990 filings:
- Periods of expenses exceeding revenue (e.g., 2021, 2020, 2019, 2017), though overall trend is stable.
- Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for 1199 Seiu Greater New York Benefit Fund:
- Consistent growth in assets over the past decade, from $95,219,142 in 2013 to $114,956,690 in 2022 (and significantly higher in 'Latest' data).
- No reported officer compensation across all filings, suggesting high efficiency in direct benefit delivery.
- Generally stable financial operations with revenues often exceeding expenses.
- Significant 'Latest Revenue' of $525,731,296 indicates substantial operational scale.
Frequently Asked Questions about 1199 Seiu Greater New York Benefit Fund
Is 1199 Seiu Greater New York Benefit Fund a legitimate charity?
1199 Seiu Greater New York Benefit Fund (EIN: 136125570) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $525.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does 1199 Seiu Greater New York Benefit Fund spend its money?
1199 Seiu Greater New York Benefit Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to 1199 Seiu Greater New York Benefit Fund tax-deductible?
1199 Seiu Greater New York Benefit Fund is registered as a tax-exempt nonprofit (EIN: 136125570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 1199 Seiu Greater New York Benefit Fund located?
1199 Seiu Greater New York Benefit Fund is headquartered in New York, New York and files with the IRS under EIN 136125570.
How many years of IRS 990 filings does 1199 Seiu Greater New York Benefit Fund have?
1199 Seiu Greater New York Benefit Fund has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $525.7M in total revenue.
Is 1199 Seiu Greater New York Benefit Fund a good charity?
Based on the available data, the fund appears to be financially stable with growing assets and a consistent operational history. The absence of reported officer compensation suggests a strong focus on its primary purpose, which is a positive indicator for a benefit fund.
What caused the significant jump in 'Latest Revenue' and 'Assets' compared to the 2022 filing?
The provided 'Latest Revenue' of $525,731,296 and 'Assets' of $324,979,769 are substantially higher than the 2022 figures ($252,091,100 revenue, $114,956,690 assets). This could be due to a different reporting period for the 'Latest' data, a significant one-time event, or a change in accounting practices. Further investigation into the specific filing associated with the 'Latest' data would be needed to understand this change.
How does the fund manage its liabilities?
Liabilities have fluctuated over the years, from $27,472,662 in 2013 to $56,286,722 in 2022. While they have increased, the fund's assets have grown at a faster rate, maintaining a healthy asset-to-liability ratio, indicating sound financial management.
Filing History
IRS 990 filing history for 1199 Seiu Greater New York Benefit Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), 1199 Seiu Greater New York Benefit Fund's revenue has grown by 34.3%, moving from $187.7M to $252.1M. Total assets increased by 104.2% over the same period, from $56.3M to $115.0M. Total functional expenses rose by 40.8%, from $158.1M to $222.6M. In its most recent filing year (2022), 1199 Seiu Greater New York Benefit Fund reported a surplus of $29.5M, with revenue exceeding expenses. The organization holds $56.3M in liabilities against $115.0M in assets (debt-to-asset ratio: 49.0%), resulting in net assets of $58.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $252.1M | $222.6M | $115.0M | $56.3M | — | View 990 |
| 2021 | $198.9M | $216.3M | $90.7M | $64.4M | — | View 990 |
| 2020 | $215.6M | $241.6M | $107.2M | $57.1M | — | View 990 |
| 2019 | $206.8M | $229.9M | $143.1M | $51.0M | — | — |
| 2018 | $208.5M | $206.9M | $150.0M | $39.4M | — | View 990 |
| 2017 | $187.1M | $193.1M | $180.2M | $60.7M | — | View 990 |
| 2016 | $195.3M | $189.4M | $154.6M | $38.1M | — | View 990 |
| 2015 | $190.8M | $176.9M | $137.1M | $29.1M | — | View 990 |
| 2014 | $201.5M | $175.3M | $123.7M | $29.6M | — | View 990 |
| 2013 | $194.4M | $168.9M | $95.2M | $27.5M | — | View 990 |
| 2012 | $182.9M | $161.6M | $71.9M | $30.1M | — | View 990 |
| 2011 | $187.7M | $158.1M | $56.3M | $36.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $252.1M, expenses of $222.6M, and assets of $115.0M (revenue +26.7% year-over-year).
- 2021: Revenue of $198.9M, expenses of $216.3M, and assets of $90.7M (revenue -7.7% year-over-year).
- 2020: Revenue of $215.6M, expenses of $241.6M, and assets of $107.2M (revenue +4.3% year-over-year).
- 2019: Revenue of $206.8M, expenses of $229.9M, and assets of $143.1M (revenue -0.8% year-over-year).
- 2018: Revenue of $208.5M, expenses of $206.9M, and assets of $150.0M (revenue +11.5% year-over-year).
- 2017: Revenue of $187.1M, expenses of $193.1M, and assets of $180.2M (revenue -4.2% year-over-year).
- 2016: Revenue of $195.3M, expenses of $189.4M, and assets of $154.6M (revenue +2.3% year-over-year).
- 2015: Revenue of $190.8M, expenses of $176.9M, and assets of $137.1M (revenue -5.3% year-over-year).
- 2014: Revenue of $201.5M, expenses of $175.3M, and assets of $123.7M (revenue +3.6% year-over-year).
- 2013: Revenue of $194.4M, expenses of $168.9M, and assets of $95.2M (revenue +6.3% year-over-year).
- 2012: Revenue of $182.9M, expenses of $161.6M, and assets of $71.9M (revenue -2.6% year-over-year).
- 2011: Revenue of $187.7M, expenses of $158.1M, and assets of $56.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1199 Seiu Greater New York Benefit Fund:
Data Sources and Methodology
This transparency report for 1199 Seiu Greater New York Benefit Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.