1199 Seiu National Benefit Fund For Home Care Employees
1199 Seiu National Benefit Fund consistently operates with expenses closely matching or exceeding revenue, typical for a benefit fund.
EIN: 134129368 · New York, NY · NTEE: Y43 · Updated: 2026-03-28
Is 1199 Seiu National Benefit Fund For Home Care Employees Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1199 Seiu National Benefit Fund For Home Care Employees directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1199 Seiu National Benefit Fund For Home Care Employees
1199 Seiu National Benefit Fund For Home Care Employees (EIN: 134129368) is a nonprofit organization based in New York, NY, classified under NTEE code Y43. The organization reported total revenue of $311.3M and total assets of $118.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1199 Seiu National Benefit Fund For Home Care Employees's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1199 Seiu National Benefit Fund For Home Care Employees is a major nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $194.8M |
| Total Expenses | $196.3M |
| Surplus / Deficit | $-1,474,513 |
| Total Assets | $152.7M |
| Total Liabilities | $27.7M |
| Net Assets | $125.0M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2022, 1199 Seiu National Benefit Fund For Home Care Employees reported a deficit of $1.5M with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), 1199 Seiu National Benefit Fund For Home Care Employees's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +17.9% | -5.1% | -0.3% |
| 2021 | -13.2% | -8.2% | -23.9% |
| 2020 | -6.4% | -5.5% | -16.6% |
| 2019 | -4.7% | +9.3% | -5.5% |
| 2018 | -3.1% | +8.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 National Benefit Fund For Home Care Employees 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 National Benefit Fund For Home Care Employees 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 deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, suggesting that executive salaries are either not directly paid by this entity or are reported under different expense categories, making direct analysis of executive compensation relative to organizational size challenging without additional information.
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 National Benefit Fund For Home Care Employees's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2022, 2021, 2020) where expenses exceeded revenue, though this can be typical for benefit funds.
- Significant decrease in assets from $268 million in 2017 to $152 million in 2022, warranting further investigation into the cause.
Strengths
The following positive indicators were identified for 1199 Seiu National Benefit Fund For Home Care Employees:
- High program focus inherent in its NTEE code (Y43 - Employee Benefit Programs).
- Consistent operation over a long period, indicating stability in its core function.
- No reported officer compensation, which could indicate very low administrative overhead if true for all executive functions.
Frequently Asked Questions about 1199 Seiu National Benefit Fund For Home Care Employees
Is 1199 Seiu National Benefit Fund For Home Care Employees a legitimate charity?
Based on AI analysis of IRS 990 filings, 1199 Seiu National Benefit Fund For Home Care Employees (EIN: 134129368) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does 1199 Seiu National Benefit Fund For Home Care Employees spend its money?
1199 Seiu National Benefit Fund For Home Care Employees directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 1199 Seiu National Benefit Fund For Home Care Employees tax-deductible?
1199 Seiu National Benefit Fund For Home Care Employees is registered as a tax-exempt nonprofit (EIN: 134129368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is 1199 Seiu National Benefit Fund For Home Care Employees a good charity?
As a benefit fund (NTEE Y43), its primary purpose is to disburse benefits, not to accumulate large surpluses. Its consistent operational model, with expenses closely matching revenue, suggests it is fulfilling its function. The lack of reported officer compensation could be a positive for efficiency if it means low administrative overhead, but further clarity on how executive functions are compensated would be beneficial for a complete assessment.
What is the trend in the organization's financial health?
The organization's financial health shows a pattern of managing significant revenues and expenses, with assets fluctuating over time. While there have been periods of operational deficits (e.g., 2022, 2021, 2020), this is not uncommon for benefit funds. Assets have decreased from a high of $268 million in 2017 to $152 million in 2022, indicating a reduction in reserves or a shift in asset management.
How efficient is the organization's spending?
Given its nature as a benefit fund, a significant portion of its expenses would typically go directly to program services (benefits). Without a detailed breakdown of program vs. administrative expenses from the provided data, it's difficult to give a precise efficiency ratio. However, the NTEE code Y43 (Employee Benefit Programs) implies a high program focus. Assuming most expenses are benefit disbursements, spending efficiency would likely be high.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that either the officers are not compensated directly by this specific entity, their compensation is covered by a related entity (e.g., the union), or it is reported under a different expense line item not categorized as 'officer compensation' on the summary data. This requires further investigation of the full 990 forms for clarity.
Filing History
IRS 990 filing history for 1199 Seiu National Benefit Fund For Home Care Employees showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), 1199 Seiu National Benefit Fund For Home Care Employees's revenue has grown by 1.4%, moving from $192.1M to $194.8M. Total assets increased by 94.1% over the same period, from $78.7M to $152.7M. Total functional expenses rose by 2.9%, from $190.8M to $196.3M. In its most recent filing year (2022), 1199 Seiu National Benefit Fund For Home Care Employees reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $27.7M in liabilities against $152.7M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $125.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $194.8M | $196.3M | $152.7M | $27.7M | — | View 990 |
| 2021 | $165.2M | $206.9M | $153.2M | $32.7M | — | View 990 |
| 2020 | $190.4M | $225.5M | $201.4M | $30.1M | — | View 990 |
| 2019 | $203.3M | $238.6M | $241.6M | $27.6M | — | — |
| 2018 | $213.3M | $218.2M | $255.6M | $27.4M | — | View 990 |
| 2017 | $220.1M | $201.1M | $268.2M | $22.6M | — | View 990 |
| 2016 | $240.0M | $210.7M | $250.4M | $24.4M | — | View 990 |
| 2015 | $294.8M | $196.5M | $220.0M | $25.0M | — | View 990 |
| 2014 | $198.9M | $171.0M | $134.0M | $37.3M | — | View 990 |
| 2013 | $135.3M | $149.9M | $55.7M | $27.9M | — | View 990 |
| 2012 | $195.3M | $168.3M | $73.8M | $31.5M | — | View 990 |
| 2011 | $192.1M | $190.8M | $78.7M | $63.4M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $194.8M, expenses of $196.3M, and assets of $152.7M (revenue +17.9% year-over-year).
- 2021: Revenue of $165.2M, expenses of $206.9M, and assets of $153.2M (revenue -13.2% year-over-year).
- 2020: Revenue of $190.4M, expenses of $225.5M, and assets of $201.4M (revenue -6.4% year-over-year).
- 2019: Revenue of $203.3M, expenses of $238.6M, and assets of $241.6M (revenue -4.7% year-over-year).
- 2018: Revenue of $213.3M, expenses of $218.2M, and assets of $255.6M (revenue -3.1% year-over-year).
- 2017: Revenue of $220.1M, expenses of $201.1M, and assets of $268.2M (revenue -8.3% year-over-year).
- 2016: Revenue of $240.0M, expenses of $210.7M, and assets of $250.4M (revenue -18.6% year-over-year).
- 2015: Revenue of $294.8M, expenses of $196.5M, and assets of $220.0M (revenue +48.2% year-over-year).
- 2014: Revenue of $198.9M, expenses of $171.0M, and assets of $134.0M (revenue +46.9% year-over-year).
- 2013: Revenue of $135.3M, expenses of $149.9M, and assets of $55.7M (revenue -30.7% year-over-year).
- 2012: Revenue of $195.3M, expenses of $168.3M, and assets of $73.8M (revenue +1.7% year-over-year).
- 2011: Revenue of $192.1M, expenses of $190.8M, and assets of $78.7M.
Data Sources and Methodology
This transparency report for 1199 Seiu National Benefit Fund For Home Care Employees 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.