Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund

Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund consistently disburses nearly all revenue with no officer compensation.

EIN: 111896894 · Mineola, NY · Updated: 2026-03-28

$19.5MRevenue

$12.8MAssets

85/100Mission Score (Excellent)

Is Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund

Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund (EIN: 111896894) is a nonprofit organization based in Mineola, NY. The organization reported total revenue of $19.5M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $18-26 million over the past decade. The organization consistently reports zero officer compensation, which is a notable aspect of its financial structure. While the NTEE code is unknown, suggesting a potential lack of detailed programmatic classification, the consistent operation as a welfare fund implies a focus on member benefits. The fund has shown growth in assets, increasing from $7,992,940 in 2014 to $10,695,060 in 2023, indicating sound financial management and accumulation of reserves. Liabilities have remained relatively stable, suggesting good control over its financial obligations.

The fund's spending efficiency appears to be high, given that its expenses are consistently close to its revenues, indicating that most incoming funds are disbursed for its stated purpose. For example, in 2023, expenses were $19,566,878 against revenues of $21,410,820, showing a high utilization rate of funds. The absence of officer compensation further suggests that administrative overhead related to executive salaries is non-existent, which is a strong positive for efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is challenging.

Transparency is moderate. The availability of 13 years of IRS 990 filings is a strong point, providing a comprehensive financial history. The consistent reporting of zero officer compensation is also a transparent disclosure. However, the lack of an NTEE code and the absence of a detailed functional expense breakdown in the provided data limit the ability to fully understand the allocation of funds between direct program services, administrative costs, and any fundraising efforts. To enhance transparency, the organization could provide more granular detail on its functional expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Amalgamated Cutter & Retail Food Store Employees Union Welfare 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $19 million.

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 Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund's IRS 990 filings:

NTEE code is unknown, limiting understanding of programmatic focus
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Zero officer compensation for an organization of this size is unusual and warrants further inquiry into executive management structure

Strengths

The following positive indicators were identified for Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund:

Consistent financial stability with revenues generally exceeding expenses
Strong asset growth over the past decade, from $7,992,940 in 2014 to $10,695,060 in 2023
Excellent transparency in filing history with 13 years of IRS 990 data available
High utilization of funds, with expenses consistently close to revenues (e.g., 2023 expenses $19,566,878 vs. revenue $21,410,820)
No reported officer compensation, indicating very low or non-existent executive salary overhead

Frequently Asked Questions about Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund

Is Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund (EIN: 111896894) some concerns. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.

How does Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund spend its money?

Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund tax-deductible?

Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund is registered as a tax-exempt nonprofit (EIN: 111896894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What specific benefits or programs does the Welfare Fund provide to its members?

The provided data does not detail the specific benefits or programs. As a 'Welfare Fund,' it typically provides health, pension, or other benefits to union members, but the exact nature is not disclosed in the financial summaries.

How does the organization manage to operate with zero officer compensation?

Operating with zero officer compensation suggests that executive functions may be performed by volunteers, by staff whose compensation is categorized differently (e.g., as general administrative staff), or by individuals compensated by an affiliated entity, which is not detailed in these filings.

What is the NTEE code for this organization, and why is it not available?

The NTEE code is not provided in the given data. Its absence could be due to various reasons, including the organization's specific classification, or simply not being included in the summary data provided. An NTEE code would help classify its primary activities.

What are the primary components of the organization's expenses, beyond general 'expenses'?

The filings only provide total expenses. A detailed breakdown of expenses into categories like benefits paid, administrative costs, and other operational expenses would offer greater insight into how funds are utilized.

What is the long-term strategy for asset growth and management?

The organization has shown consistent asset growth, from $7,992,940 in 2014 to $10,695,060 in 2023. However, the specific investment strategy or long-term plan for managing these assets is not detailed in the provided financial summaries.

Filing History

IRS 990 filing history for Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund's revenue has declined by 11.1%, moving from $24.1M to $21.4M. Total assets increased by 61.4% over the same period, from $6.6M to $10.7M. Total functional expenses fell by 19.8%, from $24.4M to $19.6M. In its most recent filing year (2023), Amalgamated Cutter & Retail Food Store Employees Union Welfare Fund reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $10.7M in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $8.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$21.4M	$19.6M	$10.7M	$2.0M	—	—
2022	$21.5M	$20.8M	$8.9M	$2.0M	—	View 990
2021	$18.8M	$18.2M	$8.4M	$2.2M	—	View 990
2020	$18.2M	$17.5M	$7.7M	$2.1M	—	View 990
2019	$20.7M	$20.8M	$7.0M	$2.2M	—	View 990
2018	$18.9M	$18.9M	$7.2M	$2.2M	—	View 990
2017	$17.0M	$17.2M	$7.2M	$2.2M	—	View 990
2016	$19.4M	$21.6M	$7.6M	$2.4M	—	View 990
2015	$26.0M	$24.1M	$9.9M	$2.5M	—	View 990
2014	$23.6M	$23.1M	$8.0M	$2.5M	—	View 990
2013	$22.9M	$23.3M	$7.5M	$2.5M	—	View 990
2012	$24.4M	$23.8M	$7.7M	$2.2M	—	View 990
2011	$24.1M	$24.4M	$6.6M	$1.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $21.4M, expenses of $19.6M, and assets of $10.7M (revenue -0.5% year-over-year).
2022: Revenue of $21.5M, expenses of $20.8M, and assets of $8.9M (revenue +14.3% year-over-year).
2021: Revenue of $18.8M, expenses of $18.2M, and assets of $8.4M (revenue +3.2% year-over-year).
2020: Revenue of $18.2M, expenses of $17.5M, and assets of $7.7M (revenue -11.8% year-over-year).
2019: Revenue of $20.7M, expenses of $20.8M, and assets of $7.0M (revenue +9.4% year-over-year).
2018: Revenue of $18.9M, expenses of $18.9M, and assets of $7.2M (revenue +11.1% year-over-year).
2017: Revenue of $17.0M, expenses of $17.2M, and assets of $7.2M (revenue -12.1% year-over-year).
2016: Revenue of $19.4M, expenses of $21.6M, and assets of $7.6M (revenue -25.5% year-over-year).
2015: Revenue of $26.0M, expenses of $24.1M, and assets of $9.9M (revenue +10.2% year-over-year).
2014: Revenue of $23.6M, expenses of $23.1M, and assets of $8.0M (revenue +3.2% year-over-year).
2013: Revenue of $22.9M, expenses of $23.3M, and assets of $7.5M (revenue -6.1% year-over-year).
2012: Revenue of $24.4M, expenses of $23.8M, and assets of $7.7M (revenue +1.1% year-over-year).
2011: Revenue of $24.1M, expenses of $24.4M, and assets of $6.6M.

Data Sources and Methodology

This transparency report for Amalgamated Cutter & Retail Food Store Employees Union Welfare 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.