Amalgamated Union Local 450 A Welfare Fund
EIN: 61697982 · Bayside, NY · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $7.7M |
| Net Assets | $589K |
Is Amalgamated Union Local 450 A Welfare Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Amalgamated Union Local 450 A Welfare Fund
Amalgamated Union Local 450 A Welfare Fund (EIN: 61697982) is a nonprofit organization based in Bayside, NY, classified under NTEE code Y43. The organization reported total revenue of $8.1M and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amalgamated Union Local 450 A Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amalgamated Union Local 450 A Welfare Fund is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$39K |
| Total Assets | $589K |
| Net Assets | $589K |
| Operating Margin | 0.5% |
| Months of Reserves | 0.9 months |
Financial Health Grade: A
In 2023, Amalgamated Union Local 450 A Welfare Fund reported a surplus of $39K with revenue exceeding expenses, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2013–2023), Amalgamated Union Local 450 A Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +8.6% | +7.1% |
| 2022 | +7.5% | +8.1% | -2.9% |
| 2021 | -13.7% | -13.8% | +4.4% |
| 2020 | +1.0% | +1.3% | +3.1% |
| 2019 | +6.3% | +5.9% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Amalgamated Union Local 450 A Welfare Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amalgamated Union Local 450 A Welfare Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
Frequently Asked Questions about Amalgamated Union Local 450 A Welfare Fund
Is Amalgamated Union Local 450 A Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Amalgamated Union Local 450 A Welfare Fund (EIN: 61697982) insufficient data. 0 red flags identified, 0 strengths noted.
How does Amalgamated Union Local 450 A Welfare Fund spend its money?
Detailed spending breakdown data is not yet available for Amalgamated Union Local 450 A Welfare Fund. Check back for updated IRS 990 analysis.
Are donations to Amalgamated Union Local 450 A Welfare Fund tax-deductible?
Amalgamated Union Local 450 A Welfare Fund is registered as a tax-exempt nonprofit (EIN: 61697982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Amalgamated Union Local 450 A Welfare Fund located?
Amalgamated Union Local 450 A Welfare Fund is headquartered in Bayside, New York and files with the IRS under EIN 61697982. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Amalgamated Union Local 450 A Welfare Fund have?
Amalgamated Union Local 450 A Welfare Fund has 11 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 $8.1M in total revenue.
Filing History
IRS 990 filing history for Amalgamated Union Local 450 A Welfare Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Amalgamated Union Local 450 A Welfare Fund's revenue has grown by 0.7%, moving from $7.6M to $7.7M. Total assets increased by 90.8% over the same period, from $309K to $589K. Total functional expenses rose by 2.5%, from $7.5M to $7.7M. In its most recent filing year (2023), Amalgamated Union Local 450 A Welfare Fund reported a surplus of $39K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $7.7M | $589K | $0 | — | — |
| 2022 | $7.0M | $7.1M | $550K | $0 | — | View 990 |
| 2021 | $6.5M | $6.5M | $566K | $0 | — | View 990 |
| 2020 | $7.6M | $7.6M | $542K | $0 | — | — |
| 2019 | $7.5M | $7.5M | $526K | $0 | — | View 990 |
| 2018 | $7.1M | $7.1M | $489K | $0 | — | View 990 |
| 2017 | $6.1M | $6.1M | $504K | $22K | — | — |
| 2016 | $5.2M | $5.2M | $506K | $0 | — | View 990 |
| 2015 | $5.8M | $5.7M | $522K | $0 | — | View 990 |
| 2014 | $7.6M | $7.4M | $490K | $0 | — | View 990 |
| 2013 | $7.6M | $7.5M | $309K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $7.7M, and assets of $589K (revenue +9.4% year-over-year).
- 2022: Revenue of $7.0M, expenses of $7.1M, and assets of $550K (revenue +7.5% year-over-year).
- 2021: Revenue of $6.5M, expenses of $6.5M, and assets of $566K (revenue -13.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.6M, and assets of $542K (revenue +1.0% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.5M, and assets of $526K (revenue +6.3% year-over-year).
- 2018: Revenue of $7.1M, expenses of $7.1M, and assets of $489K (revenue +16.7% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.1M, and assets of $504K (revenue +15.8% year-over-year).
- 2016: Revenue of $5.2M, expenses of $5.2M, and assets of $506K (revenue -9.6% year-over-year).
- 2015: Revenue of $5.8M, expenses of $5.7M, and assets of $522K (revenue -23.7% year-over-year).
- 2014: Revenue of $7.6M, expenses of $7.4M, and assets of $490K (revenue -0.9% year-over-year).
- 2013: Revenue of $7.6M, expenses of $7.5M, and assets of $309K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amalgamated Union Local 450 A Welfare Fund:
Data Sources and Methodology
This transparency report for Amalgamated Union Local 450 A 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.