Asc Group Welfare Benefit Trust
Asc Group Welfare Benefit Trust processes tens of millions in revenue annually with minimal assets and no reported officer compensation.
EIN: 133827659 · Houston, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.1M |
| Total Expenses | $33.3M |
| Program Spending | 85% |
| Net Assets | $366K |
| Transparency Score | 60/100 |
Is Asc Group Welfare Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asc Group Welfare Benefit Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asc Group Welfare Benefit Trust
Asc Group Welfare Benefit Trust (EIN: 133827659) is a nonprofit organization based in Houston, TX. The organization reported total revenue of $32.1M and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asc Group Welfare Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asc Group Welfare Benefit Trust is a large nonprofit that has been operating for 31 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.1M |
| Total Expenses | $33.3M |
| Surplus / Deficit | $-168,616 |
| Total Assets | $366K |
| Net Assets | $366K |
| Operating Margin | -0.5% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2018, Asc Group Welfare Benefit Trust reported a deficit of $169K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2011–2018), Asc Group Welfare Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +5.5% | +5.8% | -31.6% |
| 2017 | -10.6% | -9.8% | -10.0% |
| 2016 | +1.0% | +0.3% | +62.8% |
| 2015 | +11.5% | +11.2% | -2.3% |
| 2014 | +31.0% | +33.3% | -56.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Asc Group Welfare Benefit Trust with a Mission Score of 60 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Asc Group Welfare Benefit Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported across all eight available filings, which is unusual for an organization handling tens of millions in revenue annually. This could indicate a volunteer-led structure or that compensation is categorized differently, warranting further scrutiny.
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 Asc Group Welfare Benefit Trust's IRS 990 filings:
- Extremely low assets ($10,395) relative to multi-million dollar revenue ($32,055,242), indicating a potential pass-through structure or lack of financial reserves.
- Consistent expenses closely matching or slightly exceeding revenue, suggesting minimal accumulation of funds.
- No reported officer compensation across all filings, which is unusual for an organization of this financial scale.
Strengths
The following positive indicators were identified for Asc Group Welfare Benefit Trust:
- Consistent annual revenue generation in the tens of millions.
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- Generally low or zero reported liabilities across most filing periods, suggesting good debt management.
Frequently Asked Questions about Asc Group Welfare Benefit Trust
Is Asc Group Welfare Benefit Trust a legitimate charity?
Asc Group Welfare Benefit Trust (EIN: 133827659) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 60/100. It has 8 years of IRS 990 filings on record. Total revenue: $32.1M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Asc Group Welfare Benefit Trust spend its money?
Asc Group Welfare Benefit Trust directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Asc Group Welfare Benefit Trust tax-deductible?
Asc Group Welfare Benefit Trust is registered as a tax-exempt nonprofit (EIN: 133827659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Asc Group Welfare Benefit Trust's spending goes to programs?
Asc Group Welfare Benefit Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Asc Group Welfare Benefit Trust located?
Asc Group Welfare Benefit Trust is headquartered in Houston, Texas and files with the IRS under EIN 133827659.
How many years of IRS 990 filings does Asc Group Welfare Benefit Trust have?
Asc Group Welfare Benefit Trust has 8 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 $32.1M in total revenue.
Why does Asc Group Welfare Benefit Trust have such low assets ($10,395) compared to its multi-million dollar revenue ($32,055,242)?
The extremely low asset base suggests that the organization functions primarily as a pass-through entity, disbursing funds almost as quickly as they are received, rather than accumulating significant reserves. This structure is common for certain types of trusts or benefit plans.
What specific welfare benefits does this trust provide?
The provided IRS 990 summary data does not detail the specific welfare benefits. A review of the full Form 990 would be necessary to understand the organization's program services and beneficiaries.
How does the organization manage to operate with no reported officer compensation?
The absence of reported officer compensation could mean that the organization is entirely volunteer-run, or that compensation for key personnel is reported under other expense lines, or that the trust is managed by an external entity whose fees are not classified as officer compensation on the 990.
Filing History
IRS 990 filing history for Asc Group Welfare Benefit Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Asc Group Welfare Benefit Trust's revenue has grown by 89.6%, moving from $17.5M to $33.1M. Total assets decreased by 90% over the same period, from $3.6M to $366K. Total functional expenses rose by 90%, from $17.5M to $33.3M. In its most recent filing year (2018), Asc Group Welfare Benefit Trust reported a deficit of $169K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $33.1M | $33.3M | $366K | $0 | — | View 990 |
| 2017 | $31.4M | $31.4M | $534K | $0 | — | View 990 |
| 2016 | $35.1M | $34.9M | $594K | $0 | — | View 990 |
| 2015 | $34.7M | $34.8M | $365K | $0 | — | View 990 |
| 2014 | $31.2M | $31.3M | $373K | $0 | — | View 990 |
| 2013 | $23.8M | $23.4M | $861K | $395K | — | View 990 |
| 2012 | $15.2M | $18.7M | $120K | $0 | — | — |
| 2011 | $17.5M | $17.5M | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $33.1M, expenses of $33.3M, and assets of $366K (revenue +5.5% year-over-year).
- 2017: Revenue of $31.4M, expenses of $31.4M, and assets of $534K (revenue -10.6% year-over-year).
- 2016: Revenue of $35.1M, expenses of $34.9M, and assets of $594K (revenue +1.0% year-over-year).
- 2015: Revenue of $34.7M, expenses of $34.8M, and assets of $365K (revenue +11.5% year-over-year).
- 2014: Revenue of $31.2M, expenses of $31.3M, and assets of $373K (revenue +31.0% year-over-year).
- 2013: Revenue of $23.8M, expenses of $23.4M, and assets of $861K (revenue +57.0% year-over-year).
- 2012: Revenue of $15.2M, expenses of $18.7M, and assets of $120K (revenue -13.2% year-over-year).
- 2011: Revenue of $17.5M, expenses of $17.5M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asc Group Welfare Benefit Trust:
Data Sources and Methodology
This transparency report for Asc Group Welfare Benefit Trust 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.