Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund
Bricklayers & Allied Craftworkers Local 5 Welfare Fund maintains stable assets despite fluctuating annual revenues and occasional expense overruns.
EIN: 146022899 · Rego Park, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| Net Assets | $6.2M |
| Transparency Score | 75/100 |
Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund (EIN: 146022899) is a nonprofit organization based in Rego Park, NY. The organization reported total revenue of $3.7M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund is a mid-size nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-702,018 |
| Total Assets | $10.2M |
| Total Liabilities | $4.1M |
| Net Assets | $6.2M |
| Operating Margin | -22.9% |
| Debt-to-Asset Ratio | 39.9% |
| Months of Reserves | 32.7 months |
Financial Health Grade: B
In 2023, Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund reported a deficit of $702K with expenses exceeding revenue, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 39.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +51.8% | +7.0% |
| 2022 | +2.6% | -33.3% | -8.4% |
| 2021 | -0.1% | +42.3% | -5.7% |
| 2020 | +2.9% | -21.4% | +8.6% |
| 2019 | -12.0% | +14.1% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
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 Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund with a Mission Score of 75 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: 90%
- fundraising: 0%
According to IRS 990 filings, Bricklayers & Allied Craftworkers Local 5 New York Welfare 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $702K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the fund's leadership either serves without direct compensation or that compensation is structured in a way not reported as officer compensation on the 990, which is unusual for an organization of this size.
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 Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's IRS 990 filings:
- Consistent periods where expenses exceed revenue (e.g., 2023, 2021, 2019), potentially drawing down reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full spending efficiency analysis difficult.
- Reporting 0% officer compensation for an organization with multi-million dollar revenues and assets is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund:
- Strong and consistent asset base, generally around $10 million, providing financial stability.
- Regular IRS 990 filings demonstrate a commitment to transparency.
- No reported officer compensation, suggesting a potentially lean executive overhead.
- Long history of operations with 13 filings, indicating organizational longevity and experience.
Frequently Asked Questions about Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund
Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund (EIN: 146022899) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund spend its money?
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund tax-deductible?
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund is registered as a tax-exempt nonprofit (EIN: 146022899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund located?
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund is headquartered in Rego Park, New York and files with the IRS under EIN 146022899.
How many years of IRS 990 filings does Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund have?
Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund has 13 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 $3.7M in total revenue.
Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund a good charity?
As a welfare fund, its primary purpose is to provide benefits to its members, not operate as a traditional public charity. Based on the data, it appears to be financially stable with consistent assets, and it reports no officer compensation, which suggests efficient use of funds at the executive level. However, without detailed expense breakdowns, it's hard to fully assess its 'goodness' in terms of program delivery efficiency.
How does the fund manage periods where expenses exceed revenue?
The fund has experienced several periods where expenses exceeded revenue, such as in 2023 ($3,764,421 expenses vs. $3,062,403 revenue) and 2021 ($3,717,795 expenses vs. $2,782,182 revenue). Given its consistent asset base of around $10 million, it likely draws from these reserves during such periods to cover shortfalls, indicating a reliance on its accumulated capital.
What is the trend in the fund's financial health?
The fund's financial health appears stable over the long term, with assets consistently around $10 million. While there are year-to-year fluctuations in revenue and expenses, the fund has maintained a strong asset base, suggesting resilience. For example, assets in 2014 were $8,306,405 and in 2023 were $10,243,796, showing growth over the decade.
Filing History
IRS 990 filing history for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's revenue has grown by 15.8%, moving from $2.6M to $3.1M. Total assets increased by 20.3% over the same period, from $8.5M to $10.2M. Total functional expenses rose by 31.9%, from $2.9M to $3.8M. In its most recent filing year (2023), Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund reported a deficit of $702K, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $10.2M in assets (debt-to-asset ratio: 39.9%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.8M | $10.2M | $4.1M | — | — |
| 2022 | $2.9M | $2.5M | $9.6M | $3.2M | — | View 990 |
| 2021 | $2.8M | $3.7M | $10.4M | $2.9M | — | View 990 |
| 2020 | $2.8M | $2.6M | $11.1M | $3.2M | — | — |
| 2019 | $2.7M | $3.3M | $10.2M | $3.1M | — | View 990 |
| 2018 | $3.1M | $2.9M | $10.2M | $3.5M | — | View 990 |
| 2017 | $4.4M | $3.5M | $10.1M | $3.2M | — | View 990 |
| 2016 | $3.7M | $3.2M | $9.2M | $2.7M | — | View 990 |
| 2015 | $2.8M | $2.8M | $8.3M | $2.3M | — | View 990 |
| 2014 | $2.4M | $2.6M | $8.3M | $2.0M | — | View 990 |
| 2013 | $2.4M | $3.6M | $8.2M | $2.0M | — | View 990 |
| 2012 | $2.6M | $2.6M | $8.6M | $1.4M | — | View 990 |
| 2011 | $2.6M | $2.9M | $8.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.8M, and assets of $10.2M (revenue +7.3% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.5M, and assets of $9.6M (revenue +2.6% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.7M, and assets of $10.4M (revenue -0.1% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.6M, and assets of $11.1M (revenue +2.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $3.3M, and assets of $10.2M (revenue -12.0% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.9M, and assets of $10.2M (revenue -29.6% year-over-year).
- 2017: Revenue of $4.4M, expenses of $3.5M, and assets of $10.1M (revenue +17.0% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.2M, and assets of $9.2M (revenue +33.3% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $8.3M (revenue +15.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.6M, and assets of $8.3M (revenue +2.5% year-over-year).
- 2013: Revenue of $2.4M, expenses of $3.6M, and assets of $8.2M (revenue -7.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $8.6M (revenue -3.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.9M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund:
Data Sources and Methodology
This transparency report for Bricklayers & Allied Craftworkers Local 5 New York 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.