Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund consistently maintains financial stability with growing assets and no reported officer compensation.
EIN: 160983640 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $5.3M |
| Program Spending | 90% |
| Net Assets | $6.5M |
| Transparency Score | 92/100 |
Is Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund (EIN: 160983640) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $7.7M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$764K |
| Total Assets | $6.6M |
| Total Liabilities | $76K |
| Net Assets | $6.5M |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund reported a surplus of $764K with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | +7.1% | +16.1% |
| 2022 | +7.5% | +5.5% | +2.1% |
| 2021 | -0.8% | +0.7% | -1.2% |
| 2020 | +0.7% | -2.0% | +9.2% |
| 2019 | -0.5% | +8.0% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 And Allied Craftworkers New York Local 3 Welfare Fund with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $764K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all available funds are directed towards the organization's welfare objectives.
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.
Strengths
The following positive indicators were identified for Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund:
- Consistent revenue exceeding expenses, as seen in 202309 with $6,034,322 revenue vs. $5,270,731 expenses.
- Steady growth in assets, increasing from $3,018,093 in 201509 to $6,590,169 in 202309.
- 0% officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Relatively low liabilities compared to assets, demonstrating strong financial solvency.
- Consistent filing history over 13 periods, suggesting good governance and transparency.
Frequently Asked Questions about Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund
Is Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund a legitimate charity?
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund (EIN: 160983640) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund spend its money?
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund tax-deductible?
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 160983640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund's spending goes to programs?
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund located?
Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund is headquartered in Rochester, New York and files with the IRS under EIN 160983640.
How many years of IRS 990 filings does Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund have?
Bricklayers And Allied Craftworkers New York Local 3 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 $7.7M in total revenue.
Is Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund a good charity?
Based on the available IRS 990 data, the organization appears to be a financially sound and well-managed entity. It consistently generates more revenue than expenses, has growing assets, and reports 0% officer compensation, all of which are strong indicators of a good charity focused on its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenues have generally increased from $4,387,190 in 201509 to $6,034,322 in 202309, and assets have more than doubled from $3,018,093 to $6,590,169 over the same period, demonstrating robust financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no officers receive salaries or other compensation directly from the fund. This suggests a highly efficient use of funds, with resources presumably directed entirely to welfare benefits and operational costs.
Filing History
IRS 990 filing history for Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund's revenue has grown by 35.1%, moving from $4.5M to $6.0M. Total assets increased by 123.9% over the same period, from $2.9M to $6.6M. Total functional expenses rose by 22.8%, from $4.3M to $5.3M. In its most recent filing year (2023), Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund reported a surplus of $764K, with revenue exceeding expenses. The organization holds $76K in liabilities against $6.6M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $5.3M | $6.6M | $76K | — | View 990 |
| 2022 | $5.5M | $4.9M | $5.7M | $93K | — | View 990 |
| 2021 | $5.1M | $4.7M | $5.6M | $87K | — | View 990 |
| 2020 | $5.1M | $4.6M | $5.6M | $456K | — | View 990 |
| 2019 | $5.1M | $4.7M | $5.1M | $234K | — | View 990 |
| 2018 | $5.1M | $4.4M | $4.3M | $79K | — | View 990 |
| 2017 | $4.7M | $4.4M | $3.6M | $74K | — | View 990 |
| 2016 | $4.7M | $4.4M | $3.4M | $95K | — | View 990 |
| 2015 | $4.4M | $4.8M | $3.0M | $61K | — | View 990 |
| 2014 | $5.2M | $5.0M | $3.9M | $384K | — | View 990 |
| 2013 | $5.1M | $4.9M | $3.5M | $184K | — | View 990 |
| 2012 | $4.7M | $4.4M | $3.4M | $147K | — | View 990 |
| 2011 | $4.5M | $4.3M | $2.9M | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $5.3M, and assets of $6.6M (revenue +10.6% year-over-year).
- 2022: Revenue of $5.5M, expenses of $4.9M, and assets of $5.7M (revenue +7.5% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.7M, and assets of $5.6M (revenue -0.8% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.6M, and assets of $5.6M (revenue +0.7% year-over-year).
- 2019: Revenue of $5.1M, expenses of $4.7M, and assets of $5.1M (revenue -0.5% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.4M, and assets of $4.3M (revenue +8.9% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.4M, and assets of $3.6M (revenue +0.9% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.4M, and assets of $3.4M (revenue +6.0% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.8M, and assets of $3.0M (revenue -15.1% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.0M, and assets of $3.9M (revenue +1.4% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.9M, and assets of $3.5M (revenue +8.4% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.4M, and assets of $3.4M (revenue +5.2% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.3M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bricklayers And Allied Craftworkers New York Local 3 Welfare Fund:
Data Sources and Methodology
This transparency report for Bricklayers And Allied Craftworkers New York Local 3 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.