Bricklayers Local 8 Welfare Fund
Bricklayers Local 8 Welfare Fund maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 166058900 · Ithaca, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $2.5M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Bricklayers Local 8 Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bricklayers Local 8 Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bricklayers Local 8 Welfare Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.7M and expenses of $1.7M.
Revenue and Expenses
Bricklayers Local 8 Welfare Fund reported $1.7M in revenue and $1.7M in expenses, a surplus of $32K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Bricklayers Local 8 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.5M (90%) |
Across stored filings, Bricklayers Local 8 Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Ithaca, NY nonprofitsFollow the Money
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Keep the Investigation Moving
Bricklayers Local 8 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bricklayers Local 8 Welfare Fund
Bricklayers Local 8 Welfare Fund (EIN: 166058900) is a nonprofit organization based in Ithaca, NY. The organization reported total revenue of $3.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers Local 8 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bricklayers Local 8 Welfare Fund is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$32K |
| Total Assets | $2.5M |
| Total Liabilities | $84K |
| Net Assets | $2.5M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Bricklayers Local 8 Welfare Fund reported a surplus of $32K with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bricklayers Local 8 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +9.8% | -0.1% |
| 2022 | +17.7% | +1.9% | -3.1% |
| 2021 | -12.1% | +2.9% | +5.2% |
| 2020 | +2.6% | +1.2% | +5.0% |
| 2019 | -1.6% | +4.6% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Local 8 Welfare Fund with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bricklayers Local 8 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 surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the fund, which is highly favorable for a welfare fund 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.
Strengths
The following positive indicators were identified for Bricklayers Local 8 Welfare Fund:
- Consistent financial stability with revenues generally exceeding expenses.
- Healthy and growing asset base, increasing from $1,939,010 in 201704 to $2,541,659 in 202304.
- Zero reported officer compensation, indicating high efficiency and dedication of resources to the fund's purpose.
- Low liabilities relative to assets, suggesting strong financial health and minimal risk.
- Consistent filing history demonstrating transparency and accountability.
Frequently Asked Questions about Bricklayers Local 8 Welfare Fund
Is Bricklayers Local 8 Welfare Fund a legitimate charity?
Bricklayers Local 8 Welfare Fund (EIN: 166058900) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bricklayers Local 8 Welfare Fund spend its money?
Bricklayers Local 8 Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bricklayers Local 8 Welfare Fund tax-deductible?
Bricklayers Local 8 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 166058900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bricklayers Local 8 Welfare Fund located?
Bricklayers Local 8 Welfare Fund is headquartered in Ithaca, New York and files with the IRS under EIN 166058900.
How many years of IRS 990 filings does Bricklayers Local 8 Welfare Fund have?
Bricklayers Local 8 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 $3.0M in total revenue.
Is Bricklayers Local 8 Welfare Fund financially stable?
Yes, the fund demonstrates strong financial stability with consistent revenue covering expenses and growing assets. For example, in 202304, revenue was $1,698,382 and expenses were $1,665,913, with assets at $2,541,659.
How does the fund manage executive compensation?
The fund reports 0% officer compensation across all available filings, indicating that no officers are paid by the fund, which is a strong positive for transparency and resource allocation.
Are the fund's assets growing over time?
Yes, the fund's assets have shown consistent growth, increasing from $1,939,010 in 201704 to $2,541,659 in 202304.
Filing History
IRS 990 filing history for Bricklayers Local 8 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bricklayers Local 8 Welfare Fund's revenue has grown by 58%, moving from $1.1M to $1.7M. Total assets increased by 14.3% over the same period, from $2.2M to $2.5M. Total functional expenses rose by 51.2%, from $1.1M to $1.7M. In its most recent filing year (2023), Bricklayers Local 8 Welfare Fund reported a surplus of $32K, with revenue exceeding expenses. The organization holds $84K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $2.5M | $84K | — | View 990 |
| 2022 | $1.6M | $1.5M | $2.5M | $61K | — | View 990 |
| 2021 | $1.4M | $1.5M | $2.6M | $71K | — | — |
| 2020 | $1.6M | $1.4M | $2.5M | $47K | — | — |
| 2019 | $1.5M | $1.4M | $2.4M | $68K | — | View 990 |
| 2018 | $1.6M | $1.4M | $2.1M | $54K | — | View 990 |
| 2017 | $1.3M | $1.2M | $1.9M | $64K | — | View 990 |
| 2016 | $1.1M | $1.3M | $1.8M | $45K | — | View 990 |
| 2015 | $1.2M | $1.3M | $2.0M | $59K | — | View 990 |
| 2014 | $1.3M | $1.2M | $2.1M | $59K | — | View 990 |
| 2013 | $1.0M | $1.2M | $2.0M | $46K | — | View 990 |
| 2012 | $1.1M | $1.1M | $2.2M | $25K | — | View 990 |
| 2011 | $1.1M | $1.1M | $2.2M | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $2.5M (revenue +4.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue +17.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $2.6M (revenue -12.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $2.5M (revenue +2.6% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $2.4M (revenue -1.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $2.1M (revenue +20.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue +17.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $1.8M (revenue -9.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $2.0M (revenue -4.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $2.1M (revenue +25.2% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.2M, and assets of $2.0M (revenue -5.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $2.2M (revenue +1.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bricklayers Local 8 Welfare Fund:
Data Sources and Methodology
This transparency report for Bricklayers Local 8 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.