Buffalo Laborers Welfare Fund
Buffalo Laborers Welfare Fund consistently maintains strong financial health with growing assets and no reported officer compensation.
EIN: 160806902 · Cheektowaga, NY · Updated: 2026-03-28
Is Buffalo Laborers Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Laborers Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Laborers Welfare Fund
Buffalo Laborers Welfare Fund (EIN: 160806902) is a nonprofit organization based in Cheektowaga, NY. The organization reported total revenue of $11.3M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Laborers Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Laborers Welfare Fund is a large nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $9.5M |
| Surplus / Deficit | +$841K |
| Total Assets | $21.1M |
| Total Liabilities | $154K |
| Net Assets | $20.9M |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 26.6 months |
Financial Health Grade: A
In 2023, Buffalo Laborers Welfare Fund reported a surplus of $841K with revenue exceeding expenses, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Laborers Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | -1.2% | +4.9% |
| 2022 | +7.9% | +5.5% | -4.0% |
| 2021 | -2.1% | -6.0% | +6.9% |
| 2020 | -3.8% | -3.1% | -0.1% |
| 2019 | -6.1% | -1.7% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Buffalo Laborers 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, Buffalo Laborers 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 $841K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $10 million in annual revenue and $20 million in assets. This suggests that executive functions may be compensated through other means, or that the fund operates with an entirely volunteer or externally compensated leadership structure, which would be exceptionally efficient.
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 Buffalo Laborers Welfare Fund's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure how leadership is compensated.
Strengths
The following positive indicators were identified for Buffalo Laborers Welfare Fund:
- Consistent revenue generation exceeding expenses, indicating strong financial management.
- Healthy and growing asset base, increasing from $16.8 million to over $21 million over the past decade.
- Very low liabilities relative to assets, suggesting minimal financial risk.
- No reported officer compensation, potentially indicating high efficiency in leadership costs.
Frequently Asked Questions about Buffalo Laborers Welfare Fund
Is Buffalo Laborers Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Laborers Welfare Fund (EIN: 160806902) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Buffalo Laborers Welfare Fund spend its money?
Buffalo Laborers Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buffalo Laborers Welfare Fund tax-deductible?
Buffalo Laborers Welfare Fund is registered as a tax-exempt nonprofit (EIN: 160806902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Buffalo Laborers Welfare Fund manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be compensated through a related entity, or that the fund operates with an entirely volunteer or externally funded leadership structure. Further investigation into the fund's operational model and related party transactions would be needed to fully understand this.
What is the primary purpose of the Buffalo Laborers Welfare Fund?
Based on its name, the Buffalo Laborers Welfare Fund likely provides welfare benefits (such as health, pension, or other support) to laborers. The consistent revenue and expense figures suggest ongoing benefit distribution, but the specific programs are not detailed in the provided financial summary.
Is the Buffalo Laborers Welfare Fund financially stable?
Yes, the Buffalo Laborers Welfare Fund appears to be very financially stable. Its revenues consistently exceed expenses, leading to a steady growth in assets from $16.8 million in 2014 to over $21 million in 2023. Liabilities are also very low relative to assets, indicating a strong financial position.
Filing History
IRS 990 filing history for Buffalo Laborers Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Laborers Welfare Fund's revenue has declined by 9.5%, moving from $11.4M to $10.4M. Total assets increased by 42.1% over the same period, from $14.8M to $21.1M. Total functional expenses fell by 9.8%, from $10.6M to $9.5M. In its most recent filing year (2023), Buffalo Laborers Welfare Fund reported a surplus of $841K, with revenue exceeding expenses. The organization holds $154K in liabilities against $21.1M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $20.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $9.5M | $21.1M | $154K | — | View 990 |
| 2022 | $10.3M | $9.6M | $20.1M | $149K | — | View 990 |
| 2021 | $9.6M | $9.1M | $20.9M | $164K | — | View 990 |
| 2020 | $9.8M | $9.7M | $19.6M | $126K | — | — |
| 2019 | $10.1M | $10.0M | $19.6M | $146K | — | View 990 |
| 2018 | $10.8M | $10.2M | $19.4M | $158K | — | View 990 |
| 2017 | $10.4M | $11.2M | $18.9M | $187K | — | View 990 |
| 2016 | $11.6M | $10.4M | $19.5M | $176K | — | View 990 |
| 2015 | $12.0M | $10.1M | $18.5M | $308K | — | View 990 |
| 2014 | $10.7M | $10.7M | $16.8M | $145K | — | View 990 |
| 2013 | $11.5M | $10.7M | $16.8M | $259K | — | View 990 |
| 2012 | $12.2M | $10.8M | $16.1M | $171K | — | View 990 |
| 2011 | $11.4M | $10.6M | $14.8M | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $9.5M, and assets of $21.1M (revenue +0.5% year-over-year).
- 2022: Revenue of $10.3M, expenses of $9.6M, and assets of $20.1M (revenue +7.9% year-over-year).
- 2021: Revenue of $9.6M, expenses of $9.1M, and assets of $20.9M (revenue -2.1% year-over-year).
- 2020: Revenue of $9.8M, expenses of $9.7M, and assets of $19.6M (revenue -3.8% year-over-year).
- 2019: Revenue of $10.1M, expenses of $10.0M, and assets of $19.6M (revenue -6.1% year-over-year).
- 2018: Revenue of $10.8M, expenses of $10.2M, and assets of $19.4M (revenue +3.5% year-over-year).
- 2017: Revenue of $10.4M, expenses of $11.2M, and assets of $18.9M (revenue -9.9% year-over-year).
- 2016: Revenue of $11.6M, expenses of $10.4M, and assets of $19.5M (revenue -3.6% year-over-year).
- 2015: Revenue of $12.0M, expenses of $10.1M, and assets of $18.5M (revenue +12.3% year-over-year).
- 2014: Revenue of $10.7M, expenses of $10.7M, and assets of $16.8M (revenue -6.7% year-over-year).
- 2013: Revenue of $11.5M, expenses of $10.7M, and assets of $16.8M (revenue -5.7% year-over-year).
- 2012: Revenue of $12.2M, expenses of $10.8M, and assets of $16.1M (revenue +6.3% year-over-year).
- 2011: Revenue of $11.4M, expenses of $10.6M, and assets of $14.8M.
Data Sources and Methodology
This transparency report for Buffalo Laborers 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.