Building Service 32 Bj Health Fund
Building Service 32 Bj Health Fund consistently generates substantial surpluses, growing assets to over $2.6 billion.
EIN: 132928869 · New York, NY · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2B |
| Total Expenses | $1.5B |
| Program Spending | 90% |
| Net Assets | $2.6B |
| Transparency Score | 85/100 |
Is Building Service 32 Bj Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Service 32 Bj Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building Service 32 Bj Health Fund
Building Service 32 Bj Health Fund (EIN: 132928869) is a nonprofit organization based in New York, NY, classified under NTEE code J40. The organization reported total revenue of $2.2B and total assets of $3.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Service 32 Bj Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Service 32 Bj Health Fund is a major nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9B |
| Total Expenses | $1.5B |
| Surplus / Deficit | +$361.9M |
| Total Assets | $2.6B |
| Total Liabilities | $37.7M |
| Net Assets | $2.6B |
| Operating Margin | 18.9% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2023, Building Service 32 Bj Health Fund reported a surplus of $361.9M with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Building Service 32 Bj Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +1.6% | +20.8% |
| 2022 | +1.2% | +2.1% | -2.9% |
| 2021 | +1.0% | +7.6% | +14.2% |
| 2020 | +5.9% | +1.1% | +23.0% |
| 2019 | +7.1% | +9.1% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2024 |
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 Building Service 32 Bj Health Fund with a Mission Score of 85 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, Building Service 32 Bj Health 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 $361.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of this size and revenue. This suggests that executive compensation may be structured differently or reported under other expense categories, or that the organization operates with an entirely volunteer leadership structure, which would be highly uncommon for a multi-billion dollar entity.
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 Building Service 32 Bj Health Fund's IRS 990 filings:
- Consistent 0% reported officer compensation for a multi-billion dollar organization, requiring further clarification.
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Building Service 32 Bj Health Fund:
- Consistent and substantial revenue growth over the past decade, from $1,048,600,078 in 201406 to $1,910,589,345 in 202306.
- Strong financial stability with assets significantly exceeding liabilities (e.g., $2,604,893,288 assets vs. $37,651,191 liabilities in 202306).
- Consistent generation of significant surpluses, indicating effective financial management and sustainability.
- Large asset base provides substantial financial capacity to fulfill its mission.
Frequently Asked Questions about Building Service 32 Bj Health Fund
Is Building Service 32 Bj Health Fund a legitimate charity?
Building Service 32 Bj Health Fund (EIN: 132928869) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2B. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Building Service 32 Bj Health Fund spend its money?
Building Service 32 Bj Health Fund directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Building Service 32 Bj Health Fund tax-deductible?
Building Service 32 Bj Health Fund is registered as a tax-exempt nonprofit (EIN: 132928869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Building Service 32 Bj Health Fund's spending goes to programs?
Building Service 32 Bj Health Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Building Service 32 Bj Health Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Building Service 32 Bj Health Fund is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Building Service 32 Bj Health Fund located?
Building Service 32 Bj Health Fund is headquartered in New York, New York and files with the IRS under EIN 132928869. It is classified under NTEE code J40.
How many years of IRS 990 filings does Building Service 32 Bj Health Fund have?
Building Service 32 Bj Health 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 $2.2B in total revenue.
How are the organization's executives compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for 'Officer Comp' across all filings is highly unusual for an organization with revenues in the billions. This suggests that executive compensation might be paid through a related entity, classified under different expense categories (e.g., 'salaries and wages' not specifically for officers), or that the organization relies on an entirely volunteer leadership, which is improbable given its scale.
What is the specific breakdown of program service expenses given the NTEE code J40 (Health Care Financing)?
Given the NTEE code J40, a significant portion of the organization's expenses would likely be direct payments for health care services or benefits. A detailed functional expense statement would clarify the exact percentage allocated to direct program services versus administrative overhead related to managing these benefits.
What is the organization's strategy for managing its rapidly growing asset base?
The organization's assets have grown from $841,540,051 in 201406 to $2,604,893,288 in 202306. Understanding the investment strategy for this substantial and growing asset base, and how investment returns contribute to its mission, would provide further insight into its financial management.
Filing History
IRS 990 filing history for Building Service 32 Bj Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Building Service 32 Bj Health Fund's revenue has grown by 122.5%, moving from $858.7M to $1.9B. Total assets increased by 294.5% over the same period, from $660.2M to $2.6B. Total functional expenses rose by 101.5%, from $768.5M to $1.5B. In its most recent filing year (2023), Building Service 32 Bj Health Fund reported a surplus of $361.9M, with revenue exceeding expenses. The organization holds $37.7M in liabilities against $2.6B in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $2.6B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9B | $1.5B | $2.6B | $37.7M | — | View 990 |
| 2022 | $1.7B | $1.5B | $2.2B | $38.3M | — | View 990 |
| 2021 | $1.7B | $1.5B | $2.2B | $28.2M | — | View 990 |
| 2020 | $1.6B | $1.4B | $1.9B | $5.9M | — | — |
| 2019 | $1.5B | $1.4B | $1.6B | $3.1M | — | View 990 |
| 2018 | $1.4B | $1.3B | $1.4B | $3.9M | — | View 990 |
| 2017 | $1.3B | $1.2B | $1.1B | $4.6M | — | View 990 |
| 2016 | $1.2B | $1.1B | $1.0B | $10.4M | — | View 990 |
| 2015 | $1.1B | $1.0B | $938.1M | $37.9M | — | View 990 |
| 2014 | $1.0B | $983.0M | $841.5M | $39.1M | — | View 990 |
| 2013 | $938.6M | $967.4M | $736.7M | $27.2M | — | View 990 |
| 2012 | $911.5M | $812.0M | $764.0M | $116.7M | — | View 990 |
| 2011 | $858.7M | $768.5M | $660.2M | $124.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9B, expenses of $1.5B, and assets of $2.6B (revenue +14.0% year-over-year).
- 2022: Revenue of $1.7B, expenses of $1.5B, and assets of $2.2B (revenue +1.2% year-over-year).
- 2021: Revenue of $1.7B, expenses of $1.5B, and assets of $2.2B (revenue +1.0% year-over-year).
- 2020: Revenue of $1.6B, expenses of $1.4B, and assets of $1.9B (revenue +5.9% year-over-year).
- 2019: Revenue of $1.5B, expenses of $1.4B, and assets of $1.6B (revenue +7.1% year-over-year).
- 2018: Revenue of $1.4B, expenses of $1.3B, and assets of $1.4B (revenue +13.4% year-over-year).
- 2017: Revenue of $1.3B, expenses of $1.2B, and assets of $1.1B (revenue +9.1% year-over-year).
- 2016: Revenue of $1.2B, expenses of $1.1B, and assets of $1.0B (revenue +5.4% year-over-year).
- 2015: Revenue of $1.1B, expenses of $1.0B, and assets of $938.1M (revenue +5.7% year-over-year).
- 2014: Revenue of $1.0B, expenses of $983.0M, and assets of $841.5M (revenue +11.7% year-over-year).
- 2013: Revenue of $938.6M, expenses of $967.4M, and assets of $736.7M (revenue +3.0% year-over-year).
- 2012: Revenue of $911.5M, expenses of $812.0M, and assets of $764.0M (revenue +6.1% year-over-year).
- 2011: Revenue of $858.7M, expenses of $768.5M, and assets of $660.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Service 32 Bj Health Fund:
Data Sources and Methodology
This transparency report for Building Service 32 Bj Health 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.