Building Trades Welfare Benefit Fund

Building Trades Welfare Benefit Fund consistently expends more than it earns, relying on substantial assets to cover benefit obligations.

EIN: 113310062 · Garden City, NY · Updated: 2026-03-28

$33.3MRevenue

$25.3MAssets

85/100Mission Score (Excellent)

Is Building Trades Welfare Benefit Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Building Trades Welfare Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Building Trades Welfare Benefit Fund

Building Trades Welfare Benefit Fund (EIN: 113310062) is a nonprofit organization based in Garden City, NY. The organization reported total revenue of $33.3M and total assets of $25.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Trades Welfare Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Building Trades Welfare Benefit Fund operates as a significant welfare benefit fund, managing substantial assets and revenues to provide benefits. Over the past several years, the organization has consistently reported revenues and expenses in the tens of millions, with the latest reported revenue at $33,302,388 and assets at $25,312,902. A notable trend is that expenses have frequently exceeded revenues in recent periods, such as in 202312 where expenses were $22,265,849 against revenues of $22,184,610, and in 202212 where expenses were $26,153,659 against revenues of $21,874,913. This indicates a potential reliance on accumulated assets or investment income to cover benefit payouts.

The organization's financial health appears stable given its substantial asset base, which has generally remained strong despite periods of negative net income. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its primary purpose, which is a positive indicator of spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.

Transparency is generally good through its consistent IRS 990 filings. The absence of reported officer compensation is a strong point for transparency regarding executive pay. To further enhance transparency, a more detailed functional expense breakdown would be beneficial for external stakeholders to understand how funds are allocated between direct benefits, administrative overhead, and any fundraising activities, although as a welfare benefit fund, fundraising is likely minimal.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Building Trades Welfare Benefit 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Building Trades Welfare Benefit 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly favorable for directing funds to beneficiaries.

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 Trades Welfare Benefit Fund's IRS 990 filings:

Consistent negative net income in recent years (e.g., 202312, 202212, 202112, 202012, 201912) where expenses exceeded revenue.
NTEE code is unknown, limiting direct peer comparison for financial metrics.

Strengths

The following positive indicators were identified for Building Trades Welfare Benefit Fund:

Substantial asset base (e.g., $25,312,902 latest assets) provides financial stability.
Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
Consistent filing of IRS 990 forms demonstrates good transparency.
Strong historical revenue growth from $9,721,616 in 201412 to $33,302,388 latest reported.

Frequently Asked Questions about Building Trades Welfare Benefit Fund

Is Building Trades Welfare Benefit Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Building Trades Welfare Benefit Fund (EIN: 113310062) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Building Trades Welfare Benefit Fund spend its money?

Building Trades Welfare Benefit Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Building Trades Welfare Benefit Fund tax-deductible?

Building Trades Welfare Benefit Fund is registered as a tax-exempt nonprofit (EIN: 113310062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Building Trades Welfare Benefit Fund financially sustainable given its recurring expense over revenue trend?

While the organization has consistently reported expenses exceeding revenues in recent years (e.g., 202312, 202212, 202112), its substantial asset base (e.g., $25,312,902 latest assets) provides a buffer. Long-term sustainability will depend on investment performance and future revenue generation relative to benefit obligations.

What is the primary purpose of the Building Trades Welfare Benefit Fund?

As a 'Welfare Benefit Fund,' its primary purpose is to provide benefits to members, typically related to health, retirement, or other welfare provisions for individuals in the building trades. The consistent high expenses relative to revenue suggest significant benefit payouts.

How does the organization manage its liabilities?

The organization consistently reports liabilities (e.g., $4,402,097 in 202312) which are well-covered by its assets (e.g., $19,763,174 in 202312), indicating a healthy balance sheet in terms of solvency.

Filing History

IRS 990 filing history for Building Trades Welfare Benefit Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Building Trades Welfare Benefit Fund's revenue has grown by 146.6%, moving from $9.0M to $22.2M. Total assets decreased by 6.5% over the same period, from $21.1M to $19.8M. Total functional expenses rose by 181.4%, from $7.9M to $22.3M. In its most recent filing year (2023), Building Trades Welfare Benefit Fund reported a deficit of $81K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $19.8M in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $15.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.2M	$22.3M	$19.8M	$4.4M	—	—
2022	$21.9M	$26.2M	$18.7M	$4.2M	—	View 990
2021	$23.8M	$27.2M	$26.3M	$4.3M	—	View 990
2020	$22.3M	$24.7M	$28.0M	$3.8M	—	—
2019	$23.8M	$26.3M	$28.7M	$4.8M	—	View 990
2018	$24.1M	$22.3M	$26.4M	$3.5M	—	View 990
2017	$21.3M	$18.9M	$25.1M	$2.9M	—	View 990
2016	$15.7M	$15.4M	$19.9M	$1.8M	—	View 990
2015	$10.8M	$12.7M	$19.1M	$1.6M	—	View 990
2014	$9.7M	$11.7M	$20.9M	$1.3M	—	View 990
2013	$8.7M	$9.0M	$22.3M	$5.3M	—	View 990
2012	$7.6M	$8.4M	$21.0M	$4.6M	—	View 990
2011	$9.0M	$7.9M	$21.1M	$4.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22.2M, expenses of $22.3M, and assets of $19.8M (revenue +1.4% year-over-year).
2022: Revenue of $21.9M, expenses of $26.2M, and assets of $18.7M (revenue -8.1% year-over-year).
2021: Revenue of $23.8M, expenses of $27.2M, and assets of $26.3M (revenue +6.9% year-over-year).
2020: Revenue of $22.3M, expenses of $24.7M, and assets of $28.0M (revenue -6.3% year-over-year).
2019: Revenue of $23.8M, expenses of $26.3M, and assets of $28.7M (revenue -1.4% year-over-year).
2018: Revenue of $24.1M, expenses of $22.3M, and assets of $26.4M (revenue +13.2% year-over-year).
2017: Revenue of $21.3M, expenses of $18.9M, and assets of $25.1M (revenue +35.2% year-over-year).
2016: Revenue of $15.7M, expenses of $15.4M, and assets of $19.9M (revenue +45.5% year-over-year).
2015: Revenue of $10.8M, expenses of $12.7M, and assets of $19.1M (revenue +11.3% year-over-year).
2014: Revenue of $9.7M, expenses of $11.7M, and assets of $20.9M (revenue +11.2% year-over-year).
2013: Revenue of $8.7M, expenses of $9.0M, and assets of $22.3M (revenue +14.3% year-over-year).
2012: Revenue of $7.6M, expenses of $8.4M, and assets of $21.0M (revenue -15.0% year-over-year).
2011: Revenue of $9.0M, expenses of $7.9M, and assets of $21.1M.

Data Sources and Methodology

This transparency report for Building Trades Welfare Benefit 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.