Central New York Laborers Health And Welfare Fund
Central New York Laborers Health And Welfare Fund consistently maintains strong asset base with no reported officer compensation.
EIN: 166044095 · East Syracuse, NY · Updated: 2026-03-28
Is Central New York Laborers Health And Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central New York Laborers Health And Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central New York Laborers Health And Welfare Fund
Central New York Laborers Health And Welfare Fund (EIN: 166044095) is a nonprofit organization based in East Syracuse, NY. The organization reported total revenue of $5.5M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central New York Laborers Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central New York Laborers Health And Welfare Fund is a mid-size nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$322K |
| Total Assets | $9.8M |
| Total Liabilities | $164K |
| Net Assets | $9.6M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 45.4 months |
Financial Health Grade: A
In 2023, Central New York Laborers Health And Welfare Fund reported a surplus of $322K with revenue exceeding expenses, holds 45.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central New York Laborers Health And Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.1% | +8.6% | +6.2% |
| 2022 | -0.4% | -26.7% | -6.5% |
| 2021 | -6.8% | +3.0% | +1.3% |
| 2020 | +45.5% | -5.5% | +1.8% |
| 2019 | -24.7% | +4.2% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Central New York Laborers Health And Welfare 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Central New York Laborers Health And Welfare Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $322K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated from the fund's operational budget, which is a strong positive for financial transparency and resource allocation.
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 Central New York Laborers Health And Welfare Fund's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Central New York Laborers Health And Welfare Fund:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency.
- Maintains a robust asset base significantly higher than liabilities, demonstrating financial stability.
- Generally operates with a surplus, indicating effective financial management in most periods.
- Long filing history (13 filings) provides good insight into financial trends.
Frequently Asked Questions about Central New York Laborers Health And Welfare Fund
Is Central New York Laborers Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Central New York Laborers Health And Welfare Fund (EIN: 166044095) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Central New York Laborers Health And Welfare Fund spend its money?
Central New York Laborers Health And Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central New York Laborers Health And Welfare Fund tax-deductible?
Central New York Laborers Health And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 166044095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Central New York Laborers Health And Welfare Fund a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial health with substantial assets and no reported officer compensation, suggesting good stewardship of funds. Its consistent operation as a health and welfare fund implies direct benefit to its members.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, with a recent high of $5,514,337 (latest) and a low of $2,254,042 in 201906. Expenses have generally tracked revenue, with some periods of deficit spending (e.g., 202106, 201906) and others showing surpluses (e.g., 202306, 202206).
How does the organization's asset base compare to its liabilities?
The organization consistently maintains a very strong asset base significantly exceeding its liabilities. For instance, in 202306, assets were $9,809,490 while liabilities were only $163,738, indicating robust financial stability.
Filing History
IRS 990 filing history for Central New York Laborers Health And Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central New York Laborers Health And Welfare Fund's revenue has declined by 22.4%, moving from $3.8M to $2.9M. Total assets increased by 14% over the same period, from $8.6M to $9.8M. Total functional expenses fell by 2.5%, from $2.7M to $2.6M. In its most recent filing year (2023), Central New York Laborers Health And Welfare Fund reported a surplus of $322K, with revenue exceeding expenses. The organization holds $164K in liabilities against $9.8M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.6M | $9.8M | $164K | — | View 990 |
| 2022 | $3.0M | $2.4M | $9.2M | $95K | — | View 990 |
| 2021 | $3.1M | $3.3M | $9.9M | $84K | — | View 990 |
| 2020 | $3.3M | $3.2M | $9.7M | $103K | — | — |
| 2019 | $2.3M | $3.3M | $9.6M | $0 | — | View 990 |
| 2018 | $3.0M | $3.2M | $10.7M | $49K | — | View 990 |
| 2017 | $2.9M | $3.3M | $10.9M | $81K | — | View 990 |
| 2016 | $3.3M | $3.0M | $11.2M | $40K | — | View 990 |
| 2015 | $3.9M | $2.3M | $11.1M | $92K | — | View 990 |
| 2014 | $4.4M | $2.6M | $9.7M | $0 | — | View 990 |
| 2013 | $1.9M | $2.7M | $7.9M | $5K | — | View 990 |
| 2012 | $2.5M | $2.6M | $8.6M | $9K | — | View 990 |
| 2011 | $3.8M | $2.7M | $8.6M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $9.8M (revenue -4.1% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.4M, and assets of $9.2M (revenue -0.4% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.3M, and assets of $9.9M (revenue -6.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.2M, and assets of $9.7M (revenue +45.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $3.3M, and assets of $9.6M (revenue -24.7% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.2M, and assets of $10.7M (revenue +2.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.3M, and assets of $10.9M (revenue -11.2% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.0M, and assets of $11.2M (revenue -15.2% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.3M, and assets of $11.1M (revenue -11.3% year-over-year).
- 2014: Revenue of $4.4M, expenses of $2.6M, and assets of $9.7M (revenue +132.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.7M, and assets of $7.9M (revenue -25.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.6M, and assets of $8.6M (revenue -33.3% year-over-year).
- 2011: Revenue of $3.8M, expenses of $2.7M, and assets of $8.6M.
Data Sources and Methodology
This transparency report for Central New York Laborers Health And 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.