Day Care Council Of New York Local 205 District Council 37 Welfare Fu
Day Care Council Of New York Local 205 District Council 37 Welfare Fu consistently operates at a deficit while maintaining substantial assets and reporting no officer compensation.
EIN: 132672380 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.5M |
| Total Expenses | $11.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $24.0M |
| Transparency Score | 70/100 |
Is Day Care Council Of New York Local 205 District Council 37 Welfare Fu Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Day Care Council Of New York Local 205 District Council 37 Welfare Fu directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Day Care Council Of New York Local 205 District Council 37 Welfare Fu
Day Care Council Of New York Local 205 District Council 37 Welfare Fu (EIN: 132672380) is a nonprofit organization based in New York, NY. The organization reported total revenue of $18.5M and total assets of $24.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Day Care Council Of New York Local 205 District Council 37 Welfare Fu's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Day Care Council Of New York Local 205 District Council 37 Welfare Fu is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $11.0M |
| Surplus / Deficit | $-955,610 |
| Total Assets | $24.9M |
| Total Liabilities | $887K |
| Net Assets | $24.0M |
| Operating Margin | -9.5% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 27.1 months |
Financial Health Grade: B
In 2023, Day Care Council Of New York Local 205 District Council 37 Welfare Fu reported a deficit of $956K with expenses exceeding revenue, holds 27.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Day Care Council Of New York Local 205 District Council 37 Welfare Fu's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.4% | -7.2% | -8.2% |
| 2022 | -5.8% | -8.6% | -10.0% |
| 2021 | +7.6% | -1.7% | +5.7% |
| 2020 | -11.2% | -4.4% | +9.1% |
| 2019 | +5.1% | -0.5% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Day Care Council Of New York Local 205 District Council 37 Welfare Fu with a Mission Score of 70 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Day Care Council Of New York Local 205 District Council 37 Welfare Fu allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $956K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% for officers across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization with over $10 million in annual expenses and $24 million in assets.
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 Day Care Council Of New York Local 205 District Council 37 Welfare Fu's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 7 of 10 periods, e.g., $11M expenses vs $10M revenue in 2023).
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate compensation is reported elsewhere or officers are uncompensated volunteers.
- Declining revenue trend in recent years (e.g., from $13.8M in 2019 to $10M in 2023).
Strengths
The following positive indicators were identified for Day Care Council Of New York Local 205 District Council 37 Welfare Fu:
- Strong asset base providing financial stability (e.g., $24.8M in assets in 2023).
- Consistent IRS 990 filing history, indicating regulatory compliance.
- Very low reported executive compensation (0% for officers), suggesting resources are not being diverted to high salaries.
Frequently Asked Questions about Day Care Council Of New York Local 205 District Council 37 Welfare Fu
Is Day Care Council Of New York Local 205 District Council 37 Welfare Fu a legitimate charity?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu (EIN: 132672380) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Day Care Council Of New York Local 205 District Council 37 Welfare Fu spend its money?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Day Care Council Of New York Local 205 District Council 37 Welfare Fu tax-deductible?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu is registered as a tax-exempt nonprofit (EIN: 132672380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Day Care Council Of New York Local 205 District Council 37 Welfare Fu CEO make?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu's highest-compensated officer earns $10 annually. The organization reported $18.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Day Care Council Of New York Local 205 District Council 37 Welfare Fu's spending goes to programs?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Day Care Council Of New York Local 205 District Council 37 Welfare Fu located?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu is headquartered in New York, New York and files with the IRS under EIN 132672380.
How many years of IRS 990 filings does Day Care Council Of New York Local 205 District Council 37 Welfare Fu have?
Day Care Council Of New York Local 205 District Council 37 Welfare Fu 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 $18.5M in total revenue.
How does the organization cover its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $11,016,481 expenses vs. $10,060,871 revenue in 2023). This suggests they are drawing from their substantial asset reserves, which were $24,886,566 in 2023.
What is the reason for 0% officer compensation?
All available IRS 990 filings report 0% officer compensation. This could mean officers are volunteers, compensated through a related entity, or the compensation is reported under a different category, which would require further investigation.
What are the primary program activities funded by the organization?
The NTEE code is unknown, and the provided data does not detail specific program activities. Given the name 'Day Care Council Of New York Local 205 District Council 37 Welfare Fu', it likely supports welfare or benefit programs related to day care workers or services in New York.
Is the organization's asset base sustainable given recurring deficits?
While the organization has a strong asset base (e.g., $24,886,566 in 2023), consistent operational deficits, such as the nearly $1 million deficit in 2023, will gradually deplete these assets if not addressed through increased revenue or reduced expenses.
Filing History
IRS 990 filing history for Day Care Council Of New York Local 205 District Council 37 Welfare Fu showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Day Care Council Of New York Local 205 District Council 37 Welfare Fu's revenue has grown by 34.6%, moving from $7.5M to $10.1M. Total assets decreased by 4.7% over the same period, from $26.1M to $24.9M. Total functional expenses rose by 114.7%, from $5.1M to $11.0M. In its most recent filing year (2023), Day Care Council Of New York Local 205 District Council 37 Welfare Fu reported a deficit of $956K, with expenses exceeding revenue. The organization holds $887K in liabilities against $24.9M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $24.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $11.0M | $24.9M | $887K | — | View 990 |
| 2022 | $12.5M | $11.9M | $27.1M | $2.5M | — | View 990 |
| 2021 | $13.2M | $13.0M | $30.1M | $1.4M | — | — |
| 2020 | $12.3M | $13.2M | $28.5M | $2.4M | — | — |
| 2019 | $13.9M | $13.8M | $26.1M | $532K | — | View 990 |
| 2018 | $13.2M | $13.9M | $25.2M | $499K | — | View 990 |
| 2017 | $13.1M | $14.1M | $25.2M | $438K | — | View 990 |
| 2016 | $14.0M | $14.5M | $25.1M | $401K | — | View 990 |
| 2015 | $13.1M | $14.5M | $25.9M | $142K | — | View 990 |
| 2014 | $15.5M | $14.4M | $27.4M | $157K | — | View 990 |
| 2013 | $12.6M | $12.9M | $26.2M | $108K | — | View 990 |
| 2012 | $7.1M | $6.3M | $26.7M | $287K | — | View 990 |
| 2011 | $7.5M | $5.1M | $26.1M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $11.0M, and assets of $24.9M (revenue -19.4% year-over-year).
- 2022: Revenue of $12.5M, expenses of $11.9M, and assets of $27.1M (revenue -5.8% year-over-year).
- 2021: Revenue of $13.2M, expenses of $13.0M, and assets of $30.1M (revenue +7.6% year-over-year).
- 2020: Revenue of $12.3M, expenses of $13.2M, and assets of $28.5M (revenue -11.2% year-over-year).
- 2019: Revenue of $13.9M, expenses of $13.8M, and assets of $26.1M (revenue +5.1% year-over-year).
- 2018: Revenue of $13.2M, expenses of $13.9M, and assets of $25.2M (revenue +0.8% year-over-year).
- 2017: Revenue of $13.1M, expenses of $14.1M, and assets of $25.2M (revenue -6.4% year-over-year).
- 2016: Revenue of $14.0M, expenses of $14.5M, and assets of $25.1M (revenue +6.8% year-over-year).
- 2015: Revenue of $13.1M, expenses of $14.5M, and assets of $25.9M (revenue -15.7% year-over-year).
- 2014: Revenue of $15.5M, expenses of $14.4M, and assets of $27.4M (revenue +23.7% year-over-year).
- 2013: Revenue of $12.6M, expenses of $12.9M, and assets of $26.2M (revenue +76.7% year-over-year).
- 2012: Revenue of $7.1M, expenses of $6.3M, and assets of $26.7M (revenue -4.9% year-over-year).
- 2011: Revenue of $7.5M, expenses of $5.1M, and assets of $26.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Day Care Council Of New York Local 205 District Council 37 Welfare Fu:
Data Sources and Methodology
This transparency report for Day Care Council Of New York Local 205 District Council 37 Welfare Fu 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.