District Council 37 Benefits Fund Trust
District Council 37 Benefits Fund Trust shows consistent asset growth and no reported officer compensation.
EIN: 132988369 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $340.5M |
| Total Expenses | $235.5M |
| Program Spending | 90% |
| Net Assets | $661.9M |
| Transparency Score | 85/100 |
Is District Council 37 Benefits Fund Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
District Council 37 Benefits Fund Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About District Council 37 Benefits Fund Trust
District Council 37 Benefits Fund Trust (EIN: 132988369) is a nonprofit organization based in New York, NY. The organization reported total revenue of $340.5M and total assets of $888.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of District Council 37 Benefits Fund Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
District Council 37 Benefits Fund Trust is a major nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $292.4M |
| Total Expenses | $235.5M |
| Surplus / Deficit | +$56.9M |
| Total Assets | $751.3M |
| Total Liabilities | $89.4M |
| Net Assets | $661.9M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 38.3 months |
Financial Health Grade: A
In 2023, District Council 37 Benefits Fund Trust reported a surplus of $56.9M with revenue exceeding expenses, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), District Council 37 Benefits Fund Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -2.8% | +12.8% |
| 2022 | -11.6% | -1.9% | +1.0% |
| 2021 | +5.4% | +5.0% | +19.7% |
| 2020 | +4.1% | +1.3% | +27.3% |
| 2019 | +7.2% | -4.5% | +29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 District Council 37 Benefits Fund Trust 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, District Council 37 Benefits Fund Trust 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 $56.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity of its size with hundreds of millions in revenue and assets. This suggests that executive leadership is either entirely volunteer-based, compensated through a related entity, or that the trust's structure does not involve direct officer compensation reported on the 990.
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 District Council 37 Benefits Fund Trust's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further inquiry into executive compensation structures.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data, making a precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for District Council 37 Benefits Fund Trust:
- Consistent and significant asset growth over the past decade, from $260,745,593 in 2014 to $751,306,535 in 2023, indicating strong financial management.
- Revenue consistently exceeding expenses, leading to healthy surpluses and asset accumulation.
- Large asset base ($888,314,225) provides financial stability and capacity to fulfill its mission.
- No reported officer compensation on 990s, potentially indicating very low executive overhead or alternative compensation structures.
Frequently Asked Questions about District Council 37 Benefits Fund Trust
Is District Council 37 Benefits Fund Trust a legitimate charity?
District Council 37 Benefits Fund Trust (EIN: 132988369) 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: $340.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does District Council 37 Benefits Fund Trust spend its money?
District Council 37 Benefits Fund Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to District Council 37 Benefits Fund Trust tax-deductible?
District Council 37 Benefits Fund Trust is registered as a tax-exempt nonprofit (EIN: 132988369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is District Council 37 Benefits Fund Trust located?
District Council 37 Benefits Fund Trust is headquartered in New York, New York and files with the IRS under EIN 132988369.
How many years of IRS 990 filings does District Council 37 Benefits Fund Trust have?
District Council 37 Benefits Fund Trust 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 $340.5M in total revenue.
How are key decision-makers compensated if no officer compensation is reported?
The IRS 990 filings consistently show 0% officer compensation. This suggests that either the leadership is entirely volunteer, compensated through a related entity, or the trust's operational structure does not involve direct officer compensation reported in this section of the 990. Further investigation into related party transactions or management agreements would be necessary to understand the full compensation picture.
What is the detailed breakdown of program service expenses versus administrative costs?
While the overall expenses are reported, the provided data does not offer a granular breakdown of program service expenses versus administrative costs. Without this detail, it's difficult to precisely assess the efficiency of spending on its core mission versus overhead.
What is the primary source of the 'Latest Revenue' of $340,532,229, and how does it relate to the reported revenue in individual filings?
The 'Latest Revenue' figure of $340,532,229 is higher than the revenue reported in the most recent filing (202306: $292,392,809). This discrepancy suggests the 'Latest Revenue' might be from a different period or represent a different calculation (e.g., total contributions and grants vs. total revenue). Understanding the exact source and components of this figure is crucial for a complete financial picture.
Filing History
IRS 990 filing history for District Council 37 Benefits Fund Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), District Council 37 Benefits Fund Trust's revenue has grown by 22.8%, moving from $238.2M to $292.4M. Total assets increased by 205.3% over the same period, from $246.1M to $751.3M. Total functional expenses fell by 11.1%, from $264.9M to $235.5M. In its most recent filing year (2023), District Council 37 Benefits Fund Trust reported a surplus of $56.9M, with revenue exceeding expenses. The organization holds $89.4M in liabilities against $751.3M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $661.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $292.4M | $235.5M | $751.3M | $89.4M | — | View 990 |
| 2022 | $300.1M | $242.1M | $665.8M | $85.9M | — | View 990 |
| 2021 | $339.3M | $246.8M | $659.3M | $75.0M | — | — |
| 2020 | $321.9M | $235.1M | $550.8M | $74.1M | — | — |
| 2019 | $309.3M | $232.1M | $432.6M | $70.6M | — | View 990 |
| 2018 | $288.4M | $243.0M | $333.6M | $71.3M | — | View 990 |
| 2017 | $283.5M | $268.5M | $280.8M | $72.0M | — | View 990 |
| 2016 | $253.9M | $271.1M | $243.2M | $54.7M | — | View 990 |
| 2015 | $247.7M | $249.6M | $260.8M | $52.5M | — | View 990 |
| 2014 | $241.8M | $251.8M | $260.7M | $54.0M | — | View 990 |
| 2013 | $230.6M | $233.8M | $261.2M | $54.8M | — | View 990 |
| 2012 | $232.0M | $265.9M | $245.3M | $46.4M | — | View 990 |
| 2011 | $238.2M | $264.9M | $246.1M | $26.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $292.4M, expenses of $235.5M, and assets of $751.3M (revenue -2.6% year-over-year).
- 2022: Revenue of $300.1M, expenses of $242.1M, and assets of $665.8M (revenue -11.6% year-over-year).
- 2021: Revenue of $339.3M, expenses of $246.8M, and assets of $659.3M (revenue +5.4% year-over-year).
- 2020: Revenue of $321.9M, expenses of $235.1M, and assets of $550.8M (revenue +4.1% year-over-year).
- 2019: Revenue of $309.3M, expenses of $232.1M, and assets of $432.6M (revenue +7.2% year-over-year).
- 2018: Revenue of $288.4M, expenses of $243.0M, and assets of $333.6M (revenue +1.7% year-over-year).
- 2017: Revenue of $283.5M, expenses of $268.5M, and assets of $280.8M (revenue +11.7% year-over-year).
- 2016: Revenue of $253.9M, expenses of $271.1M, and assets of $243.2M (revenue +2.5% year-over-year).
- 2015: Revenue of $247.7M, expenses of $249.6M, and assets of $260.8M (revenue +2.4% year-over-year).
- 2014: Revenue of $241.8M, expenses of $251.8M, and assets of $260.7M (revenue +4.9% year-over-year).
- 2013: Revenue of $230.6M, expenses of $233.8M, and assets of $261.2M (revenue -0.6% year-over-year).
- 2012: Revenue of $232.0M, expenses of $265.9M, and assets of $245.3M (revenue -2.6% year-over-year).
- 2011: Revenue of $238.2M, expenses of $264.9M, and assets of $246.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for District Council 37 Benefits Fund Trust:
Data Sources and Methodology
This transparency report for District Council 37 Benefits Fund Trust 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.