Health & Welfare Fund Local 456 Ib
Health & Welfare Fund Local 456 Ib: Stable Finances, High Program Spending
EIN: 222317253 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $40.7M |
| Total Expenses | $23.0M |
| Program Spending | 90% |
| Net Assets | $70.6M |
| Transparency Score | 85/100 |
Is Health & Welfare Fund Local 456 Ib Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Health & Welfare Fund Local 456 Ib directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health & Welfare Fund Local 456 Ib
Health & Welfare Fund Local 456 Ib (EIN: 222317253) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $40.7M and total assets of $80.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health & Welfare Fund Local 456 Ib's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health & Welfare Fund Local 456 Ib is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.2M |
| Total Expenses | $23.0M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $74.9M |
| Total Liabilities | $4.3M |
| Net Assets | $70.6M |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 39.0 months |
Financial Health Grade: A
In 2023, Health & Welfare Fund Local 456 Ib reported a surplus of $2.1M with revenue exceeding expenses, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health & Welfare Fund Local 456 Ib's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | -16.7% | +12.1% |
| 2022 | -8.8% | +10.8% | -21.9% |
| 2021 | -9.6% | +22.3% | -0.3% |
| 2020 | +5.8% | -12.9% | +13.4% |
| 2019 | +3.9% | -4.3% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Health & Welfare Fund Local 456 Ib 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Health & Welfare Fund Local 456 Ib allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely refers to fundraising compensation rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Health & Welfare Fund Local 456 Ib:
- Consistently high program spending, with 90% of expenses allocated to programs.
- Strong asset base, consistently above $66 million, providing financial stability.
- Low and stable liabilities, indicating good financial management.
- Consistent revenue streams, averaging around $23-26 million annually.
Frequently Asked Questions about Health & Welfare Fund Local 456 Ib
Is Health & Welfare Fund Local 456 Ib a legitimate charity?
Health & Welfare Fund Local 456 Ib (EIN: 222317253) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $40.7M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Health & Welfare Fund Local 456 Ib spend its money?
Health & Welfare Fund Local 456 Ib directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Health & Welfare Fund Local 456 Ib tax-deductible?
Health & Welfare Fund Local 456 Ib is registered as a tax-exempt nonprofit (EIN: 222317253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Health & Welfare Fund Local 456 Ib's spending goes to programs?
Health & Welfare Fund Local 456 Ib directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Health & Welfare Fund Local 456 Ib located?
Health & Welfare Fund Local 456 Ib is headquartered in Trenton, New Jersey and files with the IRS under EIN 222317253.
How many years of IRS 990 filings does Health & Welfare Fund Local 456 Ib have?
Health & Welfare Fund Local 456 Ib 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 $40.7M in total revenue.
What does Health & Welfare Fund Local 456 Ib do?
Health & Welfare Fund Local 456 Ib is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Health & Welfare Fund Local 456 Ib have?
Health & Welfare Fund Local 456 Ib reported total revenue of $40,660,402. Based on 13 IRS 990 filings on record.
What are Health & Welfare Fund Local 456 Ib's total assets?
Health & Welfare Fund Local 456 Ib holds total assets of $80,238,870 as reported in IRS 990 filings.
Where is Health & Welfare Fund Local 456 Ib located?
Health & Welfare Fund Local 456 Ib is based in Trenton, New Jersey.
What is Health & Welfare Fund Local 456 Ib's EIN?
Health & Welfare Fund Local 456 Ib's Employer Identification Number (EIN) is 222317253. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Health & Welfare Fund Local 456 Ib?
Health & Welfare Fund Local 456 Ib is classified under NTEE code Unknown (Unknown).
Is Health & Welfare Fund Local 456 Ib a registered 501(c)(3)?
Health & Welfare Fund Local 456 Ib appears in IRS records (EIN: 222317253). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Health & Welfare Fund Local 456 Ib file IRS Form 990?
Yes, Health & Welfare Fund Local 456 Ib has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Health & Welfare Fund Local 456 Ib's revenue in 2023?
In the 202312 filing period, Health & Welfare Fund Local 456 Ib reported total revenue of $25,154,227, total expenses of $23,045,015, and net assets of $74,917,423.
Is Health & Welfare Fund Local 456 Ib's revenue growing or declining?
Health & Welfare Fund Local 456 Ib's revenue is growing. Revenue went from $21,485,919 (202212) to $25,154,227 (202312), a +17.1% change. Based on 13 filings on record.
What is Health & Welfare Fund Local 456 Ib's most recent 990 filing?
The most recent IRS Form 990 filing for Health & Welfare Fund Local 456 Ib covers tax period 202312. It shows revenue of $25,154,227, expenses of $23,045,015, total assets of $74,917,423, and liabilities of $4,296,588.
How much does Health & Welfare Fund Local 456 Ib spend on programs vs administration?
Based on IRS 990 analysis, Health & Welfare Fund Local 456 Ib allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Health & Welfare Fund Local 456 Ib a trustworthy charity?
Based on AI analysis of IRS 990 data, Health & Welfare Fund Local 456 Ib appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Health & Welfare Fund Local 456 Ib's strengths?
Positive indicators for Health & Welfare Fund Local 456 Ib include: Consistently high program spending, with 90% of expenses allocated to programs.. Strong asset base, consistently above $66 million, providing financial stability.. Low and stable liabilities, indicating good financial management.. Consistent revenue streams, averaging around $23-26 million annually.. These findings are derived from AI analysis of the organization's financial filings.
How does Health & Welfare Fund Local 456 Ib compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely refers to fundraising compensation rather than executive salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' for fundraising compensation, what specific strategies does the organization employ to achieve such low fundraising costs?
The 'c0%' likely indicates that fundraising is conducted by internal staff whose salaries are not categorized as direct fundraising compensation, or that the organization relies heavily on non-monetary contributions for fundraising efforts, or that fundraising expenses are minimal due to the nature of a union health and welfare fund.
Filing History
IRS 990 filing history for Health & Welfare Fund Local 456 Ib showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health & Welfare Fund Local 456 Ib's revenue has declined by 1.6%, moving from $25.6M to $25.2M. Total assets increased by 354.1% over the same period, from $16.5M to $74.9M. Total functional expenses rose by 11.7%, from $20.6M to $23.0M. In its most recent filing year (2023), Health & Welfare Fund Local 456 Ib reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $74.9M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $70.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.2M | $23.0M | $74.9M | $4.3M | — | — |
| 2022 | $21.5M | $27.7M | $66.8M | $3.6M | — | View 990 |
| 2021 | $23.6M | $25.0M | $85.6M | $3.1M | — | View 990 |
| 2020 | $26.1M | $20.4M | $85.8M | $3.2M | — | View 990 |
| 2019 | $24.6M | $23.5M | $75.7M | $3.7M | — | — |
| 2018 | $23.7M | $24.5M | $67.1M | $3.0M | — | View 990 |
| 2017 | $22.8M | $24.8M | $71.8M | $2.6M | — | View 990 |
| 2016 | $25.1M | $24.2M | $66.4M | $1.9M | — | View 990 |
| 2015 | $26.2M | $23.6M | $64.1M | $2.1M | — | View 990 |
| 2014 | $26.8M | $20.8M | $63.0M | $1.9M | — | View 990 |
| 2013 | $34.1M | $17.3M | $55.8M | $1.8M | — | View 990 |
| 2012 | $39.6M | $19.3M | $43.4M | $7.4M | — | View 990 |
| 2011 | $25.6M | $20.6M | $16.5M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.2M, expenses of $23.0M, and assets of $74.9M (revenue +17.1% year-over-year).
- 2022: Revenue of $21.5M, expenses of $27.7M, and assets of $66.8M (revenue -8.8% year-over-year).
- 2021: Revenue of $23.6M, expenses of $25.0M, and assets of $85.6M (revenue -9.6% year-over-year).
- 2020: Revenue of $26.1M, expenses of $20.4M, and assets of $85.8M (revenue +5.8% year-over-year).
- 2019: Revenue of $24.6M, expenses of $23.5M, and assets of $75.7M (revenue +3.9% year-over-year).
- 2018: Revenue of $23.7M, expenses of $24.5M, and assets of $67.1M (revenue +3.9% year-over-year).
- 2017: Revenue of $22.8M, expenses of $24.8M, and assets of $71.8M (revenue -8.9% year-over-year).
- 2016: Revenue of $25.1M, expenses of $24.2M, and assets of $66.4M (revenue -4.5% year-over-year).
- 2015: Revenue of $26.2M, expenses of $23.6M, and assets of $64.1M (revenue -2.2% year-over-year).
- 2014: Revenue of $26.8M, expenses of $20.8M, and assets of $63.0M (revenue -21.3% year-over-year).
- 2013: Revenue of $34.1M, expenses of $17.3M, and assets of $55.8M (revenue -13.8% year-over-year).
- 2012: Revenue of $39.6M, expenses of $19.3M, and assets of $43.4M (revenue +54.8% year-over-year).
- 2011: Revenue of $25.6M, expenses of $20.6M, and assets of $16.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health & Welfare Fund Local 456 Ib:
Data Sources and Methodology
This transparency report for Health & Welfare Fund Local 456 Ib 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.