I B E W Local 237 Welfare Fund
IBEW Local 237 Welfare Fund shows consistent revenue and asset growth with zero officer compensation.
EIN: 160834222 · Niagara Falls, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.3M |
| Total Expenses | $5.3M |
| Program Spending | 85% |
| Net Assets | $11.9M |
| Transparency Score | 85/100 |
Search Intent Cockpit
I B E W Local 237 Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
I B E W Local 237 Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around I B E W Local 237 Welfare Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $6.5M and expenses of $5.3M.
Revenue and Expenses
I B E W Local 237 Welfare Fund reported $6.5M in revenue and $5.3M in expenses, a surplus of $1.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is I B E W Local 237 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.5M (85%) |
Across stored filings, I B E W Local 237 Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Niagara Falls, NY nonprofitsFollow the Money
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Request a concise report for I B E W Local 237 Welfare Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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I B E W Local 237 Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About I B E W Local 237 Welfare Fund
I B E W Local 237 Welfare Fund (EIN: 160834222) is a nonprofit organization based in Niagara Falls, NY. The organization reported total revenue of $13.3M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I B E W Local 237 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I B E W Local 237 Welfare Fund is a large nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $12.1M |
| Total Liabilities | $217K |
| Net Assets | $11.9M |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, I B E W Local 237 Welfare Fund reported a surplus of $1.3M with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), I B E W Local 237 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.4% | +15.3% | +23.8% |
| 2022 | +12.1% | +23.9% | -4.7% |
| 2021 | +33.0% | +7.0% | +17.5% |
| 2020 | -20.9% | -14.1% | +7.8% |
| 2019 | +16.2% | -1.7% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 I B E W Local 237 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, I B E W Local 237 Welfare Fund 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 surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed structure for executive functions.
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 I B E W Local 237 Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
- NTEE Code is unknown, making it difficult to benchmark against similar organizations
Strengths
The following positive indicators were identified for I B E W Local 237 Welfare Fund:
- Consistent revenue growth, from $3,667,267 in 2020 to $6,534,616 in 2023
- Strong asset growth, nearly doubling from $7,005,926 in 2018 to $12,139,178 in 2023
- Zero officer compensation reported across all filings, indicating high transparency and potential volunteer leadership
- Low liabilities relative to assets, suggesting strong financial stability
- Consistent surplus of revenue over expenses, indicating sound financial management
Frequently Asked Questions about I B E W Local 237 Welfare Fund
Is I B E W Local 237 Welfare Fund a legitimate charity?
I B E W Local 237 Welfare Fund (EIN: 160834222) 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: $13.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does I B E W Local 237 Welfare Fund spend its money?
I B E W Local 237 Welfare Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to I B E W Local 237 Welfare Fund tax-deductible?
I B E W Local 237 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 160834222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of I B E W Local 237 Welfare Fund's spending goes to programs?
I B E W Local 237 Welfare Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is I B E W Local 237 Welfare Fund located?
I B E W Local 237 Welfare Fund is headquartered in Niagara Falls, New York and files with the IRS under EIN 160834222.
How many years of IRS 990 filings does I B E W Local 237 Welfare Fund have?
I B E W Local 237 Welfare Fund 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 $13.3M in total revenue.
What specific welfare programs does the I B E W Local 237 Welfare Fund support?
The provided IRS 990 data does not detail the specific welfare programs. This information would typically be found in the organization's full 990 filing, specifically in Part III, Statement of Program Service Accomplishments.
How does the organization manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are handled by an external entity or another related organization, with costs potentially categorized differently or absorbed elsewhere.
What is the primary source of the organization's revenue?
While the data shows total revenue, the specific sources (e.g., contributions, program service revenue, investment income) are not detailed. This information would be available in Part VIII of the full IRS Form 990.
Filing History
IRS 990 filing history for I B E W Local 237 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), I B E W Local 237 Welfare Fund's revenue has grown by 73.8%, moving from $3.8M to $6.5M. Total assets increased by 122.4% over the same period, from $5.5M to $12.1M. Total functional expenses rose by 70.5%, from $3.1M to $5.3M. In its most recent filing year (2023), I B E W Local 237 Welfare Fund reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $217K in liabilities against $12.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.3M | $12.1M | $217K | — | — |
| 2022 | $5.5M | $4.6M | $9.8M | $84K | — | View 990 |
| 2021 | $4.9M | $3.7M | $10.3M | $205K | — | View 990 |
| 2020 | $3.7M | $3.4M | $8.8M | $117K | — | View 990 |
| 2019 | $4.6M | $4.0M | $8.1M | $202K | — | View 990 |
| 2018 | $4.0M | $4.1M | $7.0M | $112K | — | View 990 |
| 2017 | $3.9M | $3.8M | $7.4M | $93K | — | — |
| 2016 | $4.3M | $4.1M | $7.1M | $61K | — | View 990 |
| 2015 | $3.8M | $3.8M | $7.0M | $183K | — | View 990 |
| 2014 | $4.7M | $3.7M | $7.2M | $114K | — | View 990 |
| 2013 | $3.9M | $3.3M | $6.0M | $132K | — | View 990 |
| 2012 | $3.4M | $3.3M | $5.6M | $32K | — | View 990 |
| 2011 | $3.8M | $3.1M | $5.5M | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.3M, and assets of $12.1M (revenue +19.4% year-over-year).
- 2022: Revenue of $5.5M, expenses of $4.6M, and assets of $9.8M (revenue +12.1% year-over-year).
- 2021: Revenue of $4.9M, expenses of $3.7M, and assets of $10.3M (revenue +33.0% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.4M, and assets of $8.8M (revenue -20.9% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.0M, and assets of $8.1M (revenue +16.2% year-over-year).
- 2018: Revenue of $4.0M, expenses of $4.1M, and assets of $7.0M (revenue +3.3% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.8M, and assets of $7.4M (revenue -10.3% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.1M, and assets of $7.1M (revenue +13.0% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.8M, and assets of $7.0M (revenue -19.9% year-over-year).
- 2014: Revenue of $4.7M, expenses of $3.7M, and assets of $7.2M (revenue +21.8% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.3M, and assets of $6.0M (revenue +14.6% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.3M, and assets of $5.6M (revenue -9.5% year-over-year).
- 2011: Revenue of $3.8M, expenses of $3.1M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I B E W Local 237 Welfare Fund:
Data Sources and Methodology
This transparency report for I B E W Local 237 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.