I B Of T Welfare Fund 945
IBOT Welfare Fund 945: Stable Finances, High Program Spending, but Limited Transparency
EIN: 221644608 · Wayne, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $44.7M |
| Total Expenses | $34.0M |
| Program Spending | 99% |
| Net Assets | $27.9M |
| Transparency Score | 75/100 |
Is I B Of T Welfare Fund 945 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
I B Of T Welfare Fund 945 directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About I B Of T Welfare Fund 945
I B Of T Welfare Fund 945 (EIN: 221644608) is a nonprofit organization based in Wayne, NJ. The organization reported total revenue of $44.7M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I B Of T Welfare Fund 945's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I B Of T Welfare Fund 945 is a large nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.5M |
| Total Expenses | $34.0M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $28.3M |
| Total Liabilities | $373K |
| Net Assets | $27.9M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, I B Of T Welfare Fund 945 reported a surplus of $1.5M with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), I B Of T Welfare Fund 945's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +15.6% | +8.1% |
| 2022 | +11.1% | +8.6% | -3.4% |
| 2021 | -3.0% | +11.1% | -1.2% |
| 2020 | -9.3% | -6.6% | +20.5% |
| 2019 | +11.4% | -7.5% | +33.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
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 Of T Welfare Fund 945 with a Mission Score of 75 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, I B Of T Welfare Fund 945 allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific executive compensation figures are not provided in the available data.
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 Of T Welfare Fund 945's IRS 990 filings:
- The consistent reporting of 0% fundraising costs across multiple years (e.g., 202312, 202212) could be a red flag, suggesting that fundraising expenses might be miscategorized or absorbed into other line items, potentially obscuring the true cost of revenue generation.
- The 'l' (likely legal/lobbying) expense, while relatively small, shows some fluctuation (e.g., $373,398 in 202312 vs. $49,883 in 201812), warranting further investigation into the nature and necessity of these expenditures.
Strengths
The following positive indicators were identified for I B Of T Welfare Fund 945:
- The organization consistently allocates a very high percentage of its expenses to programs (e.g., 99% in 202312 based on 'x' vs 'r' and 'a'), indicating a strong focus on its core mission.
- The fund demonstrates consistent revenue generation and asset growth over several years, with revenues increasing from $22,368,269 in 201612 to $35,509,841 in 202312, and assets growing from $16,497,982 to $28,296,211 in the same period, suggesting financial stability.
- The fund maintains a healthy asset base relative to its annual expenses, providing a buffer for operations and future initiatives.
Frequently Asked Questions about I B Of T Welfare Fund 945
Is I B Of T Welfare Fund 945 a legitimate charity?
Based on AI analysis of IRS 990 filings, I B Of T Welfare Fund 945 (EIN: 221644608) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does I B Of T Welfare Fund 945 spend its money?
I B Of T Welfare Fund 945 directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to I B Of T Welfare Fund 945 tax-deductible?
I B Of T Welfare Fund 945 is registered as a tax-exempt nonprofit (EIN: 221644608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is I B Of T Welfare Fund 945 located?
I B Of T Welfare Fund 945 is headquartered in Wayne, New Jersey and files with the IRS under EIN 221644608.
How many years of IRS 990 filings does I B Of T Welfare Fund 945 have?
I B Of T Welfare Fund 945 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 $44.7M in total revenue.
What does I B Of T Welfare Fund 945 do?
I B Of T Welfare Fund 945 is a nonprofit organization in the Unknown sector, located in Wayne, New Jersey. It is classified under NTEE code Unknown.
How much revenue does I B Of T Welfare Fund 945 have?
I B Of T Welfare Fund 945 reported total revenue of $44,723,403. Based on 13 IRS 990 filings on record.
What are I B Of T Welfare Fund 945's total assets?
I B Of T Welfare Fund 945 holds total assets of $28,296,211 as reported in IRS 990 filings.
Where is I B Of T Welfare Fund 945 located?
I B Of T Welfare Fund 945 is based in Wayne, New Jersey.
What is I B Of T Welfare Fund 945's EIN?
I B Of T Welfare Fund 945's Employer Identification Number (EIN) is 221644608. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is I B Of T Welfare Fund 945?
I B Of T Welfare Fund 945 is classified under NTEE code Unknown (Unknown).
Is I B Of T Welfare Fund 945 a registered 501(c)(3)?
I B Of T Welfare Fund 945 appears in IRS records (EIN: 221644608). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does I B Of T Welfare Fund 945 file IRS Form 990?
Yes, I B Of T Welfare Fund 945 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was I B Of T Welfare Fund 945's revenue in 2023?
In the 202312 filing period, I B Of T Welfare Fund 945 reported total revenue of $35,509,841, total expenses of $33,975,667, and net assets of $28,296,211.
Is I B Of T Welfare Fund 945's revenue growing or declining?
I B Of T Welfare Fund 945's revenue is growing. Revenue went from $30,086,032 (202212) to $35,509,841 (202312), a +18.0% change. Based on 13 filings on record.
What is I B Of T Welfare Fund 945's most recent 990 filing?
The most recent IRS Form 990 filing for I B Of T Welfare Fund 945 covers tax period 202312. It shows revenue of $35,509,841, expenses of $33,975,667, total assets of $28,296,211, and liabilities of $373,398.
How much does I B Of T Welfare Fund 945 spend on programs vs administration?
Based on IRS 990 analysis, I B Of T Welfare Fund 945 allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is I B Of T Welfare Fund 945 a trustworthy charity?
Based on AI analysis of IRS 990 data, I B Of T Welfare Fund 945 appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for I B Of T Welfare Fund 945?
The following concerns were identified: The consistent reporting of 0% fundraising costs across multiple years (e.g., 202312, 202212) could be a red flag, suggesting that fundraising expenses might be miscategorized or absorbed into other line items, potentially obscuring the true cost of revenue generation.. The 'l' (likely legal/lobbying) expense, while relatively small, shows some fluctuation (e.g., $373,398 in 202312 vs. $49,883 in 201812), warranting further investigation into the nature and necessity of these expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are I B Of T Welfare Fund 945's strengths?
Positive indicators for I B Of T Welfare Fund 945 include: The organization consistently allocates a very high percentage of its expenses to programs (e.g., 99% in 202312 based on 'x' vs 'r' and 'a'), indicating a strong focus on its core mission.. The fund demonstrates consistent revenue generation and asset growth over several years, with revenues increasing from $22,368,269 in 201612 to $35,509,841 in 202312, and assets growing from $16,497,982 to $28,296,211 in the same period, suggesting financial stability.. The fund maintains a healthy asset base relative to its annual expenses, providing a buffer for operations and future initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does I B Of T Welfare Fund 945 compensate executives?
Executive compensation cannot be assessed as specific executive compensation figures are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% fundraising cost, what are the primary mechanisms for revenue generation, and how are any associated costs accounted for within the financial statements?
The data suggests that the fund likely relies on non-fundraising revenue streams, such as employer contributions or investment income, which do not incur direct fundraising expenses. If there are indirect costs, they are likely embedded within administrative or program expenses, as no separate fundraising category is reported.
How does the organization manage its administrative overhead to consistently maintain such a low percentage relative to program spending, and what specific activities are included in the 'l' expense category?
The organization appears to have highly efficient administrative operations, possibly due to a lean staff, shared services, or minimal general overhead. The 'l' expense, which fluctuates, likely represents legal, lobbying, or other specific professional services rather than general administrative costs, contributing to the overall low administrative percentage.
Filing History
IRS 990 filing history for I B Of T Welfare Fund 945 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), I B Of T Welfare Fund 945's revenue has grown by 150.9%, moving from $14.2M to $35.5M. Total assets increased by 51.3% over the same period, from $18.7M to $28.3M. Total functional expenses rose by 157%, from $13.2M to $34.0M. In its most recent filing year (2023), I B Of T Welfare Fund 945 reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $373K in liabilities against $28.3M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $27.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.5M | $34.0M | $28.3M | $373K | — | — |
| 2022 | $30.1M | $29.4M | $26.2M | $128K | — | View 990 |
| 2021 | $27.1M | $27.1M | $27.1M | $181K | — | View 990 |
| 2020 | $27.9M | $24.4M | $27.4M | $354K | — | View 990 |
| 2019 | $30.8M | $26.1M | $22.8M | $448K | — | — |
| 2018 | $27.6M | $28.2M | $17.1M | $50K | — | View 990 |
| 2017 | $26.0M | $24.6M | $18.2M | $179K | — | View 990 |
| 2016 | $22.4M | $22.1M | $16.5M | $4K | — | View 990 |
| 2015 | $21.1M | $22.6M | $16.7M | $396K | — | View 990 |
| 2014 | $22.4M | $25.2M | $17.7M | $90K | — | View 990 |
| 2013 | $20.9M | $21.3M | $20.1M | $36K | — | View 990 |
| 2012 | $17.1M | $15.5M | $20.9M | $174K | — | View 990 |
| 2011 | $14.2M | $13.2M | $18.7M | $128K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.5M, expenses of $34.0M, and assets of $28.3M (revenue +18.0% year-over-year).
- 2022: Revenue of $30.1M, expenses of $29.4M, and assets of $26.2M (revenue +11.1% year-over-year).
- 2021: Revenue of $27.1M, expenses of $27.1M, and assets of $27.1M (revenue -3.0% year-over-year).
- 2020: Revenue of $27.9M, expenses of $24.4M, and assets of $27.4M (revenue -9.3% year-over-year).
- 2019: Revenue of $30.8M, expenses of $26.1M, and assets of $22.8M (revenue +11.4% year-over-year).
- 2018: Revenue of $27.6M, expenses of $28.2M, and assets of $17.1M (revenue +6.4% year-over-year).
- 2017: Revenue of $26.0M, expenses of $24.6M, and assets of $18.2M (revenue +16.2% year-over-year).
- 2016: Revenue of $22.4M, expenses of $22.1M, and assets of $16.5M (revenue +6.2% year-over-year).
- 2015: Revenue of $21.1M, expenses of $22.6M, and assets of $16.7M (revenue -6.0% year-over-year).
- 2014: Revenue of $22.4M, expenses of $25.2M, and assets of $17.7M (revenue +7.1% year-over-year).
- 2013: Revenue of $20.9M, expenses of $21.3M, and assets of $20.1M (revenue +22.6% year-over-year).
- 2012: Revenue of $17.1M, expenses of $15.5M, and assets of $20.9M (revenue +20.5% year-over-year).
- 2011: Revenue of $14.2M, expenses of $13.2M, and assets of $18.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I B Of T Welfare Fund 945:
Data Sources and Methodology
This transparency report for I B Of T Welfare Fund 945 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.