International Union Of Operating School Custodians Eng Welfare Fund
International Union Of Operating School Custodians Eng Welfare Fund maintains strong assets despite recent operating deficit.
EIN: 133015202 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.4M |
| Transparency Score | 90/100 |
Is International Union Of Operating School Custodians Eng Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Union Of Operating School Custodians Eng Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Union Of Operating School Custodians Eng Welfare Fund
International Union Of Operating School Custodians Eng Welfare Fund (EIN: 133015202) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.6M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Union Of Operating School Custodians Eng Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Union Of Operating School Custodians Eng Welfare Fund is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-391,097 |
| Total Assets | $7.6M |
| Total Liabilities | $134K |
| Net Assets | $7.4M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 30.6 months |
Financial Health Grade: B
In 2023, International Union Of Operating School Custodians Eng Welfare Fund reported a deficit of $391K with expenses exceeding revenue, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), International Union Of Operating School Custodians Eng Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | +6.5% | -0.7% |
| 2022 | -1.8% | +9.8% | -9.1% |
| 2021 | +9.4% | +0.5% | +6.9% |
| 2020 | -4.1% | -5.6% | +5.4% |
| 2019 | +0.3% | +15.3% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 International Union Of Operating School Custodians Eng Welfare Fund with a Mission Score of 90 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, International Union Of Operating School Custodians Eng Welfare Fund 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 deficit of $391K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for an organization of its size with assets exceeding $7 million.
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 International Union Of Operating School Custodians Eng Welfare Fund's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312) by $391,097.
Strengths
The following positive indicators were identified for International Union Of Operating School Custodians Eng Welfare Fund:
- Consistent growth in assets from $5,359,866 in 2014 to $7,574,563 in 2023.
- Zero officer compensation reported across all available filings, indicating high efficiency in directing funds to mission.
- Low liabilities relative to assets, suggesting strong financial stability.
- Long history of IRS 990 filings (14 filings), indicating consistent transparency.
Frequently Asked Questions about International Union Of Operating School Custodians Eng Welfare Fund
Is International Union Of Operating School Custodians Eng Welfare Fund a legitimate charity?
International Union Of Operating School Custodians Eng Welfare Fund (EIN: 133015202) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does International Union Of Operating School Custodians Eng Welfare Fund spend its money?
International Union Of Operating School Custodians Eng Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to International Union Of Operating School Custodians Eng Welfare Fund tax-deductible?
International Union Of Operating School Custodians Eng Welfare Fund is registered as a tax-exempt nonprofit (EIN: 133015202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the International Union Of Operating School Custodians Eng Welfare Fund CEO make?
International Union Of Operating School Custodians Eng Welfare Fund's highest-compensated officer earns $7 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is International Union Of Operating School Custodians Eng Welfare Fund located?
International Union Of Operating School Custodians Eng Welfare Fund is headquartered in Brooklyn, New York and files with the IRS under EIN 133015202.
How many years of IRS 990 filings does International Union Of Operating School Custodians Eng Welfare Fund have?
International Union Of Operating School Custodians Eng Welfare Fund has 14 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 $4.6M in total revenue.
What is the primary purpose of the 'Welfare Fund' and how are its expenses categorized?
Based on the name, the fund likely provides welfare benefits to members. A detailed breakdown of expenses beyond total expenses would clarify how funds are allocated to these benefits versus administrative costs.
Why did expenses exceed revenue in the 202312 period?
In the 202312 period, expenses were $2,971,840 while revenue was $2,580,743. Understanding the specific reasons for this deficit, such as increased benefit payouts or one-time expenditures, would provide more insight into financial management.
How does the organization manage its investment assets given its substantial asset base?
With assets consistently above $5 million, understanding the investment strategy and performance would be crucial for assessing long-term financial sustainability.
Filing History
IRS 990 filing history for International Union Of Operating School Custodians Eng Welfare Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), International Union Of Operating School Custodians Eng Welfare Fund's revenue has declined by 5.2%, moving from $2.7M to $2.6M. Total assets increased by 59.3% over the same period, from $4.8M to $7.6M. Total functional expenses rose by 20.8%, from $2.5M to $3.0M. In its most recent filing year (2023), International Union Of Operating School Custodians Eng Welfare Fund reported a deficit of $391K, with expenses exceeding revenue. The organization holds $134K in liabilities against $7.6M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.0M | $7.6M | $134K | — | — |
| 2022 | $2.9M | $2.8M | $7.6M | $108K | — | — |
| 2021 | $2.9M | $2.5M | $8.4M | $148K | — | View 990 |
| 2020 | $2.7M | $2.5M | $7.8M | $85K | — | — |
| 2019 | $2.8M | $2.7M | $7.4M | $72K | — | View 990 |
| 2018 | $2.8M | $2.3M | $6.9M | $64K | — | View 990 |
| 2017 | $2.5M | $2.0M | $6.6M | $65K | — | — |
| 2016 | $2.5M | $2.3M | $5.9M | $68K | — | View 990 |
| 2015 | $2.3M | $2.1M | $5.5M | $98K | — | View 990 |
| 2014 | $2.4M | $2.2M | $5.4M | $88K | — | View 990 |
| 2013 | $2.3M | $2.3M | $5.2M | $161K | — | View 990 |
| 2012 | $2.6M | $2.2M | $5.3M | $76K | — | View 990 |
| 2011 | $2.6M | $2.4M | $4.9M | $113K | — | View 990 |
| 2010 | $2.7M | $2.5M | $4.8M | $152K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.0M, and assets of $7.6M (revenue -10.6% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.8M, and assets of $7.6M (revenue -1.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.5M, and assets of $8.4M (revenue +9.4% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $7.8M (revenue -4.1% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.7M, and assets of $7.4M (revenue +0.3% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.3M, and assets of $6.9M (revenue +10.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.0M, and assets of $6.6M (revenue -1.1% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $5.9M (revenue +8.8% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.1M, and assets of $5.5M (revenue -0.8% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $5.4M (revenue +1.4% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $5.2M (revenue -9.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.2M, and assets of $5.3M (revenue +0.0% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.4M, and assets of $4.9M (revenue -5.7% year-over-year).
- 2010: Revenue of $2.7M, expenses of $2.5M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Union Of Operating School Custodians Eng Welfare Fund:
Data Sources and Methodology
This transparency report for International Union Of Operating School Custodians Eng 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.