Laborers Intl Union Of N A Welfare Fund
Laborers Intl Union Of N A Welfare Fund consistently grows assets with zero reported officer compensation.
EIN: 131895923 · Chestnut Rdg, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $4.1M |
| Program Spending | 90% |
| Net Assets | $16.6M |
| Transparency Score | 85/100 |
Is Laborers Intl Union Of N A Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers Intl Union Of N A Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laborers Intl Union Of N A Welfare Fund
Laborers Intl Union Of N A Welfare Fund (EIN: 131895923) is a nonprofit organization based in Chestnut Rdg, NY. The organization reported total revenue of $14.5M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Intl Union Of N A Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laborers Intl Union Of N A Welfare Fund is a large nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$758K |
| Total Assets | $17.6M |
| Total Liabilities | $1.1M |
| Net Assets | $16.6M |
| Operating Margin | 15.6% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 51.7 months |
Financial Health Grade: A
In 2023, Laborers Intl Union Of N A Welfare Fund reported a surplus of $758K with revenue exceeding expenses, holds 51.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laborers Intl Union Of N A Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +0.9% | +6.9% |
| 2022 | +3.9% | +11.1% | -0.1% |
| 2021 | -17.3% | -2.7% | +6.2% |
| 2020 | -3.4% | -27.7% | +10.8% |
| 2019 | -1.5% | +43.7% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Laborers Intl Union Of N A 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: 90%
- fundraising: 0%
According to IRS 990 filings, Laborers Intl Union Of N A 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 surplus of $758K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through an external entity, which significantly reduces administrative overhead.
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 Laborers Intl Union Of N A Welfare Fund:
- Consistent asset growth, from $5.7M in 2014 to $17.6M in 2023, indicating strong financial health.
- Zero reported officer compensation across all filings, suggesting efficient use of funds and low administrative overhead.
- Revenues consistently exceed expenses in most years, allowing for healthy reserves and stability.
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency and accountability.
Frequently Asked Questions about Laborers Intl Union Of N A Welfare Fund
Is Laborers Intl Union Of N A Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers Intl Union Of N A Welfare Fund (EIN: 131895923) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Laborers Intl Union Of N A Welfare Fund spend its money?
Laborers Intl Union Of N A Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laborers Intl Union Of N A Welfare Fund tax-deductible?
Laborers Intl Union Of N A Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131895923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laborers Intl Union Of N A Welfare Fund located?
Laborers Intl Union Of N A Welfare Fund is headquartered in Chestnut Rdg, New York and files with the IRS under EIN 131895923.
How many years of IRS 990 filings does Laborers Intl Union Of N A Welfare Fund have?
Laborers Intl Union Of N A 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 $14.5M in total revenue.
Is Laborers Intl Union Of N A Welfare Fund a good charity?
Based on the provided data, the organization appears to be a well-managed welfare fund. It consistently grows its assets, indicating financial stability and a strong ability to meet its obligations. The absence of officer compensation is a significant positive, suggesting efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $5,772,152 in 2014 to $17,648,861 in 2023. Revenues have generally outpaced expenses, allowing for consistent asset accumulation.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally remained strong, ranging from $4,043,807 in 2014 to $6,248,697 in 2017, and $4,856,965 in 2023. Expenses have consistently been lower than revenues in most years, demonstrating fiscal prudence and contributing to asset growth.
Filing History
IRS 990 filing history for Laborers Intl Union Of N A Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers Intl Union Of N A Welfare Fund's revenue has grown by 71.3%, moving from $2.8M to $4.9M. Total assets increased by 398.1% over the same period, from $3.5M to $17.6M. Total functional expenses rose by 37.8%, from $3.0M to $4.1M. In its most recent filing year (2023), Laborers Intl Union Of N A Welfare Fund reported a surplus of $758K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $17.6M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $16.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.1M | $17.6M | $1.1M | — | View 990 |
| 2022 | $4.8M | $4.1M | $16.5M | $850K | — | View 990 |
| 2021 | $4.6M | $3.7M | $16.5M | $709K | — | — |
| 2020 | $5.6M | $3.8M | $15.6M | $808K | — | — |
| 2019 | $5.8M | $5.2M | $14.0M | $1.3M | — | View 990 |
| 2018 | $5.9M | $3.6M | $13.0M | $1.3M | — | View 990 |
| 2017 | $6.2M | $3.9M | $10.6M | $1.1M | — | View 990 |
| 2016 | $5.6M | $3.7M | $9.1M | $1.8M | — | View 990 |
| 2015 | $5.6M | $5.2M | $6.2M | $804K | — | View 990 |
| 2014 | $4.0M | $4.0M | $5.8M | $724K | — | View 990 |
| 2013 | $4.1M | $2.9M | $5.6M | $640K | — | View 990 |
| 2012 | $3.4M | $2.3M | $4.8M | $892K | — | View 990 |
| 2011 | $2.8M | $3.0M | $3.5M | $724K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.1M, and assets of $17.6M (revenue +0.7% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.1M, and assets of $16.5M (revenue +3.9% year-over-year).
- 2021: Revenue of $4.6M, expenses of $3.7M, and assets of $16.5M (revenue -17.3% year-over-year).
- 2020: Revenue of $5.6M, expenses of $3.8M, and assets of $15.6M (revenue -3.4% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.2M, and assets of $14.0M (revenue -1.5% year-over-year).
- 2018: Revenue of $5.9M, expenses of $3.6M, and assets of $13.0M (revenue -5.6% year-over-year).
- 2017: Revenue of $6.2M, expenses of $3.9M, and assets of $10.6M (revenue +12.1% year-over-year).
- 2016: Revenue of $5.6M, expenses of $3.7M, and assets of $9.1M (revenue +0.1% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.2M, and assets of $6.2M (revenue +37.8% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.0M, and assets of $5.8M (revenue -1.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $2.9M, and assets of $5.6M (revenue +21.9% year-over-year).
- 2012: Revenue of $3.4M, expenses of $2.3M, and assets of $4.8M (revenue +18.7% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.0M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Intl Union Of N A Welfare Fund:
Data Sources and Methodology
This transparency report for Laborers Intl Union Of N A 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.