Laborers Intl Union Of North America Local 17 Welfare Fund
Laborers Intl Union Of North America Local 17 Welfare Fund consistently generates surpluses, growing assets to over $25 million.
EIN: 146022217 · Newburgh, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.0M |
| Total Expenses | $10.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $15.8M |
| Transparency Score | 75/100 |
Is Laborers Intl Union Of North America Local 17 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers Intl Union Of North America Local 17 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 North America Local 17 Welfare Fund
Laborers Intl Union Of North America Local 17 Welfare Fund (EIN: 146022217) is a nonprofit organization based in Newburgh, NY. The organization reported total revenue of $16.0M and total assets of $25.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Intl Union Of North America Local 17 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 North America Local 17 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 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $24.0M |
| Total Liabilities | $8.2M |
| Net Assets | $15.8M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 34.1% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Laborers Intl Union Of North America Local 17 Welfare Fund reported a surplus of $3.2M with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 34.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laborers Intl Union Of North America Local 17 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | -6.9% | +19.2% |
| 2022 | -1.8% | -19.9% | -6.7% |
| 2021 | +5.8% | +36.3% | -0.7% |
| 2020 | -6.9% | -23.6% | +12.0% |
| 2019 | +3.4% | +13.2% | +8.1% |
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 North America Local 17 Welfare Fund 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Laborers Intl Union Of North America Local 17 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 $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filings, suggesting that executive leadership is either unpaid or compensated through other means not classified as officer compensation on the 990, which is unusual for an organization of this size with assets exceeding $25 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 Laborers Intl Union Of North America Local 17 Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting efficiency analysis.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere or through related entities.
Strengths
The following positive indicators were identified for Laborers Intl Union Of North America Local 17 Welfare Fund:
- Consistent revenue generation, with latest revenue at $15,979,933.
- Healthy asset growth, increasing from $8,626,088 in 2014 to $25,791,537 currently.
- Generally positive net income, indicating financial stability and sustainability.
- Regular IRS 990 filings, demonstrating compliance and transparency in reporting financial summaries.
Frequently Asked Questions about Laborers Intl Union Of North America Local 17 Welfare Fund
Is Laborers Intl Union Of North America Local 17 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers Intl Union Of North America Local 17 Welfare Fund (EIN: 146022217) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Laborers Intl Union Of North America Local 17 Welfare Fund spend its money?
Laborers Intl Union Of North America Local 17 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 North America Local 17 Welfare Fund tax-deductible?
Laborers Intl Union Of North America Local 17 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 146022217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laborers Intl Union Of North America Local 17 Welfare Fund CEO make?
Laborers Intl Union Of North America Local 17 Welfare Fund's highest-compensated officer earns $25 annually. The organization reported $16.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Laborers Intl Union Of North America Local 17 Welfare Fund located?
Laborers Intl Union Of North America Local 17 Welfare Fund is headquartered in Newburgh, New York and files with the IRS under EIN 146022217.
How many years of IRS 990 filings does Laborers Intl Union Of North America Local 17 Welfare Fund have?
Laborers Intl Union Of North America Local 17 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 $16.0M in total revenue.
What specific welfare benefits does the fund provide?
The provided IRS 990 data does not detail the specific welfare benefits offered by the fund. This information would typically be found in the organization's program service accomplishments section of the full 990 filing.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be compensated through other entities, or that the roles are voluntary. A full 990 filing would provide more context on compensation practices for key employees and officers.
What is the NTEE code for this organization?
The NTEE code for Laborers Intl Union Of North America Local 17 Welfare Fund is not provided in the given data. This code would help classify its primary activities and mission.
How does the organization manage its investment assets?
With assets growing to $25,791,537, the organization likely has an investment strategy. The provided data does not detail how these assets are managed or invested, which would be relevant for understanding financial stability and growth.
What are the primary drivers of expense fluctuations, such as the increase from $11,580,891 in 2022 to $14,451,631 in 2021?
The provided data shows expenses were $14,451,631 in 2021 and $11,580,891 in 2022. The primary drivers for such fluctuations are not detailed in the summary data, but could include changes in benefit payouts, administrative costs, or investment-related expenses. A full 990 would provide a breakdown of these costs.
Filing History
IRS 990 filing history for Laborers Intl Union Of North America Local 17 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers Intl Union Of North America Local 17 Welfare Fund's revenue has grown by 83%, moving from $7.6M to $14.0M. Total assets increased by 140.7% over the same period, from $10.0M to $24.0M. Total functional expenses rose by 20.5%, from $8.9M to $10.8M. In its most recent filing year (2023), Laborers Intl Union Of North America Local 17 Welfare Fund reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $8.2M in liabilities against $24.0M in assets (debt-to-asset ratio: 34.1%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $10.8M | $24.0M | $8.2M | — | — |
| 2022 | $13.0M | $11.6M | $20.1M | $8.5M | — | View 990 |
| 2021 | $13.3M | $14.5M | $21.5M | $9.5M | — | View 990 |
| 2020 | $12.5M | $10.6M | $21.7M | $8.9M | — | View 990 |
| 2019 | $13.5M | $13.9M | $19.4M | $9.3M | — | View 990 |
| 2018 | $13.0M | $12.3M | $17.9M | $8.2M | — | View 990 |
| 2017 | $11.6M | $9.8M | $16.0M | $6.9M | — | View 990 |
| 2016 | $11.8M | $9.1M | $13.7M | $6.7M | — | View 990 |
| 2015 | $10.4M | $8.7M | $9.8M | $5.5M | — | View 990 |
| 2014 | $9.8M | $9.4M | $8.6M | $5.8M | — | View 990 |
| 2013 | $8.8M | $9.0M | $7.1M | $4.6M | — | View 990 |
| 2012 | $8.3M | $10.4M | $7.9M | $5.3M | — | View 990 |
| 2011 | $7.6M | $8.9M | $10.0M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $10.8M, and assets of $24.0M (revenue +7.1% year-over-year).
- 2022: Revenue of $13.0M, expenses of $11.6M, and assets of $20.1M (revenue -1.8% year-over-year).
- 2021: Revenue of $13.3M, expenses of $14.5M, and assets of $21.5M (revenue +5.8% year-over-year).
- 2020: Revenue of $12.5M, expenses of $10.6M, and assets of $21.7M (revenue -6.9% year-over-year).
- 2019: Revenue of $13.5M, expenses of $13.9M, and assets of $19.4M (revenue +3.4% year-over-year).
- 2018: Revenue of $13.0M, expenses of $12.3M, and assets of $17.9M (revenue +12.1% year-over-year).
- 2017: Revenue of $11.6M, expenses of $9.8M, and assets of $16.0M (revenue -1.2% year-over-year).
- 2016: Revenue of $11.8M, expenses of $9.1M, and assets of $13.7M (revenue +13.5% year-over-year).
- 2015: Revenue of $10.4M, expenses of $8.7M, and assets of $9.8M (revenue +6.1% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.4M, and assets of $8.6M (revenue +11.3% year-over-year).
- 2013: Revenue of $8.8M, expenses of $9.0M, and assets of $7.1M (revenue +6.3% year-over-year).
- 2012: Revenue of $8.3M, expenses of $10.4M, and assets of $7.9M (revenue +8.3% year-over-year).
- 2011: Revenue of $7.6M, expenses of $8.9M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Intl Union Of North America Local 17 Welfare Fund:
Data Sources and Methodology
This transparency report for Laborers Intl Union Of North America Local 17 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.