Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United

Retirement fund maintains stable assets and zero officer compensation, with recent minor operating deficits.

EIN: 135521921 · White Plains, NY · Updated: 2026-03-28

$20.7MRevenue

$20.6MAssets

75/100Mission Score (Good)

Is Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United (EIN: 135521921) is a nonprofit organization based in White Plains, NY. The organization reported total revenue of $20.7M and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United appears to be a retirement fund, which typically operates differently from traditional public charities in terms of program spending and fundraising. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of financial stewardship regarding executive pay. However, without a clear NTEE code or detailed program expense breakdown, it's challenging to assess its spending efficiency in the context of a typical nonprofit. The fund has shown consistent revenue and asset levels over the past decade, with assets generally exceeding liabilities, indicating financial stability. For instance, in 2023, assets were $18,940,635 against liabilities of $688,416.

The organization's financial health seems stable, with revenues generally covering expenses, though there have been periods where expenses slightly exceeded revenue, such as in 2023 ($14,247,028 expenses vs. $13,882,733 revenue) and 2022 ($13,792,841 expenses vs. $13,557,960 revenue). This suggests a slight draw on reserves in recent years. Given its nature as a retirement fund, its 'program' spending would primarily be benefit payments to retirees, and its 'fundraising' would be contributions from employers/employees. The lack of detailed expense categorization in the provided data makes a precise assessment of spending efficiency difficult for a typical charity model, but for a retirement fund, consistent benefit payments and prudent investment management are key indicators.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

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 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 Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United's IRS 990 filings:

NTEE code is unknown, making direct comparison to peer organizations difficult.
Lack of detailed expense breakdown in provided data limits granular analysis of spending efficiency.
Recent trend of expenses slightly exceeding revenue in 2022 and 2023.

Strengths

The following positive indicators were identified for Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United:

Consistent reporting of 0% officer compensation, indicating no executive pay from the fund.
Stable asset base, consistently exceeding liabilities, demonstrating financial solvency.
Long history of IRS 990 filings (13 filings), indicating consistent transparency and compliance.

Frequently Asked Questions about Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United

Is Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United a legitimate charity?

Based on AI analysis of IRS 990 filings, Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United (EIN: 135521921) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

How does Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United spend its money?

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United tax-deductible?

Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United is registered as a tax-exempt nonprofit (EIN: 135521921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What are the primary expenses for this organization?

As a retirement fund, the primary expenses would typically be benefit payments to retirees, administrative costs for managing the fund, and investment management fees. Without detailed expense breakdowns, it's difficult to specify exact proportions beyond general categories.

How does this organization manage its assets?

The organization consistently holds significant assets, ranging from $15,955,656 in 2014 to $23,435,271 in 2019, indicating active management of its retirement fund portfolio. Assets generally exceed liabilities, suggesting a healthy financial position for meeting future obligations.

Why is officer compensation reported as 0%?

The consistent reporting of 0% officer compensation suggests that the fund's officers may be uncompensated volunteers, or their compensation is covered by an external entity, or it's structured in a way that doesn't fall under 'officer compensation' as reported on the 990, which is a notable aspect of its financial structure.

Is the recent trend of expenses exceeding revenue a concern?

While expenses slightly exceeded revenue in 2022 and 2023, the deficits were relatively small compared to total revenue and assets. For a retirement fund, minor operating deficits can sometimes be covered by investment returns or asset drawdowns, but a sustained trend could warrant closer examination of long-term financial planning.

Filing History

IRS 990 filing history for Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United's revenue has declined by 20.1%, moving from $17.4M to $13.9M. Total assets increased by 107.4% over the same period, from $9.1M to $18.9M. Total functional expenses fell by 23.1%, from $18.5M to $14.2M. In its most recent filing year (2023), Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United reported a deficit of $364K, with expenses exceeding revenue. The organization holds $688K in liabilities against $18.9M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $18.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$13.9M	$14.2M	$18.9M	$688K	—	—
2022	$13.6M	$13.8M	$18.2M	$369K	—	View 990
2021	$12.7M	$11.7M	$20.7M	$264K	—	View 990
2020	$11.8M	$15.9M	$19.8M	$448K	—	View 990
2019	$19.2M	$17.1M	$23.4M	$357K	—	View 990
2018	$18.7M	$14.9M	$20.9M	$389K	—	View 990
2017	$16.0M	$15.4M	$19.9M	$212K	—	—
2016	$16.6M	$15.1M	$18.5M	$368K	—	View 990
2015	$16.6M	$15.7M	$16.5M	$417K	—	View 990
2014	$16.9M	$15.1M	$16.0M	$535K	—	View 990
2013	$15.0M	$15.0M	$13.4M	$411K	—	View 990
2012	$18.9M	$16.0M	$12.1M	$380K	—	View 990
2011	$17.4M	$18.5M	$9.1M	$649K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $13.9M, expenses of $14.2M, and assets of $18.9M (revenue +2.4% year-over-year).
2022: Revenue of $13.6M, expenses of $13.8M, and assets of $18.2M (revenue +7.1% year-over-year).
2021: Revenue of $12.7M, expenses of $11.7M, and assets of $20.7M (revenue +7.0% year-over-year).
2020: Revenue of $11.8M, expenses of $15.9M, and assets of $19.8M (revenue -38.6% year-over-year).
2019: Revenue of $19.2M, expenses of $17.1M, and assets of $23.4M (revenue +2.8% year-over-year).
2018: Revenue of $18.7M, expenses of $14.9M, and assets of $20.9M (revenue +17.1% year-over-year).
2017: Revenue of $16.0M, expenses of $15.4M, and assets of $19.9M (revenue -3.9% year-over-year).
2016: Revenue of $16.6M, expenses of $15.1M, and assets of $18.5M (revenue +0.4% year-over-year).
2015: Revenue of $16.6M, expenses of $15.7M, and assets of $16.5M (revenue -2.0% year-over-year).
2014: Revenue of $16.9M, expenses of $15.1M, and assets of $16.0M (revenue +12.5% year-over-year).
2013: Revenue of $15.0M, expenses of $15.0M, and assets of $13.4M (revenue -20.7% year-over-year).
2012: Revenue of $18.9M, expenses of $16.0M, and assets of $12.1M (revenue +8.9% year-over-year).
2011: Revenue of $17.4M, expenses of $18.5M, and assets of $9.1M.

Data Sources and Methodology

This transparency report for Laundry Dry Cleaning Wkrs & Allied Indust Retrmnt Fund Workers United 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.