Local 1205 Welfare Plan
Local 1205 Welfare Plan maintains stable finances with growing assets and no reported officer compensation.
EIN: 111586595 · Farmingdale, NY · Updated: 2026-03-28
Is Local 1205 Welfare Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 1205 Welfare Plan directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 1205 Welfare Plan
Local 1205 Welfare Plan (EIN: 111586595) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $42.7M and total assets of $37.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1205 Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 1205 Welfare Plan is a large nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.7M |
| Total Expenses | $19.3M |
| Surplus / Deficit | $-619,209 |
| Total Assets | $36.1M |
| Total Liabilities | $4.5M |
| Net Assets | $31.6M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 22.4 months |
Financial Health Grade: B
In 2023, Local 1205 Welfare Plan reported a deficit of $619K with expenses exceeding revenue, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 1205 Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +13.4% | +7.2% |
| 2022 | +4.7% | -2.4% | -7.0% |
| 2021 | -16.8% | -11.0% | +18.1% |
| 2020 | -0.3% | -4.3% | +5.9% |
| 2019 | +4.1% | -8.5% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Local 1205 Welfare Plan 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: 85%
- fundraising: 5%
According to IRS 990 filings, Local 1205 Welfare Plan allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $619K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either that no officers receive compensation or that it is reported under a different category, which is unusual for an organization of this size with revenues exceeding $18 million annually.
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 Local 1205 Welfare Plan's IRS 990 filings:
- Unknown NTEE code limits mission understanding and peer comparison
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) hinders efficiency assessment
- Consistent 0% officer compensation is unusual for an organization of this scale and warrants further inquiry into executive remuneration practices.
Strengths
The following positive indicators were identified for Local 1205 Welfare Plan:
- Consistent revenue generation, averaging over $18 million annually in recent years.
- Growing asset base, reaching $36,055,749 in 2023, indicating financial stability.
- Liabilities appear manageable relative to assets, suggesting good financial health.
- Consistent filing history (13 filings) demonstrates adherence to reporting requirements.
Frequently Asked Questions about Local 1205 Welfare Plan
Is Local 1205 Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 1205 Welfare Plan (EIN: 111586595) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Local 1205 Welfare Plan spend its money?
Local 1205 Welfare Plan directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 1205 Welfare Plan tax-deductible?
Local 1205 Welfare Plan is registered as a tax-exempt nonprofit (EIN: 111586595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific welfare benefits does Local 1205 Welfare Plan provide?
The provided IRS 990 data does not detail the specific welfare benefits offered by the organization. Further investigation into their public documents or website would be necessary.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization with revenues in the tens of millions. This could indicate that officers are uncompensated, compensated through a related entity, or that compensation is reported in a different section of the 990 not detailed in the provided summary.
What is the NTEE code for Local 1205 Welfare Plan?
The NTEE code for Local 1205 Welfare Plan is listed as 'Unknown' in the provided data. This limits the ability to categorize its mission and compare its financial performance to peer organizations.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data only gives total revenues and expenses, not a detailed breakdown into program, administrative, and fundraising categories. This information is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Local 1205 Welfare Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 1205 Welfare Plan's revenue has grown by 24.7%, moving from $15.0M to $18.7M. Total assets increased by 13.7% over the same period, from $31.7M to $36.1M. Total functional expenses rose by 50%, from $12.9M to $19.3M. In its most recent filing year (2023), Local 1205 Welfare Plan reported a deficit of $619K, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $36.1M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $31.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.7M | $19.3M | $36.1M | $4.5M | — | View 990 |
| 2022 | $18.1M | $17.0M | $33.6M | $4.1M | — | View 990 |
| 2021 | $17.3M | $17.4M | $36.2M | $3.5M | — | View 990 |
| 2020 | $20.8M | $19.6M | $30.6M | $3.5M | — | View 990 |
| 2019 | $20.9M | $20.5M | $28.9M | $4.0M | — | View 990 |
| 2018 | $20.1M | $22.4M | $27.5M | $4.6M | — | View 990 |
| 2017 | $21.6M | $23.5M | $28.7M | $4.5M | — | View 990 |
| 2016 | $17.6M | $22.5M | $31.0M | $4.3M | — | View 990 |
| 2015 | $17.8M | $19.6M | $35.0M | $4.4M | — | View 990 |
| 2014 | $17.7M | $16.9M | $34.9M | $3.6M | — | View 990 |
| 2013 | $16.1M | $16.6M | $31.4M | $3.5M | — | View 990 |
| 2012 | $17.1M | $17.8M | $31.0M | $3.9M | — | View 990 |
| 2011 | $15.0M | $12.9M | $31.7M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.7M, expenses of $19.3M, and assets of $36.1M (revenue +2.9% year-over-year).
- 2022: Revenue of $18.1M, expenses of $17.0M, and assets of $33.6M (revenue +4.7% year-over-year).
- 2021: Revenue of $17.3M, expenses of $17.4M, and assets of $36.2M (revenue -16.8% year-over-year).
- 2020: Revenue of $20.8M, expenses of $19.6M, and assets of $30.6M (revenue -0.3% year-over-year).
- 2019: Revenue of $20.9M, expenses of $20.5M, and assets of $28.9M (revenue +4.1% year-over-year).
- 2018: Revenue of $20.1M, expenses of $22.4M, and assets of $27.5M (revenue -7.1% year-over-year).
- 2017: Revenue of $21.6M, expenses of $23.5M, and assets of $28.7M (revenue +22.8% year-over-year).
- 2016: Revenue of $17.6M, expenses of $22.5M, and assets of $31.0M (revenue -1.2% year-over-year).
- 2015: Revenue of $17.8M, expenses of $19.6M, and assets of $35.0M (revenue +0.8% year-over-year).
- 2014: Revenue of $17.7M, expenses of $16.9M, and assets of $34.9M (revenue +9.5% year-over-year).
- 2013: Revenue of $16.1M, expenses of $16.6M, and assets of $31.4M (revenue -5.5% year-over-year).
- 2012: Revenue of $17.1M, expenses of $17.8M, and assets of $31.0M (revenue +14.0% year-over-year).
- 2011: Revenue of $15.0M, expenses of $12.9M, and assets of $31.7M.
Data Sources and Methodology
This transparency report for Local 1205 Welfare Plan 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.