Local 272 Welfare Fund
Local 272 Welfare Fund shows consistent revenue growth and zero officer compensation over the past decade.
EIN: 135555808 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59.3M |
| Total Expenses | $29.1M |
| Program Spending | 90% |
| Net Assets | $36.9M |
| Transparency Score | 90/100 |
Is Local 272 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 272 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 272 Welfare Fund
Local 272 Welfare Fund (EIN: 135555808) is a nonprofit organization based in New York, NY. The organization reported total revenue of $59.3M and total assets of $50.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 272 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 272 Welfare Fund is a major nonprofit that has been operating for 75 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.9M |
| Total Expenses | $29.1M |
| Surplus / Deficit | +$6.8M |
| Total Assets | $42.5M |
| Total Liabilities | $5.6M |
| Net Assets | $36.9M |
| Operating Margin | 18.9% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Local 272 Welfare Fund reported a surplus of $6.8M with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Local 272 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +32.9% | +26.0% |
| 2022 | +9.3% | -15.9% | +43.5% |
| 2021 | +2.1% | -4.6% | +34.2% |
| 2020 | -16.1% | -18.0% | +28.4% |
| 2019 | +15.1% | -1.3% | +42.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 272 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, Local 272 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 $6.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation directly from the organization. This suggests a strong commitment to directing all available funds towards the welfare fund's beneficiaries.
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 Local 272 Welfare Fund:
- Consistent 0% officer compensation, indicating efficient use of funds for its mission.
- Significant growth in assets, nearly quadrupling from $17.5M in 2020 to $42.4M in 2023.
- Consistent surplus of revenue over expenses in recent years, demonstrating financial health.
- Long history of IRS 990 filings (12 filings), indicating regulatory compliance and transparency.
Frequently Asked Questions about Local 272 Welfare Fund
Is Local 272 Welfare Fund a legitimate charity?
Local 272 Welfare Fund (EIN: 135555808) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $59.3M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Local 272 Welfare Fund spend its money?
Local 272 Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 272 Welfare Fund tax-deductible?
Local 272 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 135555808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 272 Welfare Fund located?
Local 272 Welfare Fund is headquartered in New York, New York and files with the IRS under EIN 135555808.
How many years of IRS 990 filings does Local 272 Welfare Fund have?
Local 272 Welfare Fund has 12 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 $59.3M in total revenue.
Is Local 272 Welfare Fund financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $31,184,640 in 2020 to $35,864,581 in 2023, and a significant increase in assets from $17,500,828 to $42,476,869 over the same period.
How much of its funds go to executive salaries?
According to the provided IRS 990 data, officer compensation has consistently been reported as 0% across all available filing periods, meaning no funds are allocated to executive salaries.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown substantial growth, increasing from $8,926,347 in 2013 to $42,476,869 in 2023, indicating strong financial management and accumulation of reserves.
Filing History
IRS 990 filing history for Local 272 Welfare Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Local 272 Welfare Fund's revenue has grown by 78.3%, moving from $20.1M to $35.9M. Total assets increased by 276.7% over the same period, from $11.3M to $42.5M. Total functional expenses rose by 44.5%, from $20.1M to $29.1M. In its most recent filing year (2023), Local 272 Welfare Fund reported a surplus of $6.8M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $42.5M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $36.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.9M | $29.1M | $42.5M | $5.6M | — | — |
| 2022 | $34.8M | $21.9M | $33.7M | $4.6M | — | — |
| 2021 | $31.8M | $26.0M | $23.5M | $5.1M | — | View 990 |
| 2020 | $31.2M | $27.3M | $17.5M | $4.8M | — | View 990 |
| 2019 | $37.2M | $33.2M | $13.6M | $6.8M | — | View 990 |
| 2018 | $32.3M | $33.7M | $9.5M | $6.8M | — | View 990 |
| 2017 | $29.6M | $28.7M | $9.2M | $7.0M | — | View 990 |
| 2016 | $27.7M | $24.2M | $8.6M | $7.5M | — | View 990 |
| 2015 | $28.3M | $27.1M | $8.0M | $10.3M | — | View 990 |
| 2013 | $21.0M | $24.4M | $8.9M | $9.1M | — | View 990 |
| 2012 | $21.4M | $22.0M | $10.9M | $7.6M | — | View 990 |
| 2011 | $20.1M | $20.1M | $11.3M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.9M, expenses of $29.1M, and assets of $42.5M (revenue +3.1% year-over-year).
- 2022: Revenue of $34.8M, expenses of $21.9M, and assets of $33.7M (revenue +9.3% year-over-year).
- 2021: Revenue of $31.8M, expenses of $26.0M, and assets of $23.5M (revenue +2.1% year-over-year).
- 2020: Revenue of $31.2M, expenses of $27.3M, and assets of $17.5M (revenue -16.1% year-over-year).
- 2019: Revenue of $37.2M, expenses of $33.2M, and assets of $13.6M (revenue +15.1% year-over-year).
- 2018: Revenue of $32.3M, expenses of $33.7M, and assets of $9.5M (revenue +9.2% year-over-year).
- 2017: Revenue of $29.6M, expenses of $28.7M, and assets of $9.2M (revenue +6.8% year-over-year).
- 2016: Revenue of $27.7M, expenses of $24.2M, and assets of $8.6M (revenue -2.4% year-over-year).
- 2015: Revenue of $28.3M, expenses of $27.1M, and assets of $8.0M (revenue +35.0% year-over-year).
- 2013: Revenue of $21.0M, expenses of $24.4M, and assets of $8.9M (revenue -1.9% year-over-year).
- 2012: Revenue of $21.4M, expenses of $22.0M, and assets of $10.9M (revenue +6.5% year-over-year).
- 2011: Revenue of $20.1M, expenses of $20.1M, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 272 Welfare Fund:
Data Sources and Methodology
This transparency report for Local 272 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.