Local 338 Benefits Trust Fund
Local 338 Benefits Trust Fund faces sustained operational deficits and declining assets.
EIN: 136313146 · Mineola, NY · Updated: 2026-03-28
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Local 338 Benefits Trust Fund is mapped to EIN 136313146.
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13 stored filing years available.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.7M |
| Program Spending | 90% |
| Net Assets | $8.2M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Local 338 Benefits Trust Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Local 338 Benefits Trust Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Local 338 Benefits Trust Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.8M and expenses of $3.7M.
Revenue and Expenses
Local 338 Benefits Trust Fund reported $1.8M in revenue and $3.7M in expenses, a deficit of $1.8M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Local 338 Benefits Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.3M (90%) |
Across stored filings, Local 338 Benefits Trust Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
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Mineola, NY nonprofitsFollow the Money
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Local 338 Benefits Trust Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 338 Benefits Trust Fund
Local 338 Benefits Trust Fund (EIN: 136313146) is a nonprofit organization based in Mineola, NY. The organization reported total revenue of $3.4M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 338 Benefits Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 338 Benefits Trust Fund is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-1,819,333 |
| Total Assets | $8.5M |
| Total Liabilities | $336K |
| Net Assets | $8.2M |
| Operating Margin | -99.2% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 27.9 months |
Financial Health Grade: B
In 2023, Local 338 Benefits Trust Fund reported a deficit of $1.8M with expenses exceeding revenue, holds 27.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 338 Benefits Trust Fund's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.2% | +4.3% | -8.6% |
| 2022 | -20.2% | +2.5% | -21.9% |
| 2021 | -16.1% | +4.1% | -7.7% |
| 2020 | +49.3% | -12.3% | -7.8% |
| 2019 | +1.3% | +11.3% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 338 Benefits Trust Fund with a Mission Score of 65 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, Local 338 Benefits Trust 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 deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a strong positive for resource allocation.
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 338 Benefits Trust Fund's IRS 990 filings:
- Consistent operational deficits over multiple years (e.g., 2023 expenses $3.65M vs. revenue $1.83M)
- Significant decline in total assets from $14.7M in 2017 to $8.5M in 2023
- Lack of NTEE code, hindering clear understanding of mission and comparative analysis
Strengths
The following positive indicators were identified for Local 338 Benefits Trust Fund:
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership
- Long operational history with 13 filings, suggesting established presence
- Low liabilities relative to assets, indicating good balance sheet health despite asset decline (e.g., 2023 liabilities $336K vs. assets $8.5M)
Frequently Asked Questions about Local 338 Benefits Trust Fund
Is Local 338 Benefits Trust Fund a legitimate charity?
Local 338 Benefits Trust Fund (EIN: 136313146) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Local 338 Benefits Trust Fund spend its money?
Local 338 Benefits Trust Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 338 Benefits Trust Fund tax-deductible?
Local 338 Benefits Trust Fund is registered as a tax-exempt nonprofit (EIN: 136313146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 338 Benefits Trust Fund located?
Local 338 Benefits Trust Fund is headquartered in Mineola, New York and files with the IRS under EIN 136313146.
How many years of IRS 990 filings does Local 338 Benefits Trust Fund have?
Local 338 Benefits Trust 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 $3.4M in total revenue.
Is Local 338 Benefits Trust Fund financially sustainable given its consistent deficits?
The organization has consistently spent more than it earned in recent years, leading to a significant decline in assets from $14.7 million in 2017 to $8.5 million in 2023. This trend raises concerns about long-term financial sustainability if not addressed.
What is the primary purpose of the Local 338 Benefits Trust Fund?
Without an NTEE code or detailed program expense breakdown in the provided data, the specific programmatic activities of the 'Benefits Trust Fund' are not fully clear, though the name suggests providing benefits to members of Local 338.
How does the organization manage to operate with consistent deficits?
The organization has been drawing down its asset reserves to cover operational expenses. This is evident in the decrease of assets from $14,772,251 in 2017 to $8,503,811 in 2023.
Filing History
IRS 990 filing history for Local 338 Benefits Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 338 Benefits Trust Fund's revenue has declined by 81%, moving from $9.6M to $1.8M. Total assets decreased by 54.7% over the same period, from $18.8M to $8.5M. Total functional expenses fell by 61.9%, from $9.6M to $3.7M. In its most recent filing year (2023), Local 338 Benefits Trust Fund reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $336K in liabilities against $8.5M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $3.7M | $8.5M | $336K | — | — |
| 2022 | $2.6M | $3.5M | $9.3M | $211K | — | — |
| 2021 | $3.2M | $3.4M | $11.9M | $80K | — | View 990 |
| 2020 | $3.8M | $3.3M | $12.9M | $87K | — | View 990 |
| 2019 | $2.6M | $3.7M | $14.0M | $101K | — | View 990 |
| 2018 | $2.5M | $3.4M | $13.6M | $157K | — | View 990 |
| 2017 | $3.9M | $3.1M | $14.8M | $105K | — | View 990 |
| 2016 | $3.0M | $3.4M | $13.4M | $95K | — | View 990 |
| 2015 | $4.7M | $4.2M | $12.7M | $90K | — | View 990 |
| 2014 | $5.9M | $4.8M | $12.8M | $142K | — | View 990 |
| 2013 | $4.0M | $9.5M | $11.4M | $90K | — | View 990 |
| 2012 | $7.0M | $9.4M | $16.8M | $92K | — | View 990 |
| 2011 | $9.6M | $9.6M | $18.8M | $166K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $3.7M, and assets of $8.5M (revenue -28.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.5M, and assets of $9.3M (revenue -20.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.4M, and assets of $11.9M (revenue -16.1% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.3M, and assets of $12.9M (revenue +49.3% year-over-year).
- 2019: Revenue of $2.6M, expenses of $3.7M, and assets of $14.0M (revenue +1.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $3.4M, and assets of $13.6M (revenue -34.9% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.1M, and assets of $14.8M (revenue +28.6% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.4M, and assets of $13.4M (revenue -35.2% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.2M, and assets of $12.7M (revenue -20.7% year-over-year).
- 2014: Revenue of $5.9M, expenses of $4.8M, and assets of $12.8M (revenue +48.2% year-over-year).
- 2013: Revenue of $4.0M, expenses of $9.5M, and assets of $11.4M (revenue -43.3% year-over-year).
- 2012: Revenue of $7.0M, expenses of $9.4M, and assets of $16.8M (revenue -27.6% year-over-year).
- 2011: Revenue of $9.6M, expenses of $9.6M, and assets of $18.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 338 Benefits Trust Fund:
Data Sources and Methodology
This transparency report for Local 338 Benefits Trust 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.