Local 338 Health And Welfare Fund
Local 338 Health And Welfare Fund consistently manages tens of millions in revenue and expenses with no reported officer compensation.
EIN: 132980858 · Mineola, NY · Updated: 2026-03-28
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Local 338 Health And Welfare Fund is mapped to EIN 132980858.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $53.8M |
| Total Expenses | $46.0M |
| Program Spending | 90% |
| Net Assets | $43.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Local 338 Health And Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Local 338 Health And Welfare 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 Health And Welfare Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $41.5M and expenses of $46.0M.
Revenue and Expenses
Local 338 Health And Welfare Fund reported $41.5M in revenue and $46.0M in expenses, a deficit of $4.5M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 3 strengths are shown from structured and AI review.
Is Local 338 Health And Welfare Fund Legit?
Appears Legitimate
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 | $41.4M (90%) |
Across stored filings, Local 338 Health And Welfare 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 | Appears Legitimate | Good filing record; no 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 Health And Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 338 Health And Welfare Fund
Local 338 Health And Welfare Fund (EIN: 132980858) is a nonprofit organization based in Mineola, NY. The organization reported total revenue of $53.8M and total assets of $43.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 338 Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 338 Health And Welfare Fund is a major nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.5M |
| Total Expenses | $46.0M |
| Surplus / Deficit | $-4,469,307 |
| Total Assets | $44.4M |
| Total Liabilities | $620K |
| Net Assets | $43.8M |
| Operating Margin | -10.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Local 338 Health And Welfare Fund reported a deficit of $4.5M with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 338 Health And Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | +16.6% | -1.2% |
| 2022 | +2.2% | -12.0% | -1.4% |
| 2021 | +9.3% | +10.4% | +1.3% |
| 2020 | -19.0% | -8.4% | +4.2% |
| 2019 | +27.3% | +9.3% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Health And Welfare Fund with a Mission Score of 85 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 338 Health And 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 deficit of $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no funds are allocated for officer salaries, which is highly efficient for an organization managing tens of millions in revenue and assets.
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 338 Health And Welfare Fund:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Strong asset base ($44,408,603 in 202312) relative to liabilities ($620,084 in 202312), demonstrating financial resilience.
- Consistent filing of IRS 990 forms over 13 periods, suggesting good governance and transparency.
Frequently Asked Questions about Local 338 Health And Welfare Fund
Is Local 338 Health And Welfare Fund a legitimate charity?
Local 338 Health And Welfare Fund (EIN: 132980858) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $53.8M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Local 338 Health And Welfare Fund spend its money?
Local 338 Health And Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 338 Health And Welfare Fund tax-deductible?
Local 338 Health And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 132980858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 338 Health And Welfare Fund located?
Local 338 Health And Welfare Fund is headquartered in Mineola, New York and files with the IRS under EIN 132980858.
How many years of IRS 990 filings does Local 338 Health And Welfare Fund have?
Local 338 Health And 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 $53.8M in total revenue.
Is Local 338 Health And Welfare Fund financially stable?
Yes, despite occasional annual deficits like the $4.47 million deficit in 202312, the organization maintains substantial assets ($44,408,603 in 202312) and low liabilities ($620,084 in 202312), indicating strong financial stability.
How does Local 338 Health And Welfare Fund manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no funds are used for executive salaries, which is a highly efficient practice.
What is the trend in the organization's revenue and expenses?
Revenue and expenses generally fluctuate between $30 million and $50 million annually, with some years showing surpluses (e.g., 202212 with $6.18 million surplus) and others deficits (e.g., 202312 with $4.47 million deficit).
Filing History
IRS 990 filing history for Local 338 Health And Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 338 Health And Welfare Fund's revenue has grown by 22.1%, moving from $34.0M to $41.5M. Total assets decreased by 5.7% over the same period, from $47.1M to $44.4M. Total functional expenses rose by 34%, from $34.3M to $46.0M. In its most recent filing year (2023), Local 338 Health And Welfare Fund reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $620K in liabilities against $44.4M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $43.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.5M | $46.0M | $44.4M | $620K | — | — |
| 2022 | $45.6M | $39.4M | $45.0M | $567K | — | — |
| 2021 | $44.7M | $44.8M | $45.6M | $568K | — | View 990 |
| 2020 | $40.9M | $40.6M | $45.0M | $611K | — | View 990 |
| 2019 | $50.5M | $44.3M | $43.2M | $661K | — | View 990 |
| 2018 | $39.6M | $40.6M | $40.5M | $546K | — | View 990 |
| 2017 | $34.7M | $38.2M | $42.9M | $395K | — | View 990 |
| 2016 | $29.7M | $36.2M | $45.2M | $124K | — | View 990 |
| 2015 | $37.4M | $39.6M | $48.6M | $208K | — | View 990 |
| 2014 | $33.6M | $38.1M | $51.4M | $844K | — | View 990 |
| 2013 | $42.5M | $34.5M | $54.0M | $114K | — | View 990 |
| 2012 | $33.2M | $35.4M | $45.4M | $109K | — | View 990 |
| 2011 | $34.0M | $34.3M | $47.1M | $343K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.5M, expenses of $46.0M, and assets of $44.4M (revenue -9.0% year-over-year).
- 2022: Revenue of $45.6M, expenses of $39.4M, and assets of $45.0M (revenue +2.2% year-over-year).
- 2021: Revenue of $44.7M, expenses of $44.8M, and assets of $45.6M (revenue +9.3% year-over-year).
- 2020: Revenue of $40.9M, expenses of $40.6M, and assets of $45.0M (revenue -19.0% year-over-year).
- 2019: Revenue of $50.5M, expenses of $44.3M, and assets of $43.2M (revenue +27.3% year-over-year).
- 2018: Revenue of $39.6M, expenses of $40.6M, and assets of $40.5M (revenue +14.2% year-over-year).
- 2017: Revenue of $34.7M, expenses of $38.2M, and assets of $42.9M (revenue +17.0% year-over-year).
- 2016: Revenue of $29.7M, expenses of $36.2M, and assets of $45.2M (revenue -20.7% year-over-year).
- 2015: Revenue of $37.4M, expenses of $39.6M, and assets of $48.6M (revenue +11.5% year-over-year).
- 2014: Revenue of $33.6M, expenses of $38.1M, and assets of $51.4M (revenue -21.1% year-over-year).
- 2013: Revenue of $42.5M, expenses of $34.5M, and assets of $54.0M (revenue +27.9% year-over-year).
- 2012: Revenue of $33.2M, expenses of $35.4M, and assets of $45.4M (revenue -2.2% year-over-year).
- 2011: Revenue of $34.0M, expenses of $34.3M, and assets of $47.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 338 Health And Welfare Fund:
Data Sources and Methodology
This transparency report for Local 338 Health And 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.