Local 522 Welfare Fund Roofers Division
Local 522 Welfare Fund Roofers Division maintains stable assets and reports no officer compensation.
EIN: 111854964 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Local 522 Welfare Fund Roofers Division Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 522 Welfare Fund Roofers Division directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 522 Welfare Fund Roofers Division
Local 522 Welfare Fund Roofers Division (EIN: 111854964) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $3.2M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 522 Welfare Fund Roofers Division's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 522 Welfare Fund Roofers Division is a mid-size nonprofit that has been operating for 61 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$1K |
| Total Assets | $1.9M |
| Total Liabilities | $333K |
| Net Assets | $1.5M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Local 522 Welfare Fund Roofers Division reported a surplus of $1K with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Local 522 Welfare Fund Roofers Division's revenue has grown at a compound annual growth rate (CAGR) of 22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -20.4% | -2.2% |
| 2022 | -5.5% | +35.5% | -19.5% |
| 2021 | +46.9% | +10.5% | +9.2% |
| 2020 | +124.0% | -16.1% | -2.7% |
| 2019 | -69.1% | +13.9% | -29.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 522 Welfare Fund Roofers Division 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 522 Welfare Fund Roofers Division 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an organization of its size with revenues fluctuating around $1-1.5 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.
Strengths
The following positive indicators were identified for Local 522 Welfare Fund Roofers Division:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship.
- Assets consistently exceed liabilities, demonstrating a healthy balance sheet and financial stability.
- Revenue and expenses are generally in balance, suggesting responsible financial management.
- Long filing history (14 filings) indicates consistent compliance and transparency.
Frequently Asked Questions about Local 522 Welfare Fund Roofers Division
Is Local 522 Welfare Fund Roofers Division a legitimate charity?
Local 522 Welfare Fund Roofers Division (EIN: 111854964) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Local 522 Welfare Fund Roofers Division spend its money?
Local 522 Welfare Fund Roofers Division directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 522 Welfare Fund Roofers Division tax-deductible?
Local 522 Welfare Fund Roofers Division is registered as a tax-exempt nonprofit (EIN: 111854964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local 522 Welfare Fund Roofers Division CEO make?
Local 522 Welfare Fund Roofers Division's highest-compensated officer earns $1 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Local 522 Welfare Fund Roofers Division located?
Local 522 Welfare Fund Roofers Division is headquartered in Brooklyn, New York and files with the IRS under EIN 111854964.
How many years of IRS 990 filings does Local 522 Welfare Fund Roofers Division have?
Local 522 Welfare Fund Roofers Division has 14 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 $3.2M in total revenue.
Is Local 522 Welfare Fund Roofers Division financially stable?
Yes, the organization appears financially stable, consistently holding assets significantly greater than its liabilities across all reported periods. For example, in 2023, assets were $1,874,480 compared to liabilities of $333,094.
Does Local 522 Welfare Fund Roofers Division pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, indicating no salaries are paid to its officers.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated over the past decade, ranging from a low of $445,026 in 2019 to a high of $1,563,365 in 2017, without a clear consistent upward or downward trend.
Are the organization's expenses generally covered by its revenue?
While there are years where expenses exceeded revenue (e.g., 2022 with $1,790,975 expenses vs. $1,385,099 revenue), there are also years with surpluses (e.g., 2023 with $1,427,401 revenue vs. $1,426,241 expenses), indicating a generally balanced approach to spending relative to income.
Filing History
IRS 990 filing history for Local 522 Welfare Fund Roofers Division showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Local 522 Welfare Fund Roofers Division's revenue has grown by 1279%, moving from $104K to $1.4M. Total assets decreased by 33.6% over the same period, from $2.8M to $1.9M. Total functional expenses rose by 82.2%, from $783K to $1.4M. In its most recent filing year (2023), Local 522 Welfare Fund Roofers Division reported a surplus of $1K, with revenue exceeding expenses. The organization holds $333K in liabilities against $1.9M in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $1.9M | $333K | — | — |
| 2022 | $1.4M | $1.8M | $1.9M | $433K | — | View 990 |
| 2021 | $1.5M | $1.3M | $2.4M | $196K | — | View 990 |
| 2020 | $997K | $1.2M | $2.2M | $171K | — | — |
| 2019 | $445K | $1.4M | $2.2M | $168K | — | View 990 |
| 2018 | $1.4M | $1.3M | $3.2M | $135K | — | View 990 |
| 2017 | $1.6M | $1.0M | $3.0M | $116K | — | View 990 |
| 2016 | $607K | $1.2M | $2.5M | $195K | — | View 990 |
| 2015 | $1.2M | $918K | $3.1M | $264K | — | View 990 |
| 2014 | $1.2M | $1.1M | $2.9M | $274K | — | View 990 |
| 2013 | $1.2M | $1.1M | $2.7M | $301K | — | View 990 |
| 2012 | $1.3M | $1.0M | $2.4M | $317K | — | View 990 |
| 2011 | $123K | $982K | $2.0M | $239K | — | View 990 |
| 2010 | $104K | $783K | $2.8M | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $1.9M (revenue +3.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.8M, and assets of $1.9M (revenue -5.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $2.4M (revenue +46.9% year-over-year).
- 2020: Revenue of $997K, expenses of $1.2M, and assets of $2.2M (revenue +124.0% year-over-year).
- 2019: Revenue of $445K, expenses of $1.4M, and assets of $2.2M (revenue -69.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $3.2M (revenue -8.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.0M, and assets of $3.0M (revenue +157.7% year-over-year).
- 2016: Revenue of $607K, expenses of $1.2M, and assets of $2.5M (revenue -48.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $918K, and assets of $3.1M (revenue -4.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $2.9M (revenue +3.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue -5.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.0M, and assets of $2.4M (revenue +924.0% year-over-year).
- 2011: Revenue of $123K, expenses of $982K, and assets of $2.0M (revenue +19.2% year-over-year).
- 2010: Revenue of $104K, expenses of $783K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 522 Welfare Fund Roofers Division:
Data Sources and Methodology
This transparency report for Local 522 Welfare Fund Roofers Division 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.