Local 888 Health Fund
Local 888 Health Fund reports recent operating deficits with expenses exceeding revenue in 2022 and 2023.
EIN: 131564856 · Elmwood Park, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34.5M |
| Total Expenses | $24.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $17.5M |
| Transparency Score | 65/100 |
Is Local 888 Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 888 Health Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 888 Health Fund
Local 888 Health Fund (EIN: 131564856) is a nonprofit organization based in Elmwood Park, NJ. The organization reported total revenue of $34.5M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 888 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 888 Health Fund is a large nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.2M |
| Total Expenses | $24.7M |
| Surplus / Deficit | $-4,529,971 |
| Total Assets | $20.7M |
| Total Liabilities | $3.1M |
| Net Assets | $17.5M |
| Operating Margin | -22.5% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2023, Local 888 Health Fund reported a deficit of $4.5M with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 888 Health Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | -0.1% | -13.3% |
| 2022 | -7.1% | +17.6% | -20.6% |
| 2021 | -2.7% | +3.8% | +0.1% |
| 2020 | +1.6% | -17.7% | -1.8% |
| 2019 | +4.9% | +15.5% | +8.5% |
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 888 Health 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: 85%
- fundraising: 5%
According to IRS 990 filings, Local 888 Health Fund 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 $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that key executives may not be directly compensated or their compensation is categorized differently, which is unusual for an organization with annual revenues exceeding $20 million.
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 888 Health Fund's IRS 990 filings:
- Consistent operating deficits in the last two reported periods (2022 and 2023)
- Declining asset base since 2021
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure executive pay practices
Strengths
The following positive indicators were identified for Local 888 Health Fund:
- Relatively low liabilities compared to assets, indicating a healthy balance sheet in terms of debt
- Consistent revenue generation over $20 million annually for the past decade
- Long filing history (13 filings) indicating consistent compliance with IRS reporting requirements
Frequently Asked Questions about Local 888 Health Fund
Is Local 888 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 888 Health Fund (EIN: 131564856) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Local 888 Health Fund spend its money?
Local 888 Health Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 888 Health Fund tax-deductible?
Local 888 Health Fund is registered as a tax-exempt nonprofit (EIN: 131564856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local 888 Health Fund CEO make?
Local 888 Health Fund's highest-compensated officer earns $20 annually. The organization reported $34.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Local 888 Health Fund's spending goes to programs?
Local 888 Health Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 888 Health Fund located?
Local 888 Health Fund is headquartered in Elmwood Park, New Jersey and files with the IRS under EIN 131564856.
How many years of IRS 990 filings does Local 888 Health Fund have?
Local 888 Health 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 $34.5M in total revenue.
Why have expenses exceeded revenue in the last two reported periods (2022 and 2023)?
In 2023, expenses were $24,696,740 against revenues of $20,166,769, and in 2022, expenses were $24,713,644 against revenues of $20,838,421. This indicates a recent trend of operating at a deficit.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of spending categories beyond total expenses, making it difficult to assess specific efficiency ratios.
How is officer compensation handled, given the consistent 0% reported in filings?
All available filings show 0% officer compensation, which could mean officers are uncompensated, or their compensation is reported under other expense lines, requiring further clarification for transparency.
What is the plan to address the declining asset trend since 2021?
Assets have decreased from a high of $30,052,687 in 2021 to $20,679,963 in 2023, coinciding with recent operating deficits. A strategy to reverse this trend would be important for long-term stability.
Filing History
IRS 990 filing history for Local 888 Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 888 Health Fund's revenue has declined by 7.3%, moving from $21.8M to $20.2M. Total assets increased by 88.6% over the same period, from $11.0M to $20.7M. Total functional expenses rose by 4.4%, from $23.7M to $24.7M. In its most recent filing year (2023), Local 888 Health Fund reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $20.7M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $17.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.2M | $24.7M | $20.7M | $3.1M | — | — |
| 2022 | $20.8M | $24.7M | $23.8M | $2.6M | — | View 990 |
| 2021 | $22.4M | $21.0M | $30.1M | $2.2M | — | View 990 |
| 2020 | $23.0M | $20.3M | $30.0M | $3.8M | — | View 990 |
| 2019 | $22.7M | $24.6M | $30.6M | $7.5M | — | — |
| 2018 | $21.6M | $21.3M | $28.2M | $4.4M | — | View 990 |
| 2017 | $21.9M | $18.9M | $27.8M | $3.5M | — | View 990 |
| 2016 | $22.6M | $18.2M | $23.2M | $2.6M | — | View 990 |
| 2015 | $22.4M | $18.2M | $18.8M | $2.8M | — | View 990 |
| 2014 | $24.6M | $17.6M | $13.1M | $1.2M | — | View 990 |
| 2013 | $26.2M | $26.6M | $7.7M | $2.7M | — | View 990 |
| 2012 | $24.4M | $26.5M | $8.1M | $2.9M | — | View 990 |
| 2011 | $21.8M | $23.7M | $11.0M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.2M, expenses of $24.7M, and assets of $20.7M (revenue -3.2% year-over-year).
- 2022: Revenue of $20.8M, expenses of $24.7M, and assets of $23.8M (revenue -7.1% year-over-year).
- 2021: Revenue of $22.4M, expenses of $21.0M, and assets of $30.1M (revenue -2.7% year-over-year).
- 2020: Revenue of $23.0M, expenses of $20.3M, and assets of $30.0M (revenue +1.6% year-over-year).
- 2019: Revenue of $22.7M, expenses of $24.6M, and assets of $30.6M (revenue +4.9% year-over-year).
- 2018: Revenue of $21.6M, expenses of $21.3M, and assets of $28.2M (revenue -1.2% year-over-year).
- 2017: Revenue of $21.9M, expenses of $18.9M, and assets of $27.8M (revenue -3.2% year-over-year).
- 2016: Revenue of $22.6M, expenses of $18.2M, and assets of $23.2M (revenue +1.1% year-over-year).
- 2015: Revenue of $22.4M, expenses of $18.2M, and assets of $18.8M (revenue -9.1% year-over-year).
- 2014: Revenue of $24.6M, expenses of $17.6M, and assets of $13.1M (revenue -6.1% year-over-year).
- 2013: Revenue of $26.2M, expenses of $26.6M, and assets of $7.7M (revenue +7.2% year-over-year).
- 2012: Revenue of $24.4M, expenses of $26.5M, and assets of $8.1M (revenue +12.4% year-over-year).
- 2011: Revenue of $21.8M, expenses of $23.7M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 888 Health Fund:
Data Sources and Methodology
This transparency report for Local 888 Health 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.