Material Yard Workers Local No 1175 Welfare Fund
Material Yard Workers Local No 1175 Welfare Fund maintains stable finances with no reported officer compensation.
EIN: 135679400 · Astoria, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $4.8M |
| Program Spending | 90% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Material Yard Workers Local No 1175 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Material Yard Workers Local No 1175 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Material Yard Workers Local No 1175 Welfare Fund
Material Yard Workers Local No 1175 Welfare Fund (EIN: 135679400) is a nonprofit organization based in Astoria, NY. The organization reported total revenue of $5.9M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Material Yard Workers Local No 1175 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Material Yard Workers Local No 1175 Welfare Fund is a mid-size nonprofit that has been operating for 86 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-136,560 |
| Total Assets | $2.8M |
| Total Liabilities | $530K |
| Net Assets | $2.3M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 18.8% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Material Yard Workers Local No 1175 Welfare Fund reported a deficit of $137K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 18.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Material Yard Workers Local No 1175 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +15.3% | +18.9% |
| 2022 | +12.8% | +5.2% | -9.7% |
| 2021 | +1.7% | +5.8% | -6.5% |
| 2020 | +1.2% | +6.4% | -0.2% |
| 2019 | +5.6% | +3.9% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
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 Material Yard Workers Local No 1175 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, Material Yard Workers Local No 1175 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly from the fund, which is highly efficient for an organization of its size with revenues consistently in the multi-million dollar range.
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 Material Yard Workers Local No 1175 Welfare Fund's IRS 990 filings:
- Significant increase in liabilities from $27,085 in 2022 to $530,096 in 2023 without clear explanation in provided data.
Strengths
The following positive indicators were identified for Material Yard Workers Local No 1175 Welfare Fund:
- Consistent revenue growth, from $3.6M in 2014 to $4.6M in 2023.
- No reported officer compensation across all filings, indicating high efficiency at the executive level.
- Stable asset base, growing from $2.7M in 2014 to $2.8M in 2023.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Material Yard Workers Local No 1175 Welfare Fund
Is Material Yard Workers Local No 1175 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Material Yard Workers Local No 1175 Welfare Fund (EIN: 135679400) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Material Yard Workers Local No 1175 Welfare Fund spend its money?
Material Yard Workers Local No 1175 Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Material Yard Workers Local No 1175 Welfare Fund tax-deductible?
Material Yard Workers Local No 1175 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 135679400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Material Yard Workers Local No 1175 Welfare Fund located?
Material Yard Workers Local No 1175 Welfare Fund is headquartered in Astoria, New York and files with the IRS under EIN 135679400.
How many years of IRS 990 filings does Material Yard Workers Local No 1175 Welfare Fund have?
Material Yard Workers Local No 1175 Welfare Fund 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 $5.9M in total revenue.
Is Material Yard Workers Local No 1175 Welfare Fund a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial stability, consistent revenue growth, and a highly efficient executive compensation structure (0%). While a detailed expense breakdown is not provided, the overall financial health and lack of officer compensation suggest it is well-managed.
What caused the significant increase in liabilities in 2023?
The liabilities increased from $27,085 in 2022 to $530,096 in 2023. Without further detail from the 990 filing, the specific cause cannot be determined, but it warrants further investigation to understand the nature of these obligations.
How does the organization ensure its spending directly benefits its members?
As a welfare fund, its primary purpose is to provide benefits to its members. The consistent spending close to revenue, without officer compensation, suggests that funds are being utilized for their intended purpose. However, a detailed program expense breakdown would provide more clarity.
Filing History
IRS 990 filing history for Material Yard Workers Local No 1175 Welfare Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Material Yard Workers Local No 1175 Welfare Fund's revenue has grown by 79.6%, moving from $2.6M to $4.7M. Total assets decreased by 8% over the same period, from $3.1M to $2.8M. Total functional expenses rose by 76.3%, from $2.7M to $4.8M. In its most recent filing year (2023), Material Yard Workers Local No 1175 Welfare Fund reported a deficit of $137K, with expenses exceeding revenue. The organization holds $530K in liabilities against $2.8M in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.8M | $2.8M | $530K | — | — |
| 2022 | $4.2M | $4.2M | $2.4M | $27K | — | View 990 |
| 2021 | $3.7M | $4.0M | $2.6M | $71K | — | View 990 |
| 2020 | $3.7M | $3.7M | $2.8M | $32K | — | View 990 |
| 2019 | $3.6M | $3.5M | $2.8M | $20K | — | View 990 |
| 2018 | $3.4M | $3.4M | $2.6M | $87K | — | View 990 |
| 2017 | $3.6M | $3.8M | $2.6M | $119K | — | View 990 |
| 2016 | $3.9M | $3.9M | $2.7M | $33K | — | View 990 |
| 2015 | $3.8M | $3.8M | $2.7M | $34K | — | View 990 |
| 2014 | $3.6M | $3.5M | $2.7M | $32K | — | View 990 |
| 2013 | $3.2M | $3.2M | $2.7M | $51K | — | View 990 |
| 2012 | $2.9M | $3.1M | $2.7M | $42K | — | View 990 |
| 2011 | $2.7M | $2.8M | $2.9M | $41K | — | View 990 |
| 2010 | $2.6M | $2.7M | $3.1M | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.8M, and assets of $2.8M (revenue +10.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.2M, and assets of $2.4M (revenue +12.8% year-over-year).
- 2021: Revenue of $3.7M, expenses of $4.0M, and assets of $2.6M (revenue +1.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.7M, and assets of $2.8M (revenue +1.2% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.5M, and assets of $2.8M (revenue +5.6% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $2.6M (revenue -3.9% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.8M, and assets of $2.6M (revenue -7.8% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.9M, and assets of $2.7M (revenue +2.8% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.8M, and assets of $2.7M (revenue +3.8% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.5M, and assets of $2.7M (revenue +13.5% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.2M, and assets of $2.7M (revenue +11.7% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.1M, and assets of $2.7M (revenue +6.0% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.8M, and assets of $2.9M (revenue +4.4% year-over-year).
- 2010: Revenue of $2.6M, expenses of $2.7M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Material Yard Workers Local No 1175 Welfare Fund:
Data Sources and Methodology
This transparency report for Material Yard Workers Local No 1175 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.