Metal Lathers Trust Fund 46
Metal Lathers Trust Fund 46 maintains substantial financial activity with zero reported officer compensation.
EIN: 131598182 · Woodside, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.0M |
| Total Expenses | $27.8M |
| Program Spending | 85% |
| Net Assets | $21.9M |
| Transparency Score | 75/100 |
Is Metal Lathers Trust Fund 46 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metal Lathers Trust Fund 46 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metal Lathers Trust Fund 46
Metal Lathers Trust Fund 46 (EIN: 131598182) is a nonprofit organization based in Woodside, NY. The organization reported total revenue of $35.0M and total assets of $22.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metal Lathers Trust Fund 46's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metal Lathers Trust Fund 46 is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.0M |
| Total Expenses | $27.8M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $24.2M |
| Total Liabilities | $2.2M |
| Net Assets | $21.9M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2023, Metal Lathers Trust Fund 46 reported a surplus of $1.2M with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metal Lathers Trust Fund 46's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | -5.1% | +2.9% |
| 2022 | -5.1% | -12.7% | -16.0% |
| 2021 | -7.9% | +4.5% | -8.6% |
| 2020 | -9.3% | -3.2% | -0.8% |
| 2019 | -13.7% | -18.1% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Metal Lathers Trust Fund 46 with a Mission Score of 75 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, Metal Lathers Trust Fund 46 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a highly positive aspect for resource allocation given the organization's multi-million dollar revenue and asset base.
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 Metal Lathers Trust Fund 46's IRS 990 filings:
- Declining asset base from $39.9M in 2015 to $24.1M in 2023.
- Frequent periods where expenses exceed revenue, such as in 2022 ($2.5M deficit) and 2021 ($5.3M deficit).
- NTEE code is unknown, limiting comparative analysis with peer organizations.
Strengths
The following positive indicators were identified for Metal Lathers Trust Fund 46:
- Consistent filing of IRS Form 990s, indicating transparency.
- 0% officer compensation reported across all filings, suggesting efficient use of funds for mission.
- Substantial revenue and asset base, indicating a significant operational scale.
Frequently Asked Questions about Metal Lathers Trust Fund 46
Is Metal Lathers Trust Fund 46 a legitimate charity?
Based on AI analysis of IRS 990 filings, Metal Lathers Trust Fund 46 (EIN: 131598182) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Metal Lathers Trust Fund 46 spend its money?
Metal Lathers Trust Fund 46 directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Metal Lathers Trust Fund 46 tax-deductible?
Metal Lathers Trust Fund 46 is registered as a tax-exempt nonprofit (EIN: 131598182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Metal Lathers Trust Fund 46's spending goes to programs?
Metal Lathers Trust Fund 46 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Metal Lathers Trust Fund 46 located?
Metal Lathers Trust Fund 46 is headquartered in Woodside, New York and files with the IRS under EIN 131598182.
How many years of IRS 990 filings does Metal Lathers Trust Fund 46 have?
Metal Lathers Trust Fund 46 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 $35.0M in total revenue.
Is Metal Lathers Trust Fund 46 financially stable?
The organization shows periods of both surpluses and deficits. For example, in 2023, it had a surplus of over $1.2 million ($29,022,085 revenue vs. $27,814,873 expenses), but in 2022, it incurred a deficit of over $2.5 million ($26,766,393 revenue vs. $29,323,015 expenses). Its assets have also decreased from a high of nearly $40 million in 2015 to $24.15 million in 2023, suggesting a need for careful financial management.
How does Metal Lathers Trust Fund 46 allocate its funds?
Based on the provided data, a detailed breakdown of program, administrative, and fundraising expenses is not available. However, the consistent 0% officer compensation suggests a strong focus on directing funds away from executive salaries. Without specific expense categories, a precise allocation analysis is not possible.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend from a peak of $39,988,531 in 2015 to $24,150,367 in 2023. This represents a significant decrease over the past eight years, which could warrant further investigation into the reasons behind this trend.
Is the organization transparent?
Yes, the organization demonstrates transparency through its consistent filing of IRS Form 990s, with 13 filings available for public review. The detailed financial figures provided in these filings contribute to its transparency.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is a significant positive indicator. It means that the organization's leadership is not drawing salaries, which suggests that a greater proportion of funds could be directed towards its mission and operations rather than executive pay.
Filing History
IRS 990 filing history for Metal Lathers Trust Fund 46 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metal Lathers Trust Fund 46's revenue has grown by 15.1%, moving from $25.2M to $29.0M. Total assets decreased by 12.9% over the same period, from $27.7M to $24.2M. Total functional expenses rose by 54.8%, from $18.0M to $27.8M. In its most recent filing year (2023), Metal Lathers Trust Fund 46 reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $24.2M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $21.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.0M | $27.8M | $24.2M | $2.2M | — | — |
| 2022 | $26.8M | $29.3M | $23.5M | $1.3M | — | View 990 |
| 2021 | $28.2M | $33.6M | $27.9M | $967K | — | View 990 |
| 2020 | $30.6M | $32.1M | $30.6M | $1.0M | — | — |
| 2019 | $33.8M | $33.2M | $30.8M | $828K | — | View 990 |
| 2018 | $39.1M | $40.5M | $29.9M | $834K | — | View 990 |
| 2017 | $42.2M | $51.0M | $35.5M | $659K | — | View 990 |
| 2016 | $25.7M | $28.1M | $38.9M | $1.1M | — | View 990 |
| 2015 | $24.4M | $25.0M | $40.0M | $3.4M | — | View 990 |
| 2014 | $22.1M | $19.8M | $39.2M | $2.4M | — | View 990 |
| 2013 | $20.6M | $19.3M | $35.7M | $2.8M | — | View 990 |
| 2012 | $21.9M | $19.1M | $30.5M | $1.5M | — | View 990 |
| 2011 | $25.2M | $18.0M | $27.7M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.0M, expenses of $27.8M, and assets of $24.2M (revenue +8.4% year-over-year).
- 2022: Revenue of $26.8M, expenses of $29.3M, and assets of $23.5M (revenue -5.1% year-over-year).
- 2021: Revenue of $28.2M, expenses of $33.6M, and assets of $27.9M (revenue -7.9% year-over-year).
- 2020: Revenue of $30.6M, expenses of $32.1M, and assets of $30.6M (revenue -9.3% year-over-year).
- 2019: Revenue of $33.8M, expenses of $33.2M, and assets of $30.8M (revenue -13.7% year-over-year).
- 2018: Revenue of $39.1M, expenses of $40.5M, and assets of $29.9M (revenue -7.2% year-over-year).
- 2017: Revenue of $42.2M, expenses of $51.0M, and assets of $35.5M (revenue +64.3% year-over-year).
- 2016: Revenue of $25.7M, expenses of $28.1M, and assets of $38.9M (revenue +5.1% year-over-year).
- 2015: Revenue of $24.4M, expenses of $25.0M, and assets of $40.0M (revenue +10.4% year-over-year).
- 2014: Revenue of $22.1M, expenses of $19.8M, and assets of $39.2M (revenue +7.5% year-over-year).
- 2013: Revenue of $20.6M, expenses of $19.3M, and assets of $35.7M (revenue -5.9% year-over-year).
- 2012: Revenue of $21.9M, expenses of $19.1M, and assets of $30.5M (revenue -13.3% year-over-year).
- 2011: Revenue of $25.2M, expenses of $18.0M, and assets of $27.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metal Lathers Trust Fund 46:
Data Sources and Methodology
This transparency report for Metal Lathers Trust Fund 46 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.