New Jersey Laborers Health & Safety Trust
New Jersey Laborers Health & Safety Trust: Consistent Operations, Modest Growth
EIN: 223061467 · East Brunswick, NJ · NTEE: J40 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $879K |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 75/100 |
Is New Jersey Laborers Health & Safety Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Laborers Health & Safety Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Laborers Health & Safety Trust
New Jersey Laborers Health & Safety Trust (EIN: 223061467) is a nonprofit organization based in East Brunswick, NJ, classified under NTEE code J40. The organization reported total revenue of $2.2M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Laborers Health & Safety Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Laborers Health & Safety Trust is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $821K |
| Total Expenses | $879K |
| Surplus / Deficit | $-57,832 |
| Total Assets | $3.0M |
| Total Liabilities | $196K |
| Net Assets | $2.8M |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 41.2 months |
Financial Health Grade: B
In 2023, New Jersey Laborers Health & Safety Trust reported a deficit of $58K with expenses exceeding revenue, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Laborers Health & Safety Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +1.9% | +6.4% |
| 2022 | -0.5% | +38.0% | -9.7% |
| 2021 | -8.3% | -22.7% | +4.8% |
| 2020 | -5.7% | -3.8% | +4.1% |
| 2019 | +7.2% | +0.4% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 New Jersey Laborers Health & Safety Trust 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, New Jersey Laborers Health & Safety Trust 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 $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal, covered under general administrative expenses, or not reported as individual compensation exceeding typical thresholds.
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 New Jersey Laborers Health & Safety Trust:
- Consistent revenue generation, averaging around $750,000 - $870,000 annually over the past several years.
- Healthy asset base, consistently above $2.6 million, indicating financial stability.
- Low liabilities relative to assets, with liabilities generally under $200,000.
- Stable operational expenses, suggesting efficient management of resources.
Frequently Asked Questions about New Jersey Laborers Health & Safety Trust
Is New Jersey Laborers Health & Safety Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Laborers Health & Safety Trust (EIN: 223061467) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does New Jersey Laborers Health & Safety Trust spend its money?
New Jersey Laborers Health & Safety Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Jersey Laborers Health & Safety Trust tax-deductible?
New Jersey Laborers Health & Safety Trust is registered as a tax-exempt nonprofit (EIN: 223061467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Laborers Health & Safety Trust's spending goes to programs?
New Jersey Laborers Health & Safety Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Jersey Laborers Health & Safety Trust compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Jersey Laborers Health & Safety Trust is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Jersey Laborers Health & Safety Trust located?
New Jersey Laborers Health & Safety Trust is headquartered in East Brunswick, New Jersey and files with the IRS under EIN 223061467. It is classified under NTEE code J40.
How many years of IRS 990 filings does New Jersey Laborers Health & Safety Trust have?
New Jersey Laborers Health & Safety Trust 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 $2.2M in total revenue.
What does New Jersey Laborers Health & Safety Trust do?
New Jersey Laborers Health & Safety Trust is a nonprofit organization in the Employment sector, located in East Brunswick, New Jersey. It is classified under NTEE code J40.
How much revenue does New Jersey Laborers Health & Safety Trust have?
New Jersey Laborers Health & Safety Trust reported total revenue of $2,188,442. Based on 13 IRS 990 filings on record.
What are New Jersey Laborers Health & Safety Trust's total assets?
New Jersey Laborers Health & Safety Trust holds total assets of $3,549,305 as reported in IRS 990 filings.
Where is New Jersey Laborers Health & Safety Trust located?
New Jersey Laborers Health & Safety Trust is based in East Brunswick, New Jersey.
What is New Jersey Laborers Health & Safety Trust's EIN?
New Jersey Laborers Health & Safety Trust's Employer Identification Number (EIN) is 223061467. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Laborers Health & Safety Trust?
New Jersey Laborers Health & Safety Trust is classified under NTEE code J40 (Employment).
Is New Jersey Laborers Health & Safety Trust a registered 501(c)(3)?
Yes, New Jersey Laborers Health & Safety Trust is recognized as a tax-exempt organization by the IRS. EIN: 223061467.
Does New Jersey Laborers Health & Safety Trust file IRS Form 990?
Yes, New Jersey Laborers Health & Safety Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Laborers Health & Safety Trust's revenue in 2023?
In the 202312 filing period, New Jersey Laborers Health & Safety Trust reported total revenue of $820,925, total expenses of $878,757, and net assets of $3,016,948.
Is New Jersey Laborers Health & Safety Trust's revenue growing or declining?
New Jersey Laborers Health & Safety Trust's revenue is growing. Revenue went from $750,038 (202212) to $820,925 (202312), a +9.5% change. Based on 13 filings on record.
What is New Jersey Laborers Health & Safety Trust's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Laborers Health & Safety Trust covers tax period 202312. It shows revenue of $820,925, expenses of $878,757, total assets of $3,016,948, and liabilities of $196,163.
How much does New Jersey Laborers Health & Safety Trust spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Laborers Health & Safety Trust allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Laborers Health & Safety Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Laborers Health & Safety Trust appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are New Jersey Laborers Health & Safety Trust's strengths?
Positive indicators for New Jersey Laborers Health & Safety Trust include: Consistent revenue generation, averaging around $750,000 - $870,000 annually over the past several years.. Healthy asset base, consistently above $2.6 million, indicating financial stability.. Low liabilities relative to assets, with liabilities generally under $200,000.. Stable operational expenses, suggesting efficient management of resources.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Laborers Health & Safety Trust compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal, covered under general administrative expenses, or not reported as individual compensation exceeding typical thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset levels, what specific programs or initiatives does the trust fund to achieve its health and safety mission?
The provided data indicates consistent financial activity but lacks specific program details. Further investigation into their Form 990, Part III (Statement of Program Service Accomplishments) would be necessary to identify specific health and safety programs, training initiatives, or services provided to laborers.
How does the trust ensure its health and safety training remains relevant and impactful amidst evolving industry standards and regulations?
Without direct program descriptions, it's challenging to assess. A deeper dive into their annual reports or website would likely reveal information on curriculum updates, instructor certifications, and partnerships with regulatory bodies to ensure training relevance and effectiveness.
Filing History
IRS 990 filing history for New Jersey Laborers Health & Safety Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Laborers Health & Safety Trust's revenue has grown by 34%, moving from $613K to $821K. Total assets increased by 26% over the same period, from $2.4M to $3.0M. Total functional expenses rose by 38.7%, from $633K to $879K. In its most recent filing year (2023), New Jersey Laborers Health & Safety Trust reported a deficit of $58K, with expenses exceeding revenue. The organization holds $196K in liabilities against $3.0M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $821K | $879K | $3.0M | $196K | — | View 990 |
| 2022 | $750K | $862K | $2.8M | $90K | — | — |
| 2021 | $754K | $625K | $3.1M | $60K | — | View 990 |
| 2020 | $822K | $808K | $3.0M | $101K | — | — |
| 2019 | $872K | $840K | $2.9M | $107K | — | View 990 |
| 2018 | $813K | $837K | $2.7M | $114K | — | View 990 |
| 2017 | $792K | $676K | $2.8M | $94K | — | — |
| 2016 | $751K | $683K | $2.6M | $137K | — | View 990 |
| 2015 | $787K | $690K | $2.6M | $156K | — | View 990 |
| 2014 | $690K | $650K | $2.5M | $146K | — | View 990 |
| 2013 | $686K | $626K | $2.5M | $137K | — | View 990 |
| 2012 | $625K | $636K | $2.4M | $134K | — | View 990 |
| 2011 | $613K | $633K | $2.4M | $129K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $821K, expenses of $879K, and assets of $3.0M (revenue +9.5% year-over-year).
- 2022: Revenue of $750K, expenses of $862K, and assets of $2.8M (revenue -0.5% year-over-year).
- 2021: Revenue of $754K, expenses of $625K, and assets of $3.1M (revenue -8.3% year-over-year).
- 2020: Revenue of $822K, expenses of $808K, and assets of $3.0M (revenue -5.7% year-over-year).
- 2019: Revenue of $872K, expenses of $840K, and assets of $2.9M (revenue +7.2% year-over-year).
- 2018: Revenue of $813K, expenses of $837K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2017: Revenue of $792K, expenses of $676K, and assets of $2.8M (revenue +5.4% year-over-year).
- 2016: Revenue of $751K, expenses of $683K, and assets of $2.6M (revenue -4.5% year-over-year).
- 2015: Revenue of $787K, expenses of $690K, and assets of $2.6M (revenue +14.0% year-over-year).
- 2014: Revenue of $690K, expenses of $650K, and assets of $2.5M (revenue +0.7% year-over-year).
- 2013: Revenue of $686K, expenses of $626K, and assets of $2.5M (revenue +9.6% year-over-year).
- 2012: Revenue of $625K, expenses of $636K, and assets of $2.4M (revenue +2.1% year-over-year).
- 2011: Revenue of $613K, expenses of $633K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Laborers Health & Safety Trust:
Data Sources and Methodology
This transparency report for New Jersey Laborers Health & Safety Trust 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.