New York Laborers Health And Safety Trust
New York Laborers Health And Safety Trust: Transparent and Fiscally Responsible
EIN: 223110941 · Albany, NY · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $4.1M |
| Program Spending | 55% |
| CEO/Top Officer Pay | $0, |
| Net Assets | $10.5M |
| Transparency Score | 87/100 |
Is New York Laborers Health And Safety Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Laborers Health And Safety Trust directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New York Laborers Health And Safety Trust
New York Laborers Health And Safety Trust (EIN: 223110941) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $4.1M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Laborers Health And Safety Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Laborers Health And 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 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$311K |
| Total Assets | $11.1M |
| Total Liabilities | $554K |
| Net Assets | $10.5M |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2023, New York Laborers Health And Safety Trust reported a surplus of $311K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Laborers Health And Safety Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +27.6% | +13.4% |
| 2022 | +3.0% | +14.7% | -9.7% |
| 2021 | +37.6% | +14.1% | +21.7% |
| 2020 | +9.5% | -6.0% | +13.4% |
| 2019 | +13.6% | +43.5% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 York Laborers Health And Safety Trust with a Mission Score of 87 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: 35%
- programs: 55%
- fundraising: 10%
According to IRS 990 filings, New York Laborers Health And Safety Trust allocates its expenses as follows: admin: 35%, programs: 55%, fundraising: 10%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $311K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
Executive compensation is assessed at $0, indicating no high-level salaries or bonuses.
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 New York Laborers Health And Safety Trust's IRS 990 filings:
- The trust has no reported fundraising costs, suggesting a strong reliance on grants or endowments.
- Administrative costs are relatively high, at 35% of total expenses, which may indicate room for operational efficiency improvements.
- Program expenses are substantial, at 55% of total expenses, indicating a strong focus on health and safety initiatives.
Strengths
The following positive indicators were identified for New York Laborers Health And Safety Trust:
- The trust has a clear focus on health and safety, with significant program expenses.
Frequently Asked Questions about New York Laborers Health And Safety Trust
Is New York Laborers Health And Safety Trust a legitimate charity?
New York Laborers Health And Safety Trust (EIN: 223110941) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does New York Laborers Health And Safety Trust spend its money?
New York Laborers Health And Safety Trust directs 55% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to New York Laborers Health And Safety Trust tax-deductible?
New York Laborers Health And Safety Trust is registered as a tax-exempt nonprofit (EIN: 223110941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Laborers Health And Safety Trust CEO make?
New York Laborers Health And Safety Trust's highest-compensated officer earns $0, annually. The organization reported $4.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Laborers Health And Safety Trust's spending goes to programs?
New York Laborers Health And Safety Trust directs 55% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New York Laborers Health And Safety Trust located?
New York Laborers Health And Safety Trust is headquartered in Albany, New York and files with the IRS under EIN 223110941.
How many years of IRS 990 filings does New York Laborers Health And Safety Trust have?
New York Laborers Health And 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 $4.1M in total revenue.
What does New York Laborers Health And Safety Trust do?
New York Laborers Health And Safety Trust is a nonprofit organization in the Unknown sector, located in Albany, New York. It is classified under NTEE code Unknown.
How much revenue does New York Laborers Health And Safety Trust have?
New York Laborers Health And Safety Trust reported total revenue of $4,110,419. Based on 13 IRS 990 filings on record.
What are New York Laborers Health And Safety Trust's total assets?
New York Laborers Health And Safety Trust holds total assets of $11,718,272 as reported in IRS 990 filings.
Where is New York Laborers Health And Safety Trust located?
New York Laborers Health And Safety Trust is based in Albany, New York.
What is New York Laborers Health And Safety Trust's EIN?
New York Laborers Health And Safety Trust's Employer Identification Number (EIN) is 223110941. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New York Laborers Health And Safety Trust?
New York Laborers Health And Safety Trust is classified under NTEE code Unknown (Unknown).
Is New York Laborers Health And Safety Trust a registered 501(c)(3)?
New York Laborers Health And Safety Trust appears in IRS records (EIN: 223110941). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New York Laborers Health And Safety Trust file IRS Form 990?
Yes, New York Laborers Health And Safety Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New York Laborers Health And Safety Trust's revenue in 2023?
In the 202312 filing period, New York Laborers Health And Safety Trust reported total revenue of $4,373,898, total expenses of $4,062,613, and net assets of $11,088,947.
Is New York Laborers Health And Safety Trust's revenue growing or declining?
New York Laborers Health And Safety Trust's revenue is growing. Revenue went from $3,771,733 (202212) to $4,373,898 (202312), a +16.0% change. Based on 13 filings on record.
What is New York Laborers Health And Safety Trust's most recent 990 filing?
The most recent IRS Form 990 filing for New York Laborers Health And Safety Trust covers tax period 202312. It shows revenue of $4,373,898, expenses of $4,062,613, total assets of $11,088,947, and liabilities of $554,357.
How much does New York Laborers Health And Safety Trust spend on programs vs administration?
Based on IRS 990 analysis, New York Laborers Health And Safety Trust allocates approximately 55% of expenses to program services, 35% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New York Laborers Health And Safety Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, New York Laborers Health And Safety Trust appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for New York Laborers Health And Safety Trust?
The following concerns were identified: The trust has no reported fundraising costs, suggesting a strong reliance on grants or endowments.. Administrative costs are relatively high, at 35% of total expenses, which may indicate room for operational efficiency improvements.. Program expenses are substantial, at 55% of total expenses, indicating a strong focus on health and safety initiatives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New York Laborers Health And Safety Trust's strengths?
Positive indicators for New York Laborers Health And Safety Trust include: The trust has a clear focus on health and safety, with significant program expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does New York Laborers Health And Safety Trust compensate executives?
Executive compensation is assessed at $0, indicating no high-level salaries or bonuses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New York Laborers Health And Safety Trust?
1. Detailed program expenses are listed, including $4,110,419 for health and safety programs in 2023. 2. Administrative costs are transparent, with $11,718,272 in 2023. 3. Fundraising expenses are minimal, at $202,389 in 2023. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the primary focus of the New York Laborers Health and Safety Trust?
The trust primarily focuses on health and safety programs, with 55% of its expenses dedicated to these initiatives.
Are there any fundraising activities or costs associated with the trust?
No, the trust has no reported fundraising costs, indicating a reliance on grants or endowments.
How does the trust manage its administrative costs?
Administrative costs account for 35% of total expenses, which is a significant portion and may indicate areas for potential cost reduction.
Filing History
IRS 990 filing history for New York Laborers Health And Safety Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Laborers Health And Safety Trust's revenue has grown by 130.7%, moving from $1.9M to $4.4M. Total assets increased by 158.2% over the same period, from $4.3M to $11.1M. Total functional expenses rose by 109.9%, from $1.9M to $4.1M. In its most recent filing year (2023), New York Laborers Health And Safety Trust reported a surplus of $311K, with revenue exceeding expenses. The organization holds $554K in liabilities against $11.1M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.1M | $11.1M | $554K | — | View 990 |
| 2022 | $3.8M | $3.2M | $9.8M | $323K | — | View 990 |
| 2021 | $3.7M | $2.8M | $10.8M | $236K | — | View 990 |
| 2020 | $2.7M | $2.4M | $8.9M | $186K | — | — |
| 2019 | $2.4M | $2.6M | $7.8M | $236K | — | View 990 |
| 2018 | $2.1M | $1.8M | $6.9M | $197K | — | View 990 |
| 2017 | $2.0M | $1.6M | $7.1M | $409K | — | View 990 |
| 2016 | $2.0M | $1.7M | $6.1M | $431K | — | View 990 |
| 2015 | $1.9M | $1.8M | $5.4M | $351K | — | View 990 |
| 2014 | $1.8M | $1.9M | $5.4M | $357K | — | View 990 |
| 2013 | $1.9M | $1.9M | $5.1M | $358K | — | View 990 |
| 2012 | $1.8M | $1.9M | $4.6M | $313K | — | View 990 |
| 2011 | $1.9M | $1.9M | $4.3M | $314K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.1M, and assets of $11.1M (revenue +16.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.2M, and assets of $9.8M (revenue +3.0% year-over-year).
- 2021: Revenue of $3.7M, expenses of $2.8M, and assets of $10.8M (revenue +37.6% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.4M, and assets of $8.9M (revenue +9.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.6M, and assets of $7.8M (revenue +13.6% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.8M, and assets of $6.9M (revenue +6.7% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.6M, and assets of $7.1M (revenue -0.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.7M, and assets of $6.1M (revenue +5.9% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $5.4M (revenue +6.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $5.4M (revenue -2.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $5.1M (revenue +2.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $4.6M (revenue -4.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Laborers Health And Safety Trust:
Data Sources and Methodology
This transparency report for New York Laborers Health And 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.