New York State Laborers Employers Cooperation And Education Tr
NY State Laborers Fund Shows Strong Asset Growth, Consistent Program Spending
EIN: 223060487 · Albany, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $5.0M |
| Program Spending | 75% |
| Net Assets | $25.0M |
| Transparency Score | 85/100 |
Is New York State Laborers Employers Cooperation And Education Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York State Laborers Employers Cooperation And Education Tr directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York State Laborers Employers Cooperation And Education Tr
New York State Laborers Employers Cooperation And Education Tr (EIN: 223060487) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $7.1M and total assets of $28.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York State Laborers Employers Cooperation And Education Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York State Laborers Employers Cooperation And Education Tr 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 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $25.9M |
| Total Liabilities | $916K |
| Net Assets | $25.0M |
| Operating Margin | 24.4% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 62.6 months |
Financial Health Grade: A
In 2023, New York State Laborers Employers Cooperation And Education Tr reported a surplus of $1.6M with revenue exceeding expenses, holds 62.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York State Laborers Employers Cooperation And Education Tr's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | +8.8% | +18.4% |
| 2022 | +2.3% | +20.3% | -10.1% |
| 2021 | +23.8% | +15.9% | +20.0% |
| 2020 | -35.4% | -48.1% | +17.7% |
| 2019 | +10.2% | +7.5% | +20.2% |
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 York State Laborers Employers Cooperation And Education Tr 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New York State Laborers Employers Cooperation And Education Tr allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment.
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 York State Laborers Employers Cooperation And Education Tr:
- Consistent revenue generation and asset growth over the past seven years.
- Low liability-to-asset ratio, indicating strong financial health.
- Consistent program spending, suggesting a stable commitment to its mission.
Frequently Asked Questions about New York State Laborers Employers Cooperation And Education Tr
Is New York State Laborers Employers Cooperation And Education Tr a legitimate charity?
New York State Laborers Employers Cooperation And Education Tr (EIN: 223060487) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.1M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does New York State Laborers Employers Cooperation And Education Tr spend its money?
New York State Laborers Employers Cooperation And Education Tr directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New York State Laborers Employers Cooperation And Education Tr tax-deductible?
New York State Laborers Employers Cooperation And Education Tr is registered as a tax-exempt nonprofit (EIN: 223060487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York State Laborers Employers Cooperation And Education Tr's spending goes to programs?
New York State Laborers Employers Cooperation And Education Tr directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York State Laborers Employers Cooperation And Education Tr located?
New York State Laborers Employers Cooperation And Education Tr is headquartered in Albany, New York and files with the IRS under EIN 223060487.
How many years of IRS 990 filings does New York State Laborers Employers Cooperation And Education Tr have?
New York State Laborers Employers Cooperation And Education Tr 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 $7.1M in total revenue.
What does New York State Laborers Employers Cooperation And Education Tr do?
New York State Laborers Employers Cooperation And Education Tr 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 State Laborers Employers Cooperation And Education Tr have?
New York State Laborers Employers Cooperation And Education Tr reported total revenue of $7,072,402. Based on 13 IRS 990 filings on record.
What are New York State Laborers Employers Cooperation And Education Tr's total assets?
New York State Laborers Employers Cooperation And Education Tr holds total assets of $28,633,210 as reported in IRS 990 filings.
Where is New York State Laborers Employers Cooperation And Education Tr located?
New York State Laborers Employers Cooperation And Education Tr is based in Albany, New York.
What is New York State Laborers Employers Cooperation And Education Tr's EIN?
New York State Laborers Employers Cooperation And Education Tr's Employer Identification Number (EIN) is 223060487. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New York State Laborers Employers Cooperation And Education Tr?
New York State Laborers Employers Cooperation And Education Tr is classified under NTEE code Unknown (Unknown).
Is New York State Laborers Employers Cooperation And Education Tr a registered 501(c)(3)?
New York State Laborers Employers Cooperation And Education Tr appears in IRS records (EIN: 223060487). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New York State Laborers Employers Cooperation And Education Tr file IRS Form 990?
Yes, New York State Laborers Employers Cooperation And Education Tr has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New York State Laborers Employers Cooperation And Education Tr's revenue in 2023?
In the 202312 filing period, New York State Laborers Employers Cooperation And Education Tr reported total revenue of $6,560,858, total expenses of $4,963,276, and net assets of $25,881,775.
Is New York State Laborers Employers Cooperation And Education Tr's revenue growing or declining?
New York State Laborers Employers Cooperation And Education Tr's revenue is growing. Revenue went from $5,802,081 (202212) to $6,560,858 (202312), a +13.1% change. Based on 13 filings on record.
What is New York State Laborers Employers Cooperation And Education Tr's most recent 990 filing?
The most recent IRS Form 990 filing for New York State Laborers Employers Cooperation And Education Tr covers tax period 202312. It shows revenue of $6,560,858, expenses of $4,963,276, total assets of $25,881,775, and liabilities of $916,404.
How much does New York State Laborers Employers Cooperation And Education Tr spend on programs vs administration?
Based on IRS 990 analysis, New York State Laborers Employers Cooperation And Education Tr allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New York State Laborers Employers Cooperation And Education Tr a trustworthy charity?
Based on AI analysis of IRS 990 data, New York State Laborers Employers Cooperation And Education Tr appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are New York State Laborers Employers Cooperation And Education Tr's strengths?
Positive indicators for New York State Laborers Employers Cooperation And Education Tr include: Consistent revenue generation and asset growth over the past seven years.. Low liability-to-asset ratio, indicating strong financial health.. Consistent program spending, suggesting a stable commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does New York State Laborers Employers Cooperation And Education Tr compensate executives?
Executive compensation details are not explicitly provided in the summarized data, preventing a specific assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization's consistent 0% lobbying expenditure align with its 'Cooperation And Education' mission?
The 0% lobbying expenditure suggests that the organization focuses its efforts on education and cooperation through non-lobbying activities, potentially through training programs, member services, or direct educational initiatives rather than legislative advocacy.
What factors contribute to the significant increase in assets from $12.1M in 2016 to $28.6M in 2023, and how are these assets being utilized?
The asset growth is likely driven by consistent revenue exceeding expenses and potentially investment returns. Without more detailed financial statements, the specific utilization beyond general operational support and program funding is unclear, but it indicates strong financial reserves.
Filing History
IRS 990 filing history for New York State Laborers Employers Cooperation And Education Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York State Laborers Employers Cooperation And Education Tr's revenue has grown by 117.7%, moving from $3.0M to $6.6M. Total assets increased by 215.7% over the same period, from $8.2M to $25.9M. Total functional expenses rose by 57.7%, from $3.1M to $5.0M. In its most recent filing year (2023), New York State Laborers Employers Cooperation And Education Tr reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $916K in liabilities against $25.9M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $25.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $5.0M | $25.9M | $916K | — | View 990 |
| 2022 | $5.8M | $4.6M | $21.9M | $547K | — | View 990 |
| 2021 | $5.7M | $3.8M | $24.3M | $474K | — | — |
| 2020 | $4.6M | $3.3M | $20.3M | $328K | — | — |
| 2019 | $7.1M | $6.3M | $17.2M | $351K | — | View 990 |
| 2018 | $6.4M | $5.9M | $14.3M | $424K | — | View 990 |
| 2017 | $4.0M | $3.2M | $14.3M | $264K | — | View 990 |
| 2016 | $4.0M | $3.4M | $12.1M | $207K | — | View 990 |
| 2015 | $3.7M | $3.2M | $11.0M | $238K | — | View 990 |
| 2014 | $3.4M | $3.5M | $10.9M | $365K | — | View 990 |
| 2013 | $3.6M | $3.4M | $10.1M | $224K | — | View 990 |
| 2012 | $3.3M | $3.2M | $8.9M | $178K | — | View 990 |
| 2011 | $3.0M | $3.1M | $8.2M | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $5.0M, and assets of $25.9M (revenue +13.1% year-over-year).
- 2022: Revenue of $5.8M, expenses of $4.6M, and assets of $21.9M (revenue +2.3% year-over-year).
- 2021: Revenue of $5.7M, expenses of $3.8M, and assets of $24.3M (revenue +23.8% year-over-year).
- 2020: Revenue of $4.6M, expenses of $3.3M, and assets of $20.3M (revenue -35.4% year-over-year).
- 2019: Revenue of $7.1M, expenses of $6.3M, and assets of $17.2M (revenue +10.2% year-over-year).
- 2018: Revenue of $6.4M, expenses of $5.9M, and assets of $14.3M (revenue +60.4% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.2M, and assets of $14.3M (revenue +1.2% year-over-year).
- 2016: Revenue of $4.0M, expenses of $3.4M, and assets of $12.1M (revenue +8.3% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.2M, and assets of $11.0M (revenue +7.6% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.5M, and assets of $10.9M (revenue -4.1% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.4M, and assets of $10.1M (revenue +8.9% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.2M, and assets of $8.9M (revenue +8.3% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.1M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York State Laborers Employers Cooperation And Education Tr:
Data Sources and Methodology
This transparency report for New York State Laborers Employers Cooperation And Education Tr 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.