Nysa Ila Welfare Fund
Nysa Ila Welfare Fund maintains stable multi-million dollar operations with consistent asset growth and no reported officer compensation.
EIN: 135638505 · Jersey City, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.6M |
| Total Expenses | $17.2M |
| Program Spending | 85% |
| Net Assets | $8.0M |
| Transparency Score | 75/100 |
Is Nysa Ila Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nysa Ila Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysa Ila Welfare Fund
Nysa Ila Welfare Fund (EIN: 135638505) is a nonprofit organization based in Jersey City, NJ. The organization reported total revenue of $18.6M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nysa Ila Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nysa Ila Welfare Fund is a large nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.6M |
| Total Expenses | $17.2M |
| Surplus / Deficit | +$327K |
| Total Assets | $11.5M |
| Total Liabilities | $3.6M |
| Net Assets | $8.0M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 30.9% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Nysa Ila Welfare Fund reported a surplus of $327K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nysa Ila Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | -1.0% | +6.7% |
| 2022 | +28.4% | +7.7% | +43.7% |
| 2021 | -9.6% | +12.7% | +4.6% |
| 2020 | +24.8% | -2.8% | +72.9% |
| 2019 | +15.5% | +5.5% | -13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Nysa Ila Welfare Fund 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, Nysa Ila Welfare Fund 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 $327K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.9%.
Executive Compensation Analysis
Nysa Ila Welfare Fund consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is managed through an unstated mechanism, which warrants further inquiry.
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 Nysa Ila Welfare Fund's IRS 990 filings:
- NTEE Code is unknown, hindering classification and comparative analysis.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
- Consistent 0% officer compensation could indicate a lack of transparency if compensation is paid by a related entity.
Strengths
The following positive indicators were identified for Nysa Ila Welfare Fund:
- Consistent revenue generation, averaging over $15 million annually in recent years.
- Healthy asset growth, increasing from $4.1 million in 2019 to $11.5 million in 2023.
- Positive net income in most recent years (e.g., $17.5M revenue vs. $17.2M expenses in 2023), contributing to financial stability.
- Strong asset-to-liability ratio, indicating good financial health and ability to cover obligations.
Frequently Asked Questions about Nysa Ila Welfare Fund
Is Nysa Ila Welfare Fund a legitimate charity?
Nysa Ila Welfare Fund (EIN: 135638505) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.6M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Nysa Ila Welfare Fund spend its money?
Nysa Ila Welfare Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nysa Ila Welfare Fund tax-deductible?
Nysa Ila Welfare Fund is registered as a tax-exempt nonprofit (EIN: 135638505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nysa Ila Welfare Fund's spending goes to programs?
Nysa Ila Welfare Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nysa Ila Welfare Fund located?
Nysa Ila Welfare Fund is headquartered in Jersey City, New Jersey and files with the IRS under EIN 135638505.
How many years of IRS 990 filings does Nysa Ila Welfare Fund have?
Nysa Ila Welfare Fund 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 $18.6M in total revenue.
How does Nysa Ila Welfare Fund achieve zero officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, or that compensation is paid by a related entity not directly reported on this 990, or that the officers are compensated in non-monetary ways not captured in this field. Further investigation into their operational structure would be needed.
What are the specific programs Nysa Ila Welfare Fund supports?
The provided data does not detail the specific programs or services offered by Nysa Ila Welfare Fund. To understand their mission impact, one would need to review the full IRS 990 forms, particularly Part III (Statement of Program Service Accomplishments), or visit their official website.
What is the NTEE Code for Nysa Ila Welfare Fund?
The NTEE Code for Nysa Ila Welfare Fund is listed as 'Unknown' in the provided data. This code helps classify the organization's primary purpose, and its absence makes it harder to benchmark against similar nonprofits.
How does Nysa Ila Welfare Fund manage its liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. For example, in 2023, liabilities were $3,563,892 against assets of $11,537,085, indicating a healthy asset-to-liability ratio. This suggests responsible financial management of its obligations.
Filing History
IRS 990 filing history for Nysa Ila Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nysa Ila Welfare Fund's revenue has declined by 72.9%, moving from $65.0M to $17.6M. Total assets decreased by 64.8% over the same period, from $32.8M to $11.5M. Total functional expenses fell by 73.4%, from $64.9M to $17.2M. In its most recent filing year (2023), Nysa Ila Welfare Fund reported a surplus of $327K, with revenue exceeding expenses. The organization holds $3.6M in liabilities against $11.5M in assets (debt-to-asset ratio: 30.9%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.6M | $17.2M | $11.5M | $3.6M | — | — |
| 2022 | $20.2M | $17.4M | $10.8M | $3.2M | — | View 990 |
| 2021 | $15.8M | $16.2M | $7.5M | $2.7M | — | View 990 |
| 2020 | $17.4M | $14.4M | $7.2M | $1.9M | — | View 990 |
| 2019 | $14.0M | $14.8M | $4.2M | $2.0M | — | View 990 |
| 2018 | $12.1M | $14.0M | $4.8M | $1.8M | — | View 990 |
| 2017 | $15.6M | $15.1M | $6.7M | $1.7M | — | — |
| 2016 | $11.7M | $16.0M | $8.7M | $4.3M | — | View 990 |
| 2015 | $3.3M | $14.8M | $13.0M | $4.3M | — | View 990 |
| 2014 | $15.1M | $15.0M | $24.5M | $4.3M | — | View 990 |
| 2013 | $63.9M | $63.9M | $31.7M | $11.5M | — | View 990 |
| 2012 | $63.6M | $63.5M | $30.9M | $10.8M | — | View 990 |
| 2011 | $65.0M | $64.9M | $32.8M | $12.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.6M, expenses of $17.2M, and assets of $11.5M (revenue -13.1% year-over-year).
- 2022: Revenue of $20.2M, expenses of $17.4M, and assets of $10.8M (revenue +28.4% year-over-year).
- 2021: Revenue of $15.8M, expenses of $16.2M, and assets of $7.5M (revenue -9.6% year-over-year).
- 2020: Revenue of $17.4M, expenses of $14.4M, and assets of $7.2M (revenue +24.8% year-over-year).
- 2019: Revenue of $14.0M, expenses of $14.8M, and assets of $4.2M (revenue +15.5% year-over-year).
- 2018: Revenue of $12.1M, expenses of $14.0M, and assets of $4.8M (revenue -22.4% year-over-year).
- 2017: Revenue of $15.6M, expenses of $15.1M, and assets of $6.7M (revenue +33.3% year-over-year).
- 2016: Revenue of $11.7M, expenses of $16.0M, and assets of $8.7M (revenue +254.1% year-over-year).
- 2015: Revenue of $3.3M, expenses of $14.8M, and assets of $13.0M (revenue -78.1% year-over-year).
- 2014: Revenue of $15.1M, expenses of $15.0M, and assets of $24.5M (revenue -76.4% year-over-year).
- 2013: Revenue of $63.9M, expenses of $63.9M, and assets of $31.7M (revenue +0.5% year-over-year).
- 2012: Revenue of $63.6M, expenses of $63.5M, and assets of $30.9M (revenue -2.1% year-over-year).
- 2011: Revenue of $65.0M, expenses of $64.9M, and assets of $32.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nysa Ila Welfare Fund:
Data Sources and Methodology
This transparency report for Nysa Ila 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.