Painters District Council No 4 S U B Fund
Painters District Council No 4 S U B Fund consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 166070541 · Cheektowaga, NY · Updated: 2026-03-28
Is Painters District Council No 4 S U B Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Painters District Council No 4 S U B Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Painters District Council No 4 S U B Fund
Painters District Council No 4 S U B Fund (EIN: 166070541) is a nonprofit organization based in Cheektowaga, NY. The organization reported total revenue of $19.3M and total assets of $36.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Painters District Council No 4 S U B Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Painters District Council No 4 S U B Fund is a large nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.1M |
| Total Expenses | $16.2M |
| Surplus / Deficit | +$888K |
| Total Assets | $33.0M |
| Total Liabilities | $2.0M |
| Net Assets | $31.1M |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2023, Painters District Council No 4 S U B Fund reported a surplus of $888K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Painters District Council No 4 S U B Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | +14.5% | -2.1% |
| 2022 | -7.6% | +0.5% | +1.3% |
| 2021 | +8.0% | +8.3% | +22.5% |
| 2020 | -4.5% | -12.1% | +12.7% |
| 2019 | -7.2% | -1.6% | +5.7% |
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 Painters District Council No 4 S U B Fund 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Painters District Council No 4 S U B Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $888K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based, compensated through other means not categorized as officer compensation on the 990, or that the organization's structure does not include traditional compensated officers.
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 Painters District Council No 4 S U B Fund's IRS 990 filings:
- Lack of detailed functional expense breakdown on publicly available 990 summaries, making it difficult to fully assess program vs. overhead spending.
- Consistent 0% officer compensation, which, while potentially efficient, lacks transparency regarding how executive leadership is structured or compensated if not directly through officer salaries.
Strengths
The following positive indicators were identified for Painters District Council No 4 S U B Fund:
- Consistent financial surpluses, with revenues exceeding expenses in all reported periods (e.g., $17,072,135 revenue vs. $16,184,172 expenses in 2023).
- Strong and steady asset growth, increasing from $18.5 million in 2014 to $33 million in 2023, indicating financial stability.
- Relatively low liabilities compared to assets, suggesting a healthy balance sheet.
- Consistent filing of IRS 990s, demonstrating a commitment to regulatory transparency.
Frequently Asked Questions about Painters District Council No 4 S U B Fund
Is Painters District Council No 4 S U B Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Painters District Council No 4 S U B Fund (EIN: 166070541) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Painters District Council No 4 S U B Fund spend its money?
Painters District Council No 4 S U B Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Painters District Council No 4 S U B Fund tax-deductible?
Painters District Council No 4 S U B Fund is registered as a tax-exempt nonprofit (EIN: 166070541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Painters District Council No 4 S U B Fund a good charity?
Based on the available financial data, the organization demonstrates strong financial health with consistent revenue, controlled expenses, and growing assets. The absence of reported officer compensation is unusual but could indicate high efficiency or a unique operational structure. Without a detailed functional expense breakdown, it's difficult to definitively assess program efficiency, but overall financial management appears sound.
How does the organization manage to operate without officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the organization is run by volunteers, that executive functions are outsourced, or that compensation for individuals performing executive duties is reported under other expense categories (e.g., salaries and wages for non-officer staff, or professional fees) rather than specifically as officer compensation.
What is the primary purpose of the 'S U B Fund'?
While the NTEE code is unknown, 'S U B Fund' typically refers to a Supplemental Unemployment Benefit Fund. These funds are generally established to provide benefits to union members during periods of unemployment, supplementing state unemployment benefits. This suggests a direct benefit-oriented program for its members.
Filing History
IRS 990 filing history for Painters District Council No 4 S U B Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Painters District Council No 4 S U B Fund's revenue has grown by 28.9%, moving from $13.2M to $17.1M. Total assets increased by 147.2% over the same period, from $13.4M to $33.0M. Total functional expenses rose by 38.7%, from $11.7M to $16.2M. In its most recent filing year (2023), Painters District Council No 4 S U B Fund reported a surplus of $888K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $33.0M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $31.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.1M | $16.2M | $33.0M | $2.0M | — | View 990 |
| 2022 | $15.1M | $14.1M | $33.7M | $2.8M | — | View 990 |
| 2021 | $16.3M | $14.1M | $33.3M | $2.1M | — | — |
| 2020 | $15.1M | $13.0M | $27.2M | $994K | — | — |
| 2019 | $15.8M | $14.8M | $24.1M | $691K | — | View 990 |
| 2018 | $17.0M | $15.0M | $22.8M | $384K | — | View 990 |
| 2017 | $16.3M | $14.8M | $21.8M | $722K | — | View 990 |
| 2016 | $15.3M | $14.4M | $20.2M | $1.2M | — | View 990 |
| 2015 | $16.2M | $15.1M | $19.3M | $919K | — | View 990 |
| 2014 | $15.5M | $14.9M | $18.6M | $514K | — | View 990 |
| 2013 | $13.8M | $13.0M | $17.6M | $617K | — | View 990 |
| 2012 | $13.2M | $11.7M | $13.4M | $794K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.1M, expenses of $16.2M, and assets of $33.0M (revenue +13.3% year-over-year).
- 2022: Revenue of $15.1M, expenses of $14.1M, and assets of $33.7M (revenue -7.6% year-over-year).
- 2021: Revenue of $16.3M, expenses of $14.1M, and assets of $33.3M (revenue +8.0% year-over-year).
- 2020: Revenue of $15.1M, expenses of $13.0M, and assets of $27.2M (revenue -4.5% year-over-year).
- 2019: Revenue of $15.8M, expenses of $14.8M, and assets of $24.1M (revenue -7.2% year-over-year).
- 2018: Revenue of $17.0M, expenses of $15.0M, and assets of $22.8M (revenue +4.3% year-over-year).
- 2017: Revenue of $16.3M, expenses of $14.8M, and assets of $21.8M (revenue +6.8% year-over-year).
- 2016: Revenue of $15.3M, expenses of $14.4M, and assets of $20.2M (revenue -5.8% year-over-year).
- 2015: Revenue of $16.2M, expenses of $15.1M, and assets of $19.3M (revenue +4.8% year-over-year).
- 2014: Revenue of $15.5M, expenses of $14.9M, and assets of $18.6M (revenue +12.1% year-over-year).
- 2013: Revenue of $13.8M, expenses of $13.0M, and assets of $17.6M (revenue +4.3% year-over-year).
- 2012: Revenue of $13.2M, expenses of $11.7M, and assets of $13.4M.
Data Sources and Methodology
This transparency report for Painters District Council No 4 S U B 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.