Recycling And General Industrial Local 108 Welfare
Recycling And General Industrial Local 108 Welfare reports consistent high revenue and expenses, with zero officer compensation, but saw a significant increase in liabilities in 2023.
EIN: 135605495 · Iselin, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.8M |
| Total Expenses | $18.5M |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Recycling And General Industrial Local 108 Welfare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Recycling And General Industrial Local 108 Welfare directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Recycling And General Industrial Local 108 Welfare
Recycling And General Industrial Local 108 Welfare (EIN: 135605495) is a nonprofit organization based in Iselin, NJ. The organization reported total revenue of $16.8M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Recycling And General Industrial Local 108 Welfare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Recycling And General Industrial Local 108 Welfare is a large nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.8M |
| Total Expenses | $18.5M |
| Surplus / Deficit | $-1,764,472 |
| Total Assets | $4.0M |
| Total Liabilities | $1.7M |
| Net Assets | $2.2M |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 44.2% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Recycling And General Industrial Local 108 Welfare reported a deficit of $1.8M with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 44.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Recycling And General Industrial Local 108 Welfare's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +14.2% | -2.9% |
| 2022 | +9.5% | +7.3% | -5.9% |
| 2021 | -6.7% | -10.1% | -6.6% |
| 2020 | -8.5% | +5.9% | -26.9% |
| 2019 | +2.6% | -0.6% | +19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Recycling And General Industrial Local 108 Welfare 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Recycling And General Industrial Local 108 Welfare allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Recycling And General Industrial Local 108 Welfare's IRS 990 filings:
- Significant increase in liabilities from $104,391 in 2022 to $1,749,561 in 2023, warranting further investigation.
- Expenses exceeded revenue by $1,764,472 in 2023, leading to a net deficit for the year.
Strengths
The following positive indicators were identified for Recycling And General Industrial Local 108 Welfare:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Maintains a substantial revenue stream, consistently over $12 million annually for the past decade.
- Healthy asset base of $3,957,186, providing financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.
Frequently Asked Questions about Recycling And General Industrial Local 108 Welfare
Is Recycling And General Industrial Local 108 Welfare a legitimate charity?
Based on AI analysis of IRS 990 filings, Recycling And General Industrial Local 108 Welfare (EIN: 135605495) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Recycling And General Industrial Local 108 Welfare spend its money?
Recycling And General Industrial Local 108 Welfare directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Recycling And General Industrial Local 108 Welfare tax-deductible?
Recycling And General Industrial Local 108 Welfare is registered as a tax-exempt nonprofit (EIN: 135605495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Recycling And General Industrial Local 108 Welfare's spending goes to programs?
Recycling And General Industrial Local 108 Welfare directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Recycling And General Industrial Local 108 Welfare located?
Recycling And General Industrial Local 108 Welfare is headquartered in Iselin, New Jersey and files with the IRS under EIN 135605495.
How many years of IRS 990 filings does Recycling And General Industrial Local 108 Welfare have?
Recycling And General Industrial Local 108 Welfare 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 $16.8M in total revenue.
What caused the significant increase in liabilities from $104,391 in 2022 to $1,749,561 in 2023?
The IRS 990 data indicates a substantial jump in liabilities. Without access to the full Schedule D or other detailed financial statements, the specific reasons for this increase are unclear. It could be due to accrued benefits payable, short-term loans, or other operational obligations.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based, or that compensation for administrative roles is categorized differently within the expense structure, rather than as direct officer compensation. This is a strong indicator of efficiency.
What specific welfare benefits does Recycling And General Industrial Local 108 Welfare provide?
Based solely on the IRS 990 data, the specific welfare benefits are not detailed. The organization's name implies it provides welfare services to members of Local 108 in the recycling and general industrial sectors, likely including health, pension, or other member support programs.
Filing History
IRS 990 filing history for Recycling And General Industrial Local 108 Welfare showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Recycling And General Industrial Local 108 Welfare's revenue has grown by 19.4%, moving from $14.1M to $16.8M. Total assets increased by 1.9% over the same period, from $3.9M to $4.0M. Total functional expenses rose by 8.2%, from $17.1M to $18.5M. In its most recent filing year (2023), Recycling And General Industrial Local 108 Welfare reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $4.0M in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.8M | $18.5M | $4.0M | $1.7M | — | — |
| 2022 | $16.2M | $16.2M | $4.1M | $104K | — | View 990 |
| 2021 | $14.8M | $15.1M | $4.3M | $306K | — | View 990 |
| 2020 | $15.8M | $16.8M | $4.6M | $267K | — | — |
| 2019 | $17.3M | $15.9M | $6.3M | $989K | — | View 990 |
| 2018 | $16.9M | $16.0M | $5.3M | $1.4M | — | View 990 |
| 2017 | $14.6M | $15.7M | $4.9M | $1.9M | — | — |
| 2016 | $13.8M | $14.0M | $5.1M | $920K | — | View 990 |
| 2015 | $12.8M | $11.9M | $3.6M | $1.1M | — | View 990 |
| 2014 | $13.6M | $13.5M | $2.5M | $1.1M | — | View 990 |
| 2013 | $13.3M | $13.3M | $2.2M | $915K | — | View 990 |
| 2012 | $13.7M | $14.0M | $3.2M | $1.9M | — | View 990 |
| 2011 | $14.1M | $17.1M | $3.9M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.8M, expenses of $18.5M, and assets of $4.0M (revenue +3.7% year-over-year).
- 2022: Revenue of $16.2M, expenses of $16.2M, and assets of $4.1M (revenue +9.5% year-over-year).
- 2021: Revenue of $14.8M, expenses of $15.1M, and assets of $4.3M (revenue -6.7% year-over-year).
- 2020: Revenue of $15.8M, expenses of $16.8M, and assets of $4.6M (revenue -8.5% year-over-year).
- 2019: Revenue of $17.3M, expenses of $15.9M, and assets of $6.3M (revenue +2.6% year-over-year).
- 2018: Revenue of $16.9M, expenses of $16.0M, and assets of $5.3M (revenue +15.9% year-over-year).
- 2017: Revenue of $14.6M, expenses of $15.7M, and assets of $4.9M (revenue +5.6% year-over-year).
- 2016: Revenue of $13.8M, expenses of $14.0M, and assets of $5.1M (revenue +8.0% year-over-year).
- 2015: Revenue of $12.8M, expenses of $11.9M, and assets of $3.6M (revenue -6.1% year-over-year).
- 2014: Revenue of $13.6M, expenses of $13.5M, and assets of $2.5M (revenue +2.6% year-over-year).
- 2013: Revenue of $13.3M, expenses of $13.3M, and assets of $2.2M (revenue -3.4% year-over-year).
- 2012: Revenue of $13.7M, expenses of $14.0M, and assets of $3.2M (revenue -2.3% year-over-year).
- 2011: Revenue of $14.1M, expenses of $17.1M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Recycling And General Industrial Local 108 Welfare:
Data Sources and Methodology
This transparency report for Recycling And General Industrial Local 108 Welfare 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.