Smart Local Union No 28
Smart Local Union No 28 consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 135388240 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.5M |
| Total Expenses | $9.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $11.7M |
| Transparency Score | 85/100 |
Is Smart Local Union No 28 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smart Local Union No 28 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smart Local Union No 28
Smart Local Union No 28 (EIN: 135388240) is a nonprofit organization based in New York, NY. The organization reported total revenue of $11.5M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smart Local Union No 28's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smart Local Union No 28 is a large nonprofit that has been operating for 11 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $9.8M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $11.8M |
| Total Liabilities | $10K |
| Net Assets | $11.7M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Smart Local Union No 28 reported a surplus of $1.2M with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Smart Local Union No 28's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | -0.3% | +11.4% |
| 2022 | -3.6% | -8.2% | +28.6% |
| 2021 | -14.6% | -18.5% | +11.2% |
| 2020 | +14.0% | -2.2% | +10.2% |
| 2019 | +0.3% | +3.4% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2015 |
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 Smart Local Union No 28 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Smart Local Union No 28 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers. This is highly unusual for an organization with over $10 million in annual revenue and suggests either a volunteer-led executive team or compensation being reported under other expense categories, which would warrant further investigation for full transparency.
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 Smart Local Union No 28's IRS 990 filings:
- 0% officer compensation reported, which is unusual for an organization of this size and may indicate compensation is reported elsewhere or a fully volunteer executive team, requiring further clarification for complete transparency.
Strengths
The following positive indicators were identified for Smart Local Union No 28:
- Consistent revenue generation exceeding expenses, leading to financial surpluses.
- Steady growth in assets over the past decade, indicating strong financial health.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Smart Local Union No 28
Is Smart Local Union No 28 a legitimate charity?
Smart Local Union No 28 (EIN: 135388240) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $11.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Smart Local Union No 28 spend its money?
Smart Local Union No 28 directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Smart Local Union No 28 tax-deductible?
Smart Local Union No 28 is registered as a tax-exempt nonprofit (EIN: 135388240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Smart Local Union No 28 CEO make?
Smart Local Union No 28's highest-compensated officer earns $10 annually. The organization reported $11.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Smart Local Union No 28's spending goes to programs?
Smart Local Union No 28 directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Smart Local Union No 28 located?
Smart Local Union No 28 is headquartered in New York, New York and files with the IRS under EIN 135388240.
How many years of IRS 990 filings does Smart Local Union No 28 have?
Smart Local Union No 28 has 12 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 $11.5M in total revenue.
Is Smart Local Union No 28 financially stable?
Yes, the organization appears financially stable, consistently generating more revenue than expenses, leading to a steady increase in assets from $6,321,383 in 2015 to $11,759,522 in 2023.
How does Smart Local Union No 28 manage executive compensation?
All available IRS 990 filings report 0% officer compensation, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation'.
Has Smart Local Union No 28's revenue been consistent?
Revenue has fluctuated but remained consistently high, generally between $11 million and $14 million annually over the past decade, with the latest reported revenue at $10,973,208 in 2023.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $6,321,383 in 2015 to $11,759,522 in 2023, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Smart Local Union No 28 showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Smart Local Union No 28's revenue has grown by 95.9%, moving from $5.6M to $11.0M. Total assets increased by 50.8% over the same period, from $7.8M to $11.8M. Total functional expenses rose by 69%, from $5.8M to $9.8M. In its most recent filing year (2023), Smart Local Union No 28 reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $10K in liabilities against $11.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.0M | $9.8M | $11.8M | $10K | — | View 990 |
| 2022 | $12.1M | $9.8M | $10.6M | $27K | — | View 990 |
| 2021 | $12.6M | $10.7M | $8.2M | $2K | — | — |
| 2020 | $14.7M | $13.1M | $7.4M | $1.1M | — | — |
| 2019 | $12.9M | $13.4M | $6.7M | $3.3M | — | — |
| 2018 | $12.9M | $12.9M | $7.9M | $4.0M | — | View 990 |
| 2017 | $12.0M | $12.0M | $8.3M | $4.2M | — | View 990 |
| 2016 | $11.2M | $10.7M | $8.1M | $3.8M | — | View 990 |
| 2015 | $8.9M | $9.0M | $6.3M | $2.5M | — | View 990 |
| 2014 | $8.3M | $7.6M | $9.5M | $5.4M | — | View 990 |
| 2012 | $8.7M | $10.4M | $9.2M | $5.5M | — | View 990 |
| 2011 | $5.6M | $5.8M | $7.8M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.0M, expenses of $9.8M, and assets of $11.8M (revenue -9.3% year-over-year).
- 2022: Revenue of $12.1M, expenses of $9.8M, and assets of $10.6M (revenue -3.6% year-over-year).
- 2021: Revenue of $12.6M, expenses of $10.7M, and assets of $8.2M (revenue -14.6% year-over-year).
- 2020: Revenue of $14.7M, expenses of $13.1M, and assets of $7.4M (revenue +14.0% year-over-year).
- 2019: Revenue of $12.9M, expenses of $13.4M, and assets of $6.7M (revenue +0.3% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.9M, and assets of $7.9M (revenue +7.5% year-over-year).
- 2017: Revenue of $12.0M, expenses of $12.0M, and assets of $8.3M (revenue +6.7% year-over-year).
- 2016: Revenue of $11.2M, expenses of $10.7M, and assets of $8.1M (revenue +26.3% year-over-year).
- 2015: Revenue of $8.9M, expenses of $9.0M, and assets of $6.3M (revenue +7.0% year-over-year).
- 2014: Revenue of $8.3M, expenses of $7.6M, and assets of $9.5M (revenue -4.4% year-over-year).
- 2012: Revenue of $8.7M, expenses of $10.4M, and assets of $9.2M (revenue +54.9% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.8M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smart Local Union No 28:
Data Sources and Methodology
This transparency report for Smart Local Union No 28 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.