Steamfitting Industry Fund Of New York & Long Island
Steamfitting Industry Fund experiences two consecutive years of deficit spending, drawing down assets.
EIN: 136207695 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.4M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.5M |
| Transparency Score | 65/100 |
Is Steamfitting Industry Fund Of New York & Long Island Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steamfitting Industry Fund Of New York & Long Island directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steamfitting Industry Fund Of New York & Long Island
Steamfitting Industry Fund Of New York & Long Island (EIN: 136207695) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.6M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitting Industry Fund Of New York & Long Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamfitting Industry Fund Of New York & Long Island is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-685,936 |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | -24.9% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Steamfitting Industry Fund Of New York & Long Island reported a deficit of $686K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Steamfitting Industry Fund Of New York & Long Island's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | +6.3% | -31.8% |
| 2022 | -22.4% | +33.9% | -32.4% |
| 2021 | +17.1% | +2.8% | +15.5% |
| 2020 | -25.1% | -19.9% | +2.9% |
| 2019 | +8.3% | +11.9% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
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 Steamfitting Industry Fund Of New York & Long Island with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Steamfitting Industry Fund Of New York & Long Island 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 deficit of $686K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual expenses exceeding $2 million. This either indicates that executive compensation is genuinely zero, or it is reported under a different category not captured by 'Officer Comp' in the provided data, warranting 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 Steamfitting Industry Fund Of New York & Long Island's IRS 990 filings:
- Consecutive years of deficit spending (2022, 2023) where expenses exceeded revenue, leading to asset depletion.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Unusually consistent 0% officer compensation reported, which may warrant further scrutiny for full transparency.
Strengths
The following positive indicators were identified for Steamfitting Industry Fund Of New York & Long Island:
- Consistent reporting of zero liabilities across all filings, indicating a strong debt-free financial position.
- History of significant revenue generation, consistently above $2 million annually.
- Maintained substantial assets over the past decade, peaking at over $3 million in 2021.
Frequently Asked Questions about Steamfitting Industry Fund Of New York & Long Island
Is Steamfitting Industry Fund Of New York & Long Island a legitimate charity?
Steamfitting Industry Fund Of New York & Long Island (EIN: 136207695) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Steamfitting Industry Fund Of New York & Long Island spend its money?
Steamfitting Industry Fund Of New York & Long Island directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Steamfitting Industry Fund Of New York & Long Island tax-deductible?
Steamfitting Industry Fund Of New York & Long Island is registered as a tax-exempt nonprofit (EIN: 136207695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Steamfitting Industry Fund Of New York & Long Island CEO make?
Steamfitting Industry Fund Of New York & Long Island's highest-compensated officer earns $2 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Steamfitting Industry Fund Of New York & Long Island's spending goes to programs?
Steamfitting Industry Fund Of New York & Long Island directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Steamfitting Industry Fund Of New York & Long Island located?
Steamfitting Industry Fund Of New York & Long Island is headquartered in New York, New York and files with the IRS under EIN 136207695.
How many years of IRS 990 filings does Steamfitting Industry Fund Of New York & Long Island have?
Steamfitting Industry Fund Of New York & Long Island 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 $3.6M in total revenue.
Why have expenses exceeded revenue in the last two fiscal periods (2022 and 2023)?
In 2023, expenses were $3,444,698 against revenues of $2,758,762, and in 2022, expenses were $3,240,682 against revenues of $2,208,415. This deficit spending has led to a reduction in assets.
What is the nature of the organization's programs and how are funds allocated?
The provided data does not include a detailed breakdown of program, administrative, and fundraising expenses, making it difficult to assess the specific allocation of funds to its mission.
How does the organization manage to report 0% officer compensation despite significant annual expenses?
The consistent reporting of 0% officer compensation is unusual for an organization with annual expenses in the millions. This could mean executives are unpaid, compensated through other means not classified as 'Officer Comp', or the data provided is incomplete regarding this specific detail.
Filing History
IRS 990 filing history for Steamfitting Industry Fund Of New York & Long Island showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamfitting Industry Fund Of New York & Long Island's revenue has grown by 26.8%, moving from $2.2M to $2.8M. Total assets increased by 57.5% over the same period, from $935K to $1.5M. Total functional expenses rose by 24.8%, from $2.8M to $3.4M. In its most recent filing year (2023), Steamfitting Industry Fund Of New York & Long Island reported a deficit of $686K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.4M | $1.5M | $0 | — | — |
| 2022 | $2.2M | $3.2M | $2.2M | $0 | — | View 990 |
| 2021 | $2.8M | $2.4M | $3.2M | $0 | — | View 990 |
| 2020 | $2.4M | $2.4M | $2.8M | $0 | — | View 990 |
| 2019 | $3.2M | $2.9M | $2.7M | $0 | — | View 990 |
| 2018 | $3.0M | $2.6M | $2.4M | $0 | — | View 990 |
| 2017 | $3.2M | $2.9M | $2.0M | $0 | — | View 990 |
| 2016 | $3.2M | $2.9M | $1.7M | $0 | — | View 990 |
| 2015 | $2.8M | $2.8M | $1.5M | $0 | — | View 990 |
| 2014 | $2.7M | $2.6M | $1.4M | $0 | — | View 990 |
| 2013 | $2.6M | $2.5M | $1.3M | $0 | — | View 990 |
| 2012 | $2.6M | $2.4M | $1.2M | $0 | — | View 990 |
| 2011 | $2.2M | $2.8M | $935K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.4M, and assets of $1.5M (revenue +24.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $3.2M, and assets of $2.2M (revenue -22.4% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.4M, and assets of $3.2M (revenue +17.1% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $2.8M (revenue -25.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.9M, and assets of $2.7M (revenue +8.3% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.6M, and assets of $2.4M (revenue -5.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $2.9M, and assets of $2.0M (revenue -1.2% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.9M, and assets of $1.7M (revenue +13.5% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $1.5M (revenue +2.3% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M (revenue +4.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $1.3M (revenue +0.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $1.2M (revenue +20.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.8M, and assets of $935K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamfitting Industry Fund Of New York & Long Island:
Data Sources and Methodology
This transparency report for Steamfitting Industry Fund Of New York & Long Island 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.