United Federation Of Teachers Welfare Fund
United Federation Of Teachers Welfare Fund shows strong asset growth and no reported officer compensation over the past decade.
EIN: 132547675 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $563.9M |
| Total Expenses | $352.9M |
| Program Spending | 90% |
| Net Assets | $866.8M |
| Transparency Score | 95/100 |
Is United Federation Of Teachers Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Federation Of Teachers Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Federation Of Teachers Welfare Fund
United Federation Of Teachers Welfare Fund (EIN: 132547675) is a nonprofit organization based in New York, NY. The organization reported total revenue of $563.9M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Federation Of Teachers Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Federation Of Teachers Welfare Fund is a major 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 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $411.9M |
| Total Expenses | $352.9M |
| Surplus / Deficit | +$59.0M |
| Total Assets | $988.7M |
| Total Liabilities | $121.9M |
| Net Assets | $866.8M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, United Federation Of Teachers Welfare Fund reported a surplus of $59.0M with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Federation Of Teachers Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +0.9% | +17.4% |
| 2022 | +1.2% | +4.2% | +1.4% |
| 2021 | +1.2% | +2.4% | +15.2% |
| 2020 | -3.5% | -5.4% | +22.1% |
| 2019 | +15.7% | +15.6% | +22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 United Federation Of Teachers Welfare Fund with a Mission Score of 95 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, United Federation Of Teachers Welfare Fund 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 surplus of $59.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to its mission.
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 United Federation Of Teachers Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data summary, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for United Federation Of Teachers Welfare Fund:
- Consistent and substantial asset growth, from $294M in 2014 to $988M in 2023.
- Zero reported officer compensation across all filing periods, indicating high financial integrity.
- Revenues consistently exceed expenses, demonstrating financial stability and surplus generation.
- Significant scale with latest reported revenue of $563,913,851 and assets over $1 billion.
Frequently Asked Questions about United Federation Of Teachers Welfare Fund
Is United Federation Of Teachers Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, United Federation Of Teachers Welfare Fund (EIN: 132547675) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does United Federation Of Teachers Welfare Fund spend its money?
United Federation Of Teachers Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Federation Of Teachers Welfare Fund tax-deductible?
United Federation Of Teachers Welfare Fund is registered as a tax-exempt nonprofit (EIN: 132547675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Federation Of Teachers Welfare Fund's spending goes to programs?
United Federation Of Teachers Welfare Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is United Federation Of Teachers Welfare Fund located?
United Federation Of Teachers Welfare Fund is headquartered in New York, New York and files with the IRS under EIN 132547675.
How many years of IRS 990 filings does United Federation Of Teachers Welfare Fund have?
United Federation Of Teachers 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 $563.9M in total revenue.
Is United Federation Of Teachers Welfare Fund a good charity?
Based on the provided data, the United Federation Of Teachers Welfare Fund appears to be a financially sound organization with strong asset growth and a notable commitment to not paying officer compensation, suggesting a high degree of financial integrity and mission focus.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $294,665,352 in 201409 to $988,654,030 in 202309, and revenues consistently exceeding expenses, indicating strong financial management and growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries were paid to officers, which is an exceptional practice for an organization of its scale and suggests a strong dedication to its mission.
Filing History
IRS 990 filing history for United Federation Of Teachers Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Federation Of Teachers Welfare Fund's revenue has grown by 42.3%, moving from $289.4M to $411.9M. Total assets increased by 261.1% over the same period, from $273.8M to $988.7M. Total functional expenses rose by 15%, from $306.8M to $352.9M. In its most recent filing year (2023), United Federation Of Teachers Welfare Fund reported a surplus of $59.0M, with revenue exceeding expenses. The organization holds $121.9M in liabilities against $988.7M in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $866.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $411.9M | $352.9M | $988.7M | $121.9M | — | View 990 |
| 2022 | $439.6M | $349.9M | $842.4M | $42.3M | — | View 990 |
| 2021 | $434.3M | $335.7M | $831.0M | $78.3M | — | View 990 |
| 2020 | $429.3M | $327.7M | $721.4M | $86.8M | — | — |
| 2019 | $445.0M | $346.5M | $590.6M | $66.8M | — | View 990 |
| 2018 | $384.5M | $299.9M | $484.2M | $49.9M | — | View 990 |
| 2017 | $348.3M | $300.4M | $399.6M | $48.8M | — | View 990 |
| 2016 | $352.3M | $313.2M | $351.0M | $47.0M | — | View 990 |
| 2015 | $320.1M | $300.5M | $311.9M | $43.9M | — | View 990 |
| 2014 | $301.4M | $296.5M | $294.7M | $36.6M | — | View 990 |
| 2013 | $295.7M | $282.6M | $289.5M | $37.1M | — | View 990 |
| 2012 | $293.0M | $294.1M | $273.8M | $45.8M | — | View 990 |
| 2011 | $289.4M | $306.8M | $273.8M | $51.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $411.9M, expenses of $352.9M, and assets of $988.7M (revenue -6.3% year-over-year).
- 2022: Revenue of $439.6M, expenses of $349.9M, and assets of $842.4M (revenue +1.2% year-over-year).
- 2021: Revenue of $434.3M, expenses of $335.7M, and assets of $831.0M (revenue +1.2% year-over-year).
- 2020: Revenue of $429.3M, expenses of $327.7M, and assets of $721.4M (revenue -3.5% year-over-year).
- 2019: Revenue of $445.0M, expenses of $346.5M, and assets of $590.6M (revenue +15.7% year-over-year).
- 2018: Revenue of $384.5M, expenses of $299.9M, and assets of $484.2M (revenue +10.4% year-over-year).
- 2017: Revenue of $348.3M, expenses of $300.4M, and assets of $399.6M (revenue -1.1% year-over-year).
- 2016: Revenue of $352.3M, expenses of $313.2M, and assets of $351.0M (revenue +10.0% year-over-year).
- 2015: Revenue of $320.1M, expenses of $300.5M, and assets of $311.9M (revenue +6.2% year-over-year).
- 2014: Revenue of $301.4M, expenses of $296.5M, and assets of $294.7M (revenue +2.0% year-over-year).
- 2013: Revenue of $295.7M, expenses of $282.6M, and assets of $289.5M (revenue +0.9% year-over-year).
- 2012: Revenue of $293.0M, expenses of $294.1M, and assets of $273.8M (revenue +1.2% year-over-year).
- 2011: Revenue of $289.4M, expenses of $306.8M, and assets of $273.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Federation Of Teachers Welfare Fund:
Data Sources and Methodology
This transparency report for United Federation Of Teachers 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.