Uswu Local 74 Supplemental Benefits Fund
Uswu Local 74 Supplemental Benefits Fund consistently maintains strong financial health with zero officer compensation.
EIN: 131912506 · Astoria, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52.8M |
| Total Expenses | $35.0M |
| Program Spending | 95% |
| Net Assets | $102.8M |
| Transparency Score | 90/100 |
Is Uswu Local 74 Supplemental Benefits Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Uswu Local 74 Supplemental Benefits Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Uswu Local 74 Supplemental Benefits Fund
Uswu Local 74 Supplemental Benefits Fund (EIN: 131912506) is a nonprofit organization based in Astoria, NY. The organization reported total revenue of $52.8M and total assets of $112.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Uswu Local 74 Supplemental Benefits Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Uswu Local 74 Supplemental Benefits Fund is a major nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.5M |
| Total Expenses | $35.0M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $106.0M |
| Total Liabilities | $3.2M |
| Net Assets | $102.8M |
| Operating Margin | 8.9% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 36.3 months |
Financial Health Grade: A
In 2023, Uswu Local 74 Supplemental Benefits Fund reported a surplus of $3.4M with revenue exceeding expenses, holds 36.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Uswu Local 74 Supplemental Benefits Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | -6.1% | +15.5% |
| 2022 | -3.1% | +5.1% | -10.8% |
| 2021 | +2.7% | +1.8% | +16.5% |
| 2020 | -2.4% | +2.6% | +14.6% |
| 2019 | +0.5% | -8.3% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Uswu Local 74 Supplemental Benefits Fund with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Uswu Local 74 Supplemental Benefits Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity of this size with annual revenues in the tens of millions.
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 Uswu Local 74 Supplemental Benefits Fund's IRS 990 filings:
- NTEE code is unknown, making peer comparison difficult.
Strengths
The following positive indicators were identified for Uswu Local 74 Supplemental Benefits Fund:
- Consistent financial surpluses, such as the $3,441,571 surplus in 2023.
- Significant and consistent growth in assets, from $33.4M in 2014 to $105.9M in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Strong financial stability with assets significantly exceeding liabilities (e.g., $105.9M assets vs. $3.1M liabilities in 2023).
Frequently Asked Questions about Uswu Local 74 Supplemental Benefits Fund
Is Uswu Local 74 Supplemental Benefits Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Uswu Local 74 Supplemental Benefits Fund (EIN: 131912506) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Uswu Local 74 Supplemental Benefits Fund spend its money?
Uswu Local 74 Supplemental Benefits Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Uswu Local 74 Supplemental Benefits Fund tax-deductible?
Uswu Local 74 Supplemental Benefits Fund is registered as a tax-exempt nonprofit (EIN: 131912506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Uswu Local 74 Supplemental Benefits Fund located?
Uswu Local 74 Supplemental Benefits Fund is headquartered in Astoria, New York and files with the IRS under EIN 131912506.
How many years of IRS 990 filings does Uswu Local 74 Supplemental Benefits Fund have?
Uswu Local 74 Supplemental Benefits 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 $52.8M in total revenue.
Is Uswu Local 74 Supplemental Benefits Fund a good charity?
Based on the available financial data, the organization appears to be very well-managed financially, consistently operating with surpluses and growing its asset base. The 0% officer compensation is a strong indicator of its commitment to its beneficiaries. However, without detailed program expense breakdowns, it's difficult to fully assess its 'goodness' as a charity in the traditional sense, as it functions as a benefits fund.
How does the organization manage its significant assets?
The organization has consistently grown its assets from $33,473,833 in 2014 to $105,996,991 in 2023, suggesting effective investment and financial management strategies to ensure long-term stability and ability to provide benefits.
What is the primary use of the organization's expenses?
As a supplemental benefits fund, the vast majority of its $35,015,557 in expenses for the latest period (202312) are presumed to be direct benefit payments to members, aligning with a high program spending ratio.
Filing History
IRS 990 filing history for Uswu Local 74 Supplemental Benefits Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Uswu Local 74 Supplemental Benefits Fund's revenue has declined by 6.5%, moving from $41.1M to $38.5M. Total assets increased by 307.6% over the same period, from $26.0M to $106.0M. Total functional expenses fell by 20.7%, from $44.1M to $35.0M. In its most recent filing year (2023), Uswu Local 74 Supplemental Benefits Fund reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $106.0M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $102.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.5M | $35.0M | $106.0M | $3.2M | — | — |
| 2022 | $39.5M | $37.3M | $91.8M | $2.6M | — | View 990 |
| 2021 | $40.8M | $35.5M | $102.9M | $4.6M | — | View 990 |
| 2020 | $39.7M | $34.9M | $88.4M | $4.4M | — | — |
| 2019 | $40.7M | $34.0M | $77.1M | $5.9M | — | View 990 |
| 2018 | $40.5M | $37.1M | $62.0M | $4.4M | — | View 990 |
| 2017 | $47.4M | $38.3M | $60.9M | $5.1M | — | View 990 |
| 2016 | $50.4M | $40.9M | $47.6M | $4.6M | — | View 990 |
| 2015 | $47.8M | $44.3M | $36.7M | $5.6M | — | View 990 |
| 2014 | $49.9M | $49.3M | $33.5M | $5.7M | — | View 990 |
| 2013 | $53.1M | $47.8M | $30.6M | $5.3M | — | View 990 |
| 2012 | $43.8M | $45.3M | $26.5M | $5.9M | — | View 990 |
| 2011 | $41.1M | $44.1M | $26.0M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.5M, expenses of $35.0M, and assets of $106.0M (revenue -2.7% year-over-year).
- 2022: Revenue of $39.5M, expenses of $37.3M, and assets of $91.8M (revenue -3.1% year-over-year).
- 2021: Revenue of $40.8M, expenses of $35.5M, and assets of $102.9M (revenue +2.7% year-over-year).
- 2020: Revenue of $39.7M, expenses of $34.9M, and assets of $88.4M (revenue -2.4% year-over-year).
- 2019: Revenue of $40.7M, expenses of $34.0M, and assets of $77.1M (revenue +0.5% year-over-year).
- 2018: Revenue of $40.5M, expenses of $37.1M, and assets of $62.0M (revenue -14.6% year-over-year).
- 2017: Revenue of $47.4M, expenses of $38.3M, and assets of $60.9M (revenue -6.0% year-over-year).
- 2016: Revenue of $50.4M, expenses of $40.9M, and assets of $47.6M (revenue +5.5% year-over-year).
- 2015: Revenue of $47.8M, expenses of $44.3M, and assets of $36.7M (revenue -4.3% year-over-year).
- 2014: Revenue of $49.9M, expenses of $49.3M, and assets of $33.5M (revenue -5.9% year-over-year).
- 2013: Revenue of $53.1M, expenses of $47.8M, and assets of $30.6M (revenue +21.1% year-over-year).
- 2012: Revenue of $43.8M, expenses of $45.3M, and assets of $26.5M (revenue +6.6% year-over-year).
- 2011: Revenue of $41.1M, expenses of $44.1M, and assets of $26.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Uswu Local 74 Supplemental Benefits Fund:
Data Sources and Methodology
This transparency report for Uswu Local 74 Supplemental Benefits 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.