Wccob Welfare Trust Fund

Wccob Welfare Trust Fund shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 133594943 · White Plains, NY · Updated: 2026-03-28

$4.6MRevenue

$14.1MAssets

80/100Mission Score (Excellent)

Is Wccob Welfare Trust Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Wccob Welfare Trust Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wccob Welfare Trust Fund

Wccob Welfare Trust Fund (EIN: 133594943) is a nonprofit organization based in White Plains, NY. The organization reported total revenue of $4.6M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wccob Welfare Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Wccob Welfare Trust Fund demonstrates consistent financial growth and a strong asset base, with assets growing from $2,725,002 in 2014 to $12,235,413 in 2023. The organization consistently generates more revenue than expenses, as seen in 2023 where revenue was $4,214,805 against expenses of $2,627,023, indicating sound financial management and the ability to build reserves. However, the provided data lacks a detailed breakdown of expenses into program, administrative, and fundraising categories, which limits a full assessment of spending efficiency and transparency regarding how funds are allocated to its mission versus overhead. The absence of officer compensation is a positive indicator for resource allocation directly to the organization's mission.

The organization's financial health appears robust, with a healthy surplus in most years. For instance, in 2023, the surplus was approximately $1.58 million. The significant increase in assets over the decade suggests effective long-term financial planning and investment. However, without specific program spending data, it's challenging to definitively assess the efficiency of its program delivery. The consistent low liabilities also point to a well-managed balance sheet.

While the overall financial picture is positive in terms of growth and stability, the lack of detailed expense categorization in the provided data is a transparency gap. A more granular breakdown of expenses would allow for a clearer understanding of how much of each dollar directly supports its welfare trust fund activities versus administrative or fundraising costs. This information is crucial for stakeholders to fully evaluate the organization's commitment to its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wccob Welfare Trust Fund with a Mission Score of 80 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Wccob Welfare Trust Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all provided filing periods, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for direct resource allocation.

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 Wccob Welfare Trust Fund's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
NTEE code is unknown, making it difficult to benchmark against similar organizations
Reported $0 expenses in 201812 filing period, which is unusual and warrants clarification

Strengths

The following positive indicators were identified for Wccob Welfare Trust Fund:

Consistent revenue generation exceeding expenses, leading to healthy surpluses
Significant and consistent growth in assets, from $2.7M in 2014 to $12.2M in 2023
No reported officer compensation, suggesting resources are not diverted to executive salaries
Low and stable liabilities, indicating strong financial management and minimal debt
Positive financial trend over a decade, demonstrating long-term stability

Frequently Asked Questions about Wccob Welfare Trust Fund

Is Wccob Welfare Trust Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Wccob Welfare Trust Fund (EIN: 133594943) some concerns. Mission Score: 80/100. 3 red flags identified, 5 strengths noted.

How does Wccob Welfare Trust Fund spend its money?

Wccob Welfare Trust Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Wccob Welfare Trust Fund tax-deductible?

Wccob Welfare Trust Fund is registered as a tax-exempt nonprofit (EIN: 133594943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What are the specific programs or services provided by Wccob Welfare Trust Fund?

The provided IRS 990 data does not detail the specific programs or services. The NTEE code is unknown, and expense breakdowns are not granular enough to identify program activities.

How does Wccob Welfare Trust Fund allocate its expenses between program, administrative, and fundraising costs?

The provided data only shows total expenses. A detailed breakdown into program, administrative, and fundraising costs is not available, which limits a full assessment of spending efficiency.

Why was there a period in 2018 where expenses were reported as $0?

The filing for period 201812 shows $0 in expenses. This could indicate an error in reporting, a year of minimal operational activity, or that expenses were categorized differently and not captured in the 'Expenses' field provided.

What is the purpose of the Wccob Welfare Trust Fund?

Based on the name 'Welfare Trust Fund,' it likely provides welfare or support services. However, the specific mission and beneficiaries are not detailed in the provided financial data.

What is the organization's strategy for managing its growing assets?

The organization has significantly grown its assets from $2.7 million in 2014 to over $12 million in 2023. The specific strategy for managing these assets (e.g., investments, reserves) is not detailed in the provided financial summary.

Filing History

IRS 990 filing history for Wccob Welfare Trust Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wccob Welfare Trust Fund's revenue has grown by 141.4%, moving from $1.7M to $4.2M. Total assets increased by 1052.2% over the same period, from $1.1M to $12.2M. Total functional expenses rose by 59.9%, from $1.6M to $2.6M. In its most recent filing year (2023), Wccob Welfare Trust Fund reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $8K in liabilities against $12.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $12.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.2M	$2.6M	$12.2M	$8K	—	—
2022	$2.3M	$2.5M	$10.6M	$8K	—	View 990
2021	$4.0M	$2.5M	$10.9M	$8K	—	View 990
2020	$4.0M	$2.5M	$9.3M	$7K	—	View 990
2019	$4.1M	$2.4M	$7.8M	$7K	—	—
2018	$3.0M	$0	$6.1M	$7K	—	View 990
2017	$3.2M	$2.1M	$5.4M	$7K	—	View 990
2016	$2.9M	$2.0M	$4.4M	$7K	—	View 990
2015	$2.6M	$1.9M	$3.4M	$7K	—	View 990
2014	$2.4M	$1.5M	$2.7M	$39K	—	View 990
2013	$2.2M	$1.7M	$1.9M	$39K	—	View 990
2012	$2.0M	$1.7M	$1.4M	$103K	—	View 990
2011	$1.7M	$1.6M	$1.1M	$7K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.2M, expenses of $2.6M, and assets of $12.2M (revenue +80.5% year-over-year).
2022: Revenue of $2.3M, expenses of $2.5M, and assets of $10.6M (revenue -42.1% year-over-year).
2021: Revenue of $4.0M, expenses of $2.5M, and assets of $10.9M (revenue -0.4% year-over-year).
2020: Revenue of $4.0M, expenses of $2.5M, and assets of $9.3M (revenue -0.5% year-over-year).
2019: Revenue of $4.1M, expenses of $2.4M, and assets of $7.8M (revenue +36.3% year-over-year).
2018: Revenue of $3.0M, expenses of $0, and assets of $6.1M (revenue -5.9% year-over-year).
2017: Revenue of $3.2M, expenses of $2.1M, and assets of $5.4M (revenue +9.5% year-over-year).
2016: Revenue of $2.9M, expenses of $2.0M, and assets of $4.4M (revenue +9.6% year-over-year).
2015: Revenue of $2.6M, expenses of $1.9M, and assets of $3.4M (revenue +11.2% year-over-year).
2014: Revenue of $2.4M, expenses of $1.5M, and assets of $2.7M (revenue +8.1% year-over-year).
2013: Revenue of $2.2M, expenses of $1.7M, and assets of $1.9M (revenue +11.4% year-over-year).
2012: Revenue of $2.0M, expenses of $1.7M, and assets of $1.4M (revenue +13.0% year-over-year).
2011: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Wccob Welfare Trust 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.