Welfare Fund Local 764 Wardrobe Union
EIN: 237325471 · New York, NY
| Metric | Value |
|---|---|
| Total Expenses | $10.3M |
| Net Assets | $12.7M |
Is Welfare Fund Local 764 Wardrobe Union Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welfare Fund Local 764 Wardrobe Union
Welfare Fund Local 764 Wardrobe Union (EIN: 237325471) is a nonprofit organization based in New York, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Fund Local 764 Wardrobe Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Fund Local 764 Wardrobe Union is a mid-size nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-658,291 |
| Total Assets | $12.9M |
| Total Liabilities | $212K |
| Net Assets | $12.7M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 15.0 months |
Financial Health Grade: B
In 2014, Welfare Fund Local 764 Wardrobe Union reported a deficit of $658K with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Welfare Fund Local 764 Wardrobe Union's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -2.2% | +9.4% | -5.6% |
| 2013 | +16.2% | +3.2% | -7.3% |
| 2012 | +7.3% | +17.6% | -1.4% |
AI Analysis Pending
AI enrichment for Welfare Fund Local 764 Wardrobe Union has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Welfare Fund Local 764 Wardrobe Union with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $658K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Welfare Fund Local 764 Wardrobe Union
Is Welfare Fund Local 764 Wardrobe Union a legitimate charity?
Welfare Fund Local 764 Wardrobe Union (EIN: 237325471) is a registered tax-exempt nonprofit based in New York. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Welfare Fund Local 764 Wardrobe Union spend its money?
Welfare Fund Local 764 Wardrobe Union reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Welfare Fund Local 764 Wardrobe Union tax-deductible?
Welfare Fund Local 764 Wardrobe Union is registered as a tax-exempt nonprofit (EIN: 237325471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welfare Fund Local 764 Wardrobe Union located?
Welfare Fund Local 764 Wardrobe Union is headquartered in New York, New York and files with the IRS under EIN 237325471.
How many years of IRS 990 filings does Welfare Fund Local 764 Wardrobe Union have?
Welfare Fund Local 764 Wardrobe Union has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Welfare Fund Local 764 Wardrobe Union showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Welfare Fund Local 764 Wardrobe Union's revenue has grown by 21.9%, moving from $7.9M to $9.6M. Total assets decreased by 13.6% over the same period, from $15.0M to $12.9M. Total functional expenses rose by 32.7%, from $7.8M to $10.3M. In its most recent filing year (2014), Welfare Fund Local 764 Wardrobe Union reported a deficit of $658K, with expenses exceeding revenue. The organization holds $212K in liabilities against $12.9M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $9.6M | $10.3M | $12.9M | $212K | — | View 990 |
| 2013 | $9.9M | $9.4M | $13.7M | $164K | — | View 990 |
| 2012 | $8.5M | $9.1M | $14.8M | $160K | — | View 990 |
| 2011 | $7.9M | $7.8M | $15.0M | $144K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $9.6M, expenses of $10.3M, and assets of $12.9M (revenue -2.2% year-over-year).
- 2013: Revenue of $9.9M, expenses of $9.4M, and assets of $13.7M (revenue +16.2% year-over-year).
- 2012: Revenue of $8.5M, expenses of $9.1M, and assets of $14.8M (revenue +7.3% year-over-year).
- 2011: Revenue of $7.9M, expenses of $7.8M, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welfare Fund Local 764 Wardrobe Union:
Data Sources and Methodology
This transparency report for Welfare Fund Local 764 Wardrobe Union 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.