Welfare Fund Of Local 293
EIN: 346535474 · Brooklyn Hts, OH
| Metric | Value |
|---|---|
| Total Revenue | $32.9M |
| Total Expenses | $17.7M |
| Net Assets | $3.7M |
Is Welfare Fund Of Local 293 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 Of Local 293
Welfare Fund Of Local 293 (EIN: 346535474) is a nonprofit organization based in Brooklyn Hts, OH. The organization reported total revenue of $32.9M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Fund Of Local 293's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Fund Of Local 293 is a large nonprofit that has been operating for 54 years, with 11 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.2M |
| Total Expenses | $17.7M |
| Surplus / Deficit | $-1,462,176 |
| Total Assets | $3.7M |
| Net Assets | $3.7M |
| Operating Margin | -9.0% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2020, Welfare Fund Of Local 293 reported a deficit of $1.5M with expenses exceeding revenue, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2010–2020), Welfare Fund Of Local 293's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +0.7% | +9.2% | -27.1% |
| 2019 | +0.7% | -7.6% | +2.3% |
| 2018 | -3.2% | -0.8% | -24.9% |
| 2017 | +6.2% | -3.6% | -12.4% |
| 2016 | +4.4% | +10.2% | -26.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welfare Fund Of Local 293 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 Of Local 293 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
Frequently Asked Questions about Welfare Fund Of Local 293
Is Welfare Fund Of Local 293 a legitimate charity?
Welfare Fund Of Local 293 (EIN: 346535474) is a registered tax-exempt nonprofit based in Ohio. It has 11 years of IRS 990 filings on record. Total revenue: $32.9M. No red flags identified. Financial health grade: C.
How does Welfare Fund Of Local 293 spend its money?
Welfare Fund Of Local 293 reported $32.9M in total revenue in IRS 990 filings. 11 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 Of Local 293 tax-deductible?
Welfare Fund Of Local 293 is registered as a tax-exempt nonprofit (EIN: 346535474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welfare Fund Of Local 293 located?
Welfare Fund Of Local 293 is headquartered in Brooklyn Hts, Ohio and files with the IRS under EIN 346535474.
How many years of IRS 990 filings does Welfare Fund Of Local 293 have?
Welfare Fund Of Local 293 has 11 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 $32.9M in total revenue.
Filing History
IRS 990 filing history for Welfare Fund Of Local 293 showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2020), Welfare Fund Of Local 293's revenue has grown by 94.5%, moving from $8.3M to $16.2M. Total assets decreased by 70.5% over the same period, from $12.6M to $3.7M. Total functional expenses rose by 141.6%, from $7.3M to $17.7M. In its most recent filing year (2020), Welfare Fund Of Local 293 reported a deficit of $1.5M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $16.2M | $17.7M | $3.7M | $0 | — | View 990 |
| 2019 | $16.1M | $16.2M | $5.1M | $0 | — | — |
| 2018 | $16.0M | $17.5M | $5.0M | $0 | — | View 990 |
| 2017 | $16.5M | $17.6M | $6.6M | $0 | — | View 990 |
| 2016 | $15.5M | $18.3M | $7.6M | $0 | — | View 990 |
| 2015 | $14.9M | $16.6M | $10.3M | $0 | — | View 990 |
| 2014 | $11.5M | $12.2M | $12.3M | $0 | — | View 990 |
| 2013 | $9.9M | $10.5M | $12.6M | $0 | — | View 990 |
| 2012 | $8.5M | $8.4M | $13.6M | $0 | — | View 990 |
| 2011 | $8.3M | $7.6M | $13.3M | $0 | — | View 990 |
| 2010 | $8.3M | $7.3M | $12.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $16.2M, expenses of $17.7M, and assets of $3.7M (revenue +0.7% year-over-year).
- 2019: Revenue of $16.1M, expenses of $16.2M, and assets of $5.1M (revenue +0.7% year-over-year).
- 2018: Revenue of $16.0M, expenses of $17.5M, and assets of $5.0M (revenue -3.2% year-over-year).
- 2017: Revenue of $16.5M, expenses of $17.6M, and assets of $6.6M (revenue +6.2% year-over-year).
- 2016: Revenue of $15.5M, expenses of $18.3M, and assets of $7.6M (revenue +4.4% year-over-year).
- 2015: Revenue of $14.9M, expenses of $16.6M, and assets of $10.3M (revenue +29.6% year-over-year).
- 2014: Revenue of $11.5M, expenses of $12.2M, and assets of $12.3M (revenue +16.2% year-over-year).
- 2013: Revenue of $9.9M, expenses of $10.5M, and assets of $12.6M (revenue +16.7% year-over-year).
- 2012: Revenue of $8.5M, expenses of $8.4M, and assets of $13.6M (revenue +2.4% year-over-year).
- 2011: Revenue of $8.3M, expenses of $7.6M, and assets of $13.3M (revenue -0.7% year-over-year).
- 2010: Revenue of $8.3M, expenses of $7.3M, and assets of $12.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welfare Fund Of Local 293:
Data Sources and Methodology
This transparency report for Welfare Fund Of Local 293 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.