Welfare Trust Fund Local 804
Welfare Trust Fund Local 804 shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 111637886 · Prt Washingtn, NY · Updated: 2026-03-28
Is Welfare Trust Fund Local 804 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welfare Trust Fund Local 804 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welfare Trust Fund Local 804
Welfare Trust Fund Local 804 (EIN: 111637886) is a nonprofit organization based in Prt Washingtn, NY. The organization reported total revenue of $175.3M and total assets of $152.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Trust Fund Local 804's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Trust Fund Local 804 is a major nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $136.6M |
| Total Expenses | $128.3M |
| Surplus / Deficit | +$8.3M |
| Total Assets | $154.9M |
| Total Liabilities | $1.8M |
| Net Assets | $153.1M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Welfare Trust Fund Local 804 reported a surplus of $8.3M with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Welfare Trust Fund Local 804's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +6.8% | +0.9% |
| 2022 | +4.8% | +18.5% | +4.4% |
| 2021 | +14.2% | +4.5% | +17.7% |
| 2020 | +8.4% | +5.8% | +19.1% |
| 2019 | +2.9% | +10.1% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Welfare Trust Fund Local 804 with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, Welfare Trust Fund Local 804 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $8.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with revenues exceeding $100 million. This suggests that executive leadership may be compensated through other mechanisms not categorized as 'officer compensation' on the 990, or that it operates with a unique volunteer-based executive structure.
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 Welfare Trust Fund Local 804's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Welfare Trust Fund Local 804:
- Consistent and significant revenue growth over the past decade.
- Strong asset accumulation, indicating robust financial health.
- Liabilities are consistently very low relative to assets, suggesting excellent solvency.
- Expenses are consistently managed below revenue, leading to net asset growth.
Frequently Asked Questions about Welfare Trust Fund Local 804
Is Welfare Trust Fund Local 804 a legitimate charity?
Based on AI analysis of IRS 990 filings, Welfare Trust Fund Local 804 (EIN: 111637886) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Welfare Trust Fund Local 804 spend its money?
Welfare Trust Fund Local 804 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Welfare Trust Fund Local 804 tax-deductible?
Welfare Trust Fund Local 804 is registered as a tax-exempt nonprofit (EIN: 111637886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Welfare Trust Fund Local 804 a good charity?
Based on its financial health, consistent growth, and strong asset base, Welfare Trust Fund Local 804 appears to be a financially sound organization. The consistent 0% officer compensation is a unique factor that warrants further investigation to understand the full compensation structure and its implications for efficiency and transparency.
How has the organization's revenue grown over time?
Welfare Trust Fund Local 804 has shown significant revenue growth, increasing from $71,565,652 in 2014 to $136,580,884 in 2023, demonstrating a strong upward trend.
What is the organization's financial stability?
The organization exhibits strong financial stability, with assets consistently growing and significantly exceeding liabilities. In 2023, assets were $154,905,188 compared to liabilities of $1,775,280.
Filing History
IRS 990 filing history for Welfare Trust Fund Local 804 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welfare Trust Fund Local 804's revenue has grown by 122.7%, moving from $61.3M to $136.6M. Total assets increased by 659.7% over the same period, from $20.4M to $154.9M. Total functional expenses rose by 123.8%, from $57.3M to $128.3M. In its most recent filing year (2023), Welfare Trust Fund Local 804 reported a surplus of $8.3M, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $154.9M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $153.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $136.6M | $128.3M | $154.9M | $1.8M | — | View 990 |
| 2022 | $132.2M | $120.2M | $153.6M | $5.8M | — | View 990 |
| 2021 | $126.2M | $101.4M | $147.2M | $958K | — | — |
| 2020 | $110.4M | $97.1M | $125.0M | $3.6M | — | — |
| 2019 | $101.9M | $91.8M | $105.0M | $788K | — | View 990 |
| 2018 | $99.0M | $83.3M | $91.4M | $675K | — | View 990 |
| 2017 | $87.1M | $80.2M | $82.0M | $694K | — | View 990 |
| 2016 | $83.2M | $74.3M | $73.1M | $447K | — | View 990 |
| 2015 | $78.4M | $67.6M | $65.9M | $1.6M | — | View 990 |
| 2014 | $71.6M | $61.3M | $53.9M | $1.6M | — | View 990 |
| 2013 | $68.8M | $55.8M | $41.2M | $1.0M | — | View 990 |
| 2012 | $64.7M | $56.9M | $28.6M | $1.4M | — | View 990 |
| 2011 | $61.3M | $57.3M | $20.4M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $136.6M, expenses of $128.3M, and assets of $154.9M (revenue +3.3% year-over-year).
- 2022: Revenue of $132.2M, expenses of $120.2M, and assets of $153.6M (revenue +4.8% year-over-year).
- 2021: Revenue of $126.2M, expenses of $101.4M, and assets of $147.2M (revenue +14.2% year-over-year).
- 2020: Revenue of $110.4M, expenses of $97.1M, and assets of $125.0M (revenue +8.4% year-over-year).
- 2019: Revenue of $101.9M, expenses of $91.8M, and assets of $105.0M (revenue +2.9% year-over-year).
- 2018: Revenue of $99.0M, expenses of $83.3M, and assets of $91.4M (revenue +13.6% year-over-year).
- 2017: Revenue of $87.1M, expenses of $80.2M, and assets of $82.0M (revenue +4.7% year-over-year).
- 2016: Revenue of $83.2M, expenses of $74.3M, and assets of $73.1M (revenue +6.1% year-over-year).
- 2015: Revenue of $78.4M, expenses of $67.6M, and assets of $65.9M (revenue +9.5% year-over-year).
- 2014: Revenue of $71.6M, expenses of $61.3M, and assets of $53.9M (revenue +4.1% year-over-year).
- 2013: Revenue of $68.8M, expenses of $55.8M, and assets of $41.2M (revenue +6.2% year-over-year).
- 2012: Revenue of $64.7M, expenses of $56.9M, and assets of $28.6M (revenue +5.6% year-over-year).
- 2011: Revenue of $61.3M, expenses of $57.3M, and assets of $20.4M.
Data Sources and Methodology
This transparency report for Welfare Trust Fund Local 804 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.