Is Asbestos Workers Local 12 Abatement Health Fund Legit?
Quick charity verification for Asbestos Workers Local 12 Abatement Health Fund (EIN: 113517511)
Verdict: Asbestos Workers Local 12 Abatement Health Fund appears trustworthy
85/100Mission Score
$5.6MRevenue
$7.2MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, from $3.4M in 2017 to $6.3M in 2023.
No reported officer compensation across all filings, indicating high efficiency and dedication to mission.
Revenue consistently exceeding expenses in recent years, demonstrating financial stability.
Healthy financial reserves with assets significantly higher than liabilities (e.g., $6.3M assets vs. $1.8M liabilities in 2023).
Spending Breakdown
How Asbestos Workers Local 12 Abatement Health Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Asbestos Workers Local 12 Abatement Health Fund
Is Asbestos Workers Local 12 Abatement Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Asbestos Workers Local 12 Abatement Health Fund (EIN: 113517511) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Asbestos Workers Local 12 Abatement Health Fund a good charity to donate to?
Asbestos Workers Local 12 Abatement Health Fund has a Mission Score of 85/100. Revenue: $5.6M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Asbestos Workers Local 12 Abatement Health Fund?
The Employer Identification Number (EIN) for Asbestos Workers Local 12 Abatement Health Fund is 113517511. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Asbestos Workers Local 12 Abatement Health Fund spend its money?
Asbestos Workers Local 12 Abatement Health Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Asbestos Workers Local 12 Abatement Health Fund's tax-exempt status?
You can verify Asbestos Workers Local 12 Abatement Health Fund's tax-exempt status using EIN 113517511 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Asbestos Workers Local 12 Abatement Health Fund demonstrates consistent financial growth and appears to be fiscally sound. Over the past five years, the organization has seen its assets grow from $4,358,090 in 2019 to $6,386,017 in 2023, indicating healthy financial management and accumulation of reserves. Revenue has also shown a positive trend, increasing from $1,845,627 in 2019 to $2,457,938 in 2023, outpacing expenses in most recent periods.
The organization's spending efficiency is strong, with expenses consistently lower than revenue in recent years, allowing for asset growth. For instance, in 2023, revenue was $2,457,938 against expenses of $2,269,877, resulting in a surplus. A key indicator of transparency and good governance is the reported 0% officer compensation across all available filings, suggesting that executive leadership is not drawing salaries from the fund, which is a positive sign for a health fund of this nature. This practice enhances trust and ensures more funds are available for its primary purpose.