Is Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan Legit?
Quick charity verification for Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan (EIN: 111839597)
Verdict: Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan appears trustworthy
85/100Mission Score
$10.9MRevenue
$18.1MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Unclear explanation for consistent 0% officer compensation, which could mask executive benefits if paid by an affiliate
Strengths
Consistent revenue growth over the past decade, from $5.2M in 2014 to $9.4M in 2023
Significant asset growth, from $0.9M in 2014 to $14.1M in 2023, indicating strong financial health
Positive net income (revenue exceeding expenses) in all reported years, demonstrating financial sustainability
Zero reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership
Consistent IRS 990 filing history, indicating good compliance and transparency
Spending Breakdown
How Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan 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 Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan
Is Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan (EIN: 111839597) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan a good charity to donate to?
Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan has a Mission Score of 85/100. Revenue: $10.9M. Assets: $18.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan?
The Employer Identification Number (EIN) for Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan is 111839597. 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 Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan spend its money?
Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan's tax-exempt status?
You can verify Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan's tax-exempt status using EIN 111839597 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
The Bakery Confectionary & Tobacco Wkrs Local 102 Cons Welfare Fund & Plan demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, its revenue has steadily increased from $5,268,779 in 2014 to $9,479,348 in 2023, with assets growing significantly from $923,936 to $14,182,796 in the same period. This indicates effective management of its financial resources and a strong ability to build reserves.
The organization's spending efficiency is notable, particularly given its consistent positive net income (revenue exceeding expenses) across all reported years. For instance, in 2023, expenses were $7,239,264 against revenues of $9,479,348, resulting in a substantial surplus. The absence of reported officer compensation across all filings suggests a lean administrative structure or that compensation is covered through other means not reflected in this specific line item, which could be a positive indicator of resource allocation towards its primary purpose. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The zero officer compensation reported across all filings is a key piece of information, indicating either a volunteer-led executive team or that executive compensation is not categorized as 'officer compensation' in the way the IRS 990 form typically captures it. Further detail on the allocation of expenses (program vs. administrative) would enhance transparency and allow for a more granular analysis of how funds are utilized.