Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund Legit?
Quick charity verification for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund (EIN: 141461803)
Verdict: Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund appears trustworthy
90/100Mission Score
$11.5MRevenue
$13.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial stability with stable revenue and assets over a decade.
Zero reported officer compensation across all filings, indicating high efficiency and direct benefit to members.
Manageable liabilities, consistently under $1 million, demonstrating good financial health.
Likely high program spending given the nature of a health benefit fund and lack of executive compensation.
Spending Breakdown
How Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund
Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund (EIN: 141461803) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund a good charity to donate to?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund has a Mission Score of 90/100. Revenue: $11.5M. Assets: $13.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund?
The Employer Identification Number (EIN) for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund is 141461803. 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 Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund spend its money?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund's tax-exempt status?
You can verify Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund's tax-exempt status using EIN 141461803 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 Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund appears to be a well-established organization with a consistent financial history, primarily operating as a health benefit fund. Over the past decade, its revenue and expenses have remained relatively stable, generally in the range of $8-9 million annually. For instance, in 2023, revenue was $8,154,963 against expenses of $8,599,879, indicating a slight operational deficit, which is common for benefit funds that aim to disburse benefits. The organization consistently reports zero officer compensation, which is a strong indicator of efficient use of funds directly for its beneficiaries rather than executive salaries.
While the NTEE code is unknown, the nature of a 'Health Ben Fund' suggests its primary purpose is to provide health benefits to its members. The consistent reporting of assets, ranging from $12 million to $16 million over the years, demonstrates a stable financial base to meet its obligations. The liabilities have also remained manageable, typically under $1 million, indicating good financial stewardship. The absence of officer compensation is a significant positive for transparency and efficiency, as it implies that administrative costs are likely kept low or covered by other means, allowing more funds to flow directly to program services.