Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund Legit?

Quick charity verification for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund (EIN: 146022899)

Verdict: Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund appears trustworthy

75/100Mission Score
$3.7MRevenue
$10.3MAssets
3Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Bricklayers & Allied Craftworkers Local 5 New York Welfare 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 Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund

Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund (EIN: 146022899) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund a good charity to donate to?

Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund has a Mission Score of 75/100. Revenue: $3.7M. Assets: $10.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund?

The Employer Identification Number (EIN) for Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund is 146022899. 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 Local 5 New York Welfare Fund spend its money?

Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's tax-exempt status?

You can verify Bricklayers & Allied Craftworkers Local 5 New York Welfare Fund's tax-exempt status using EIN 146022899 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 Local 5 New York Welfare Fund appears to be a stable organization with consistent asset levels over the past decade, generally hovering around $10 million. While revenue and expenses fluctuate, the fund has maintained a healthy asset base relative to its annual revenue, indicating financial resilience. For instance, in 2023, with revenue of $3,062,403 and assets of $10,243,796, the fund holds over three times its annual income in assets. However, the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($3,764,421 expenses vs. $3,062,403 revenue) and 2021 ($3,717,795 expenses vs. $2,782,182 revenue), which could lead to drawing down reserves if sustained. The fund's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a welfare fund, its primary 'program' would be the provision of benefits, and the lack of officer compensation reported across all filings suggests a lean operational structure at the executive level. Transparency is generally good given the consistent filing of IRS Form 990s, but a more granular view of expense categories would enhance understanding of its operational efficiency and how funds are allocated.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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