Quick charity verification for Bricklayers Insurance & Welfare Fund (EIN: 131575218)
Verdict: Bricklayers Insurance & Welfare Fund appears trustworthy
90/100Mission Score
$28.0MRevenue
$30.2MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeding revenue in multiple recent years (e.g., 2021, 2022) without clear explanation of funding source for deficit.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
Substantial and stable asset base (e.g., $29,822,659 in 2023) providing financial security.
Significant revenue generation, consistently in the tens of millions annually.
Long history of IRS 990 filings (13 filings), suggesting established operations and compliance.
Spending Breakdown
How Bricklayers Insurance & Welfare 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 Insurance & Welfare Fund
Is Bricklayers Insurance & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bricklayers Insurance & Welfare Fund (EIN: 131575218) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Bricklayers Insurance & Welfare Fund a good charity to donate to?
Bricklayers Insurance & Welfare Fund has a Mission Score of 90/100. Revenue: $28.0M. Assets: $30.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bricklayers Insurance & Welfare Fund?
The Employer Identification Number (EIN) for Bricklayers Insurance & Welfare Fund is 131575218. 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 Insurance & Welfare Fund spend its money?
Bricklayers Insurance & Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bricklayers Insurance & Welfare Fund's tax-exempt status?
You can verify Bricklayers Insurance & Welfare Fund's tax-exempt status using EIN 131575218 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 Insurance & Welfare Fund appears to be a well-established organization with a consistent history of financial activity, managing significant assets and revenue streams. As a welfare fund, its primary purpose is to provide benefits, which inherently means a large portion of its expenses will be direct program costs. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its beneficiaries rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the nature of a welfare fund suggests high program efficiency.
Over the past decade, the fund has maintained substantial assets, fluctuating between approximately $27 million and $37 million, indicating financial stability. Its revenue has generally kept pace with or exceeded expenses in most years, such as in 2023 where revenue was $28,277,123 against expenses of $27,946,424, resulting in a slight surplus. However, there have been periods, like 2022 and 2021, where expenses exceeded revenue, suggesting reliance on reserves or investment income during those times. The consistent reporting of zero officer compensation across all filings is a significant positive for transparency and efficient use of funds.