Quick charity verification for Building Trades Welfare Benefit Fund (EIN: 113310062)
Verdict: Building Trades Welfare Benefit Fund appears trustworthy
85/100Mission Score
$33.3MRevenue
$25.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent negative net income in recent years (e.g., 202312, 202212, 202112, 202012, 201912) where expenses exceeded revenue.
NTEE code is unknown, limiting direct peer comparison for financial metrics.
Strengths
Substantial asset base (e.g., $25,312,902 latest assets) provides financial stability.
Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
Consistent filing of IRS 990 forms demonstrates good transparency.
Strong historical revenue growth from $9,721,616 in 201412 to $33,302,388 latest reported.
Spending Breakdown
How Building Trades Welfare Benefit 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 Building Trades Welfare Benefit Fund
Is Building Trades Welfare Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Trades Welfare Benefit Fund (EIN: 113310062) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Building Trades Welfare Benefit Fund a good charity to donate to?
Building Trades Welfare Benefit Fund has a Mission Score of 85/100. Revenue: $33.3M. Assets: $25.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building Trades Welfare Benefit Fund?
The Employer Identification Number (EIN) for Building Trades Welfare Benefit Fund is 113310062. 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 Building Trades Welfare Benefit Fund spend its money?
Building Trades Welfare Benefit Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building Trades Welfare Benefit Fund's tax-exempt status?
You can verify Building Trades Welfare Benefit Fund's tax-exempt status using EIN 113310062 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 Building Trades Welfare Benefit Fund operates as a significant welfare benefit fund, managing substantial assets and revenues to provide benefits. Over the past several years, the organization has consistently reported revenues and expenses in the tens of millions, with the latest reported revenue at $33,302,388 and assets at $25,312,902. A notable trend is that expenses have frequently exceeded revenues in recent periods, such as in 202312 where expenses were $22,265,849 against revenues of $22,184,610, and in 202212 where expenses were $26,153,659 against revenues of $21,874,913. This indicates a potential reliance on accumulated assets or investment income to cover benefit payouts.
The organization's financial health appears stable given its substantial asset base, which has generally remained strong despite periods of negative net income. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its primary purpose, which is a positive indicator of spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.
Transparency is generally good through its consistent IRS 990 filings. The absence of reported officer compensation is a strong point for transparency regarding executive pay. To further enhance transparency, a more detailed functional expense breakdown would be beneficial for external stakeholders to understand how funds are allocated between direct benefits, administrative overhead, and any fundraising activities, although as a welfare benefit fund, fundraising is likely minimal.