Is Consolidated Edison Master Welfare Benefit Plan Trust Legit?
Quick charity verification for Consolidated Edison Master Welfare Benefit Plan Trust (EIN: 133329253)
Verdict: Consolidated Edison Master Welfare Benefit Plan Trust appears trustworthy
95/100Mission Score
$5.6MRevenue
$64.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $27.7M in 2014 to $64.2M currently, indicating strong financial management.
No reported officer compensation, suggesting very low administrative overhead for leadership.
Consistent positive net income (revenue exceeding expenses) across all reported periods, demonstrating financial sustainability.
Strong program focus, as indicated by the nature of a welfare benefit plan and efficient spending.
Regular and consistent IRS 990 filing history, indicating good transparency.
Spending Breakdown
How Consolidated Edison Master Welfare Benefit Plan Trust 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 Consolidated Edison Master Welfare Benefit Plan Trust
Is Consolidated Edison Master Welfare Benefit Plan Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Consolidated Edison Master Welfare Benefit Plan Trust (EIN: 133329253) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Consolidated Edison Master Welfare Benefit Plan Trust a good charity to donate to?
Consolidated Edison Master Welfare Benefit Plan Trust has a Mission Score of 95/100. Revenue: $5.6M. Assets: $64.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Consolidated Edison Master Welfare Benefit Plan Trust?
The Employer Identification Number (EIN) for Consolidated Edison Master Welfare Benefit Plan Trust is 133329253. 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 Consolidated Edison Master Welfare Benefit Plan Trust spend its money?
Consolidated Edison Master Welfare Benefit Plan Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Consolidated Edison Master Welfare Benefit Plan Trust's tax-exempt status?
You can verify Consolidated Edison Master Welfare Benefit Plan Trust's tax-exempt status using EIN 133329253 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 Consolidated Edison Master Welfare Benefit Plan Trust appears to be a well-managed entity focused on its primary purpose, likely providing welfare benefits. Its financial health is robust, with assets consistently growing over the past decade, reaching $64,208,634 in the latest period. The organization consistently maintains a healthy surplus of revenue over expenses, as seen in 2023 with revenues of $2,733,314 against expenses of $1,425,339. This indicates strong financial stewardship and an ability to cover its operational costs while building reserves.
Spending efficiency is high, given the nature of a welfare benefit plan. The primary 'program' spending would be the distribution of benefits, which is the core function. The absence of reported officer compensation suggests a lean administrative structure, further contributing to efficiency. The consistent growth in assets and the positive net income each year demonstrate effective financial management and a sustainable operational model. The organization's transparency is good, with a consistent filing history of IRS Form 990s, providing public access to its financial data.