Quick charity verification for Consortium For Worker Education Inc (EIN: 133564313)
Verdict: Consortium For Worker Education Inc appears trustworthy
90/100Mission Score
$28.6MRevenue
$23.0MAssets
1Red Flags
4Strengths
Red Flags
Significant growth in liabilities alongside assets, reaching $19,843,098 in 2023, warrants monitoring.
Strengths
Consistent deployment of nearly all revenue to expenses, indicating high spending efficiency (e.g., 2023: $27,203,507 revenue vs. $26,767,522 expenses).
No reported officer compensation across all 13 filings, demonstrating strong commitment to mission and transparency.
Substantial asset growth from $7,302,958 in 2014 to $23,372,754 in 2023, indicating financial stability and capacity.
Stable and growing revenue stream over the past decade, from $19,684,479 in 2014 to $27,203,507 in 2023.
Spending Breakdown
How Consortium For Worker Education Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
3%
Admin Costs
Reasonable — admin costs in check
2%
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 Consortium For Worker Education Inc
Is Consortium For Worker Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Consortium For Worker Education Inc (EIN: 133564313) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Consortium For Worker Education Inc a good charity to donate to?
Consortium For Worker Education Inc has a Mission Score of 90/100. Revenue: $28.6M. Assets: $23.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Consortium For Worker Education Inc?
The Employer Identification Number (EIN) for Consortium For Worker Education Inc is 133564313. 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 Consortium For Worker Education Inc spend its money?
Consortium For Worker Education Inc allocates 95% to programs, 3% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Consortium For Worker Education Inc's tax-exempt status?
You can verify Consortium For Worker Education Inc's tax-exempt status using EIN 133564313 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 Consortium For Worker Education Inc demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenues were $27,203,507 against expenses of $26,767,522, indicating efficient management of funds with a slight surplus. The organization has shown significant growth in assets, from $7,302,958 in 2014 to $23,372,754 in 2023, suggesting financial stability and capacity building. However, liabilities have also grown proportionally, reaching $19,843,098 in 2023, which warrants attention to ensure long-term solvency.
The organization's spending efficiency appears strong, as evidenced by the consistent close margin between revenue and expenses. This suggests that the vast majority of funds received are being deployed towards its mission. The absence of reported officer compensation across all available filings is a notable indicator of transparency and a commitment to directing resources to programs rather than executive salaries. This practice significantly enhances the organization's financial health and public trust.
Overall, the Consortium For Worker Education Inc appears to be a financially stable and efficiently run organization, with a clear focus on its programmatic activities. The consistent financial performance and the lack of executive compensation reported in the 990 filings point to a high degree of transparency and dedication to its mission. While the growth in liabilities should be monitored, the overall financial picture is positive.