Is Construction Workers Welfare Fund 147 Legit?

Quick charity verification for Construction Workers Welfare Fund 147 (EIN: 136101595)

Verdict: Construction Workers Welfare Fund 147 appears trustworthy

75/100Mission Score
$3.9MRevenue
$4.0MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Construction Workers Welfare Fund demonstrates a fluctuating financial history, with significant revenue and expense swings over the past decade. While the organization reported a positive net income in its latest filing (202312: Revenue $2,715,566 vs. Expenses $2,059,159), this follows several years of operating deficits, particularly between 2014 and 2019. The organization's assets have also seen considerable variation, peaking at $12,171,276 in 2014 and currently standing at $2,884,439 as of 202312. A notable strength is the consistent reporting of 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. 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.

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Disclaimer

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

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