Quick charity verification for I B E W Local 237 Welfare Fund (EIN: 160834222)
Verdict: I B E W Local 237 Welfare Fund appears trustworthy
85/100Mission Score
$13.3MRevenue
$13.7MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
NTEE Code is unknown, making it difficult to benchmark against similar organizations
Strengths
Consistent revenue growth, from $3,667,267 in 2020 to $6,534,616 in 2023
Strong asset growth, nearly doubling from $7,005,926 in 2018 to $12,139,178 in 2023
Zero officer compensation reported across all filings, indicating high transparency and potential volunteer leadership
Low liabilities relative to assets, suggesting strong financial stability
Consistent surplus of revenue over expenses, indicating sound financial management
Spending Breakdown
How I B E W Local 237 Welfare Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 I B E W Local 237 Welfare Fund
Is I B E W Local 237 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, I B E W Local 237 Welfare Fund (EIN: 160834222) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is I B E W Local 237 Welfare Fund a good charity to donate to?
I B E W Local 237 Welfare Fund has a Mission Score of 85/100. Revenue: $13.3M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for I B E W Local 237 Welfare Fund?
The Employer Identification Number (EIN) for I B E W Local 237 Welfare Fund is 160834222. 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 I B E W Local 237 Welfare Fund spend its money?
I B E W Local 237 Welfare Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify I B E W Local 237 Welfare Fund's tax-exempt status?
You can verify I B E W Local 237 Welfare Fund's tax-exempt status using EIN 160834222 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 I B E W Local 237 Welfare Fund demonstrates consistent financial growth and appears to be fiscally sound. Over the past five years, revenue has steadily increased from $3,667,267 in 2020 to $6,534,616 in 2023, indicating a healthy upward trend in financial inflows. Assets have also shown robust growth, nearly doubling from $7,005,926 in 2018 to $12,139,178 in 2023, suggesting effective asset management and accumulation. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only includes total expenses. However, the consistent surplus of revenue over expenses, such as $6,534,616 in revenue against $5,250,601 in expenses in 2023, indicates that the organization is operating within its means and building reserves. The low liabilities relative to assets further support a strong financial position.
Overall, the I B E W Local 237 Welfare Fund exhibits strong financial health with growing assets and revenues. The absence of officer compensation is a significant positive for transparency. Further detailed expense breakdowns would enhance the assessment of spending efficiency, but the available data points to a well-managed and financially stable entity.