Is Ibew Local 567 Labor Management Cooperation Committee Trust Fund Legit?
Quick charity verification for Ibew Local 567 Labor Management Cooperation Committee Trust Fund (EIN: 10528038)
Verdict: Ibew Local 567 Labor Management Cooperation Committee Trust Fund appears trustworthy
85/100Mission Score
$151KRevenue
$201KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $70,341 in 2020 to $119,147 in 2023.
Zero reported liabilities across all filing periods, indicating strong financial stability.
Steady increase in assets, reaching $181,296 in 2023, enhancing long-term capacity.
0% officer compensation reported, suggesting efficient use of funds and potentially volunteer leadership.
Consistent filing of IRS Form 990s, demonstrating good transparency.
Spending Breakdown
How Ibew Local 567 Labor Management Cooperation Committee Trust Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Ibew Local 567 Labor Management Cooperation Committee Trust Fund
Is Ibew Local 567 Labor Management Cooperation Committee Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew Local 567 Labor Management Cooperation Committee Trust Fund (EIN: 10528038) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Ibew Local 567 Labor Management Cooperation Committee Trust Fund a good charity to donate to?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund has a Mission Score of 85/100. Revenue: $151K. Assets: $201K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibew Local 567 Labor Management Cooperation Committee Trust Fund?
The Employer Identification Number (EIN) for Ibew Local 567 Labor Management Cooperation Committee Trust Fund is 10528038. 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 Ibew Local 567 Labor Management Cooperation Committee Trust Fund spend its money?
Ibew Local 567 Labor Management Cooperation Committee Trust Fund allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibew Local 567 Labor Management Cooperation Committee Trust Fund's tax-exempt status?
You can verify Ibew Local 567 Labor Management Cooperation Committee Trust Fund's tax-exempt status using EIN 10528038 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 Ibew Local 567 Labor Management Cooperation Committee Trust Fund demonstrates consistent financial growth over the past few years, with revenue increasing from $70,341 in 2020 to $119,147 in 2023. The organization consistently operates with no liabilities, indicating sound financial management and a healthy balance sheet. Its assets have also shown a steady upward trend, reaching $181,296 in 2023, which suggests a growing capacity to fulfill its mission.
Spending efficiency appears to be reasonable, with expenses generally tracking below revenue in recent years, allowing for asset accumulation. For instance, in 2023, expenses were $83,308 against revenues of $119,147, resulting in a surplus. The organization's NTEE code J40 (Labor Unions and Auxiliaries) suggests its primary activities are likely related to labor-management cooperation, which often involves program services that are not easily categorized into traditional 'program,' 'admin,' and 'fundraising' buckets in the same way as a direct service charity. However, without a detailed functional expense breakdown, a precise assessment of program spending efficiency is challenging.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation reported across all available filings is a significant positive indicator for transparency and efficient use of funds, suggesting that leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the trust structure itself minimizes such direct compensation. The consistent reporting of zero liabilities also enhances confidence in its financial health.