Is Ibew No 271 Neca Health And Benefit Fund Legit?
Quick charity verification for Ibew No 271 Neca Health And Benefit Fund (EIN: 200520351)
Verdict: Ibew No 271 Neca Health And Benefit Fund appears trustworthy
90/100Mission Score
$31.8MRevenue
$22.2MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed breakdown for administrative vs. program expenses in summary data
Unusual absence of any reported officer compensation, which might indicate compensation is categorized differently or leadership is entirely volunteer/external.
Strengths
Consistent growth in assets, indicating strong financial management and sustainability.
Revenue consistently exceeds expenses, leading to healthy reserves.
No reported officer compensation, suggesting resources are directed towards beneficiaries.
Low liabilities relative to assets, indicating a strong balance sheet.
Clear mission focus as a health and benefit fund (NTEE Y43).
Spending Breakdown
How Ibew No 271 Neca Health And Benefit Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 No 271 Neca Health And Benefit Fund
Is Ibew No 271 Neca Health And Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew No 271 Neca Health And Benefit Fund (EIN: 200520351) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Ibew No 271 Neca Health And Benefit Fund a good charity to donate to?
Ibew No 271 Neca Health And Benefit Fund has a Mission Score of 90/100. Revenue: $31.8M. Assets: $22.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibew No 271 Neca Health And Benefit Fund?
The Employer Identification Number (EIN) for Ibew No 271 Neca Health And Benefit Fund is 200520351. 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 No 271 Neca Health And Benefit Fund spend its money?
Ibew No 271 Neca Health And Benefit Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibew No 271 Neca Health And Benefit Fund's tax-exempt status?
You can verify Ibew No 271 Neca Health And Benefit Fund's tax-exempt status using EIN 200520351 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
Ibew No 271 Neca Health And Benefit Fund demonstrates consistent financial stability and efficient operations, primarily focused on its core mission of providing health and benefit services. Over the past several years, the organization has consistently generated more revenue than expenses, leading to a steady growth in assets. For instance, in 2023, revenue was $12,219,803 against expenses of $11,251,345, contributing to an asset base of $20,020,493. This trend indicates sound financial management and the ability to build reserves.
The organization's spending efficiency appears high, as evidenced by the nature of a health and benefit fund where the vast majority of expenses are directly related to program services (benefits paid). The absence of reported officer compensation across all available filings suggests a lean administrative structure, further reinforcing its commitment to directing resources towards beneficiaries. The relatively low liabilities compared to assets also points to a healthy balance sheet.
While specific breakdowns of administrative versus program spending are not explicitly detailed in the provided summary, the NTEE code Y43 (Employee or Member Welfare Benefit Funds) implies that most expenditures are inherently programmatic. The consistent growth in assets from $11,439,579 in 2014 to $20,020,493 in 2023, alongside increasing revenue and expenses, suggests an expanding capacity to serve its members. The lack of reported officer compensation also enhances its transparency profile regarding executive pay.