Is Ilwu Local 142 Veba Tr Legit?

Spending Breakdown

How Ilwu Local 142 Veba Tr allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Ilwu Local 142 Veba Tr

Is Ilwu Local 142 Veba Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Ilwu Local 142 Veba Tr (EIN: 202142939) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Ilwu Local 142 Veba Tr a good charity to donate to?

Ilwu Local 142 Veba Tr has a Mission Score of 85/100. Revenue: $5.7M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ilwu Local 142 Veba Tr?

The Employer Identification Number (EIN) for Ilwu Local 142 Veba Tr is 202142939. 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 Ilwu Local 142 Veba Tr spend its money?

Ilwu Local 142 Veba Tr allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ilwu Local 142 Veba Tr's tax-exempt status?

You can verify Ilwu Local 142 Veba Tr's tax-exempt status using EIN 202142939 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

Ilwu Local 142 Veba Tr appears to be in a stable financial position, consistently growing its assets over the past decade, from $3,343,635 in 2014 to $6,097,199 in 2023. The organization's revenue has generally exceeded its expenses, contributing to this asset growth. For instance, in 2023, revenue was $427,539 against expenses of $137,965, indicating a healthy surplus. The organization's NTEE code Y43 suggests it is a voluntary employees' beneficiary association, which typically manages benefits for members rather than engaging in traditional charitable programs. This context is crucial for interpreting its financial activities.

The organization demonstrates strong financial efficiency in its primary function, as evidenced by its low expense ratios relative to revenue. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, suggesting that the organization is not burdened by excessive administrative costs in this area. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. Given its nature as a VEBA trust, a significant portion of its expenses would likely be direct benefit payments or related administrative costs.

Verdict: Ilwu Local 142 Veba Tr appears trustworthy

Red Flags

Strengths