Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry Legit?
Quick charity verification for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry (EIN: 112558447)
Verdict: Industry Promotional Fund For The Wall Ceiling & Carpentry Industry appears trustworthy
85/100Mission Score
$2.5MRevenue
$5.9MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the last two reported periods (2023 and 2022), totaling a deficit of $797,195 over two years.
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent reporting of 0% officer compensation, indicating strong cost control at the executive level.
Steady growth in assets over the past decade, from $3,293,004 in 2014 to $5,784,654 in 2023, demonstrating financial stability.
Relatively low liabilities compared to assets, indicating a healthy balance sheet.
Long history of consistent IRS 990 filings, demonstrating transparency and compliance.
Spending Breakdown
How Industry Promotional Fund For The Wall Ceiling & Carpentry Industry 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 Industry Promotional Fund For The Wall Ceiling & Carpentry Industry
Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry a legitimate charity?
Based on AI analysis of IRS 990 filings, Industry Promotional Fund For The Wall Ceiling & Carpentry Industry (EIN: 112558447) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Industry Promotional Fund For The Wall Ceiling & Carpentry Industry a good charity to donate to?
Industry Promotional Fund For The Wall Ceiling & Carpentry Industry has a Mission Score of 85/100. Revenue: $2.5M. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry?
The Employer Identification Number (EIN) for Industry Promotional Fund For The Wall Ceiling & Carpentry Industry is 112558447. 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 Industry Promotional Fund For The Wall Ceiling & Carpentry Industry spend its money?
Industry Promotional Fund For The Wall Ceiling & Carpentry Industry allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Industry Promotional Fund For The Wall Ceiling & Carpentry Industry's tax-exempt status?
You can verify Industry Promotional Fund For The Wall Ceiling & Carpentry Industry's tax-exempt status using EIN 112558447 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 Industry Promotional Fund For The Wall Ceiling & Carpentry Industry demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.5 million to $2.7 million over the past decade. The organization's assets have steadily grown, reaching $5,784,654 in 2023, indicating sound financial management and accumulation of resources. However, the organization has reported expenses exceeding revenue in the last two periods (2023 and 2022), with a deficit of $184,390 in 2023 and $612,805 in 2022. This trend warrants closer examination to ensure long-term sustainability, although the substantial asset base provides a buffer.
Spending efficiency appears to be a strong point, as the organization consistently reports 0% officer compensation, suggesting that resources are directed away from executive salaries. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated. However, the absence of officer compensation is a positive indicator of cost control at the leadership level. The organization's liabilities remain relatively low compared to its assets, indicating a healthy balance sheet.
Transparency is generally good, with consistent IRS 990 filings over many years. The lack of reported officer compensation enhances transparency regarding how funds are allocated at the top. To further improve transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external stakeholders to fully assess spending efficiency and program impact.