Is International Association Bridge & Structural Iron Workers Local 40 Legit?
Quick charity verification for International Association Bridge & Structural Iron Workers Local 40 (EIN: 135512638)
Verdict: International Association Bridge & Structural Iron Workers Local 40 appears trustworthy
85/100Mission Score
$21.2MRevenue
$63.7MAssets
2Red Flags
4Strengths
Red Flags
NTEE Code is unknown, making peer comparison difficult
Detailed expense breakdown (program vs. admin vs. fundraising) not provided in summary data
Strengths
Consistent asset growth, nearly doubling in a decade from $33M to $63M
Positive net income in all reported periods, indicating financial stability
Very low to zero reported liabilities across multiple years
No reported officer compensation, potentially indicating efficient use of funds for leadership
Spending Breakdown
How International Association Bridge & Structural Iron Workers Local 40 allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 International Association Bridge & Structural Iron Workers Local 40
Is International Association Bridge & Structural Iron Workers Local 40 a legitimate charity?
Based on AI analysis of IRS 990 filings, International Association Bridge & Structural Iron Workers Local 40 (EIN: 135512638) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is International Association Bridge & Structural Iron Workers Local 40 a good charity to donate to?
International Association Bridge & Structural Iron Workers Local 40 has a Mission Score of 85/100. Revenue: $21.2M. Assets: $63.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Association Bridge & Structural Iron Workers Local 40?
The Employer Identification Number (EIN) for International Association Bridge & Structural Iron Workers Local 40 is 135512638. 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 International Association Bridge & Structural Iron Workers Local 40 spend its money?
International Association Bridge & Structural Iron Workers Local 40 allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Association Bridge & Structural Iron Workers Local 40's tax-exempt status?
You can verify International Association Bridge & Structural Iron Workers Local 40's tax-exempt status using EIN 135512638 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 International Association Bridge & Structural Iron Workers Local 40 demonstrates consistent financial growth and strong asset accumulation over the past decade. With latest reported revenue of $21,225,472 and assets of $63,652,943, the organization appears financially robust. The consistent surplus of revenue over expenses, as seen in the 202406 period where revenue was $6,149,423 against expenses of $6,017,443, indicates sound financial management and an ability to build reserves. The organization's assets have grown significantly from $33,385,398 in 2015 to over $63 million currently, suggesting effective long-term financial planning and stability.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise efficiency assessment. However, the consistent positive net income across multiple years suggests that expenses are well-managed relative to income. The absence of reported officer compensation in all available filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or differently compensated leadership model, which could contribute to lower administrative overhead. The organization's liabilities have remained relatively low, often at zero, further reinforcing its strong financial position.
Transparency is generally good given the availability of 990 filings. However, the lack of a specified NTEE code makes it difficult to benchmark its financial performance against similar organizations. A more detailed breakdown of expenses within the 990s would enhance transparency regarding how funds are allocated across programs, administration, and fundraising, allowing for a more granular assessment of spending efficiency and impact.