Is International Union Of Operating Engineers Local 17 Legit?
Quick charity verification for International Union Of Operating Engineers Local 17 (EIN: 160493140)
Verdict: International Union Of Operating Engineers Local 17 appears trustworthy
95/100Mission Score
$15.0MRevenue
$12.8MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
Strengths
Consistent revenue growth, increasing from $2.97M in 2014 to $4.44M in 2023.
Strong asset growth, from $7.24M in 2014 to $12.14M in 2023.
Consistent operating surplus, with revenue exceeding expenses in most years (e.g., $860,432 surplus in 2023).
Zero reported officer compensation across all filings, indicating high transparency and dedication to mission spending.
Low liabilities relative to assets, suggesting strong financial stability (e.g., $65,747 liabilities vs. $12,145,688 assets in 2023).
Spending Breakdown
How International Union Of Operating Engineers Local 17 allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Union Of Operating Engineers Local 17
Is International Union Of Operating Engineers Local 17 a legitimate charity?
Based on AI analysis of IRS 990 filings, International Union Of Operating Engineers Local 17 (EIN: 160493140) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is International Union Of Operating Engineers Local 17 a good charity to donate to?
International Union Of Operating Engineers Local 17 has a Mission Score of 95/100. Revenue: $15.0M. Assets: $12.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Union Of Operating Engineers Local 17?
The Employer Identification Number (EIN) for International Union Of Operating Engineers Local 17 is 160493140. 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 Union Of Operating Engineers Local 17 spend its money?
International Union Of Operating Engineers Local 17 allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Union Of Operating Engineers Local 17's tax-exempt status?
You can verify International Union Of Operating Engineers Local 17's tax-exempt status using EIN 160493140 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 Union Of Operating Engineers Local 17 demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $2,973,733 in 2014 to $4,445,529 in 2023, with assets growing from $7,245,129 to $12,145,688 in the same period. The organization consistently operates with a surplus, as seen in 2023 where revenue exceeded expenses by over $860,000. This indicates sound financial management and an ability to build reserves.
Spending efficiency appears strong, with expenses generally well below revenue, allowing for asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a focus on mission-related spending rather than executive enrichment. This practice is highly commendable and suggests that the organization's resources are being directed towards its operational goals.
Overall, the organization exhibits robust financial health, efficient spending practices, and a high degree of transparency regarding executive compensation. The consistent growth in assets and revenue, coupled with responsible expense management, positions it well for continued stability and impact.