Quick charity verification for Ironworkers Local 68 (EIN: 210482992)
Verdict: Ironworkers Local 68 shows mixed signals
65/100Mission Score
$2.1MRevenue
$0Assets
3Red Flags
2Strengths
Red Flags
Sudden drop to $0 assets in latest filing after consistently reporting over $2 million in previous years, raising questions about financial stability or reporting accuracy.
Periods of deficit spending where expenses exceeded revenue (e.g., 2017, 2015, 2014) without clear explanation of how these deficits were managed.
Lack of detailed functional expense breakdown in the provided data, hindering a precise assessment of program efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing direct executive overhead.
Significant increase in latest reported revenue to $2,078,285, suggesting potential growth in financial activity.
Spending Breakdown
How Ironworkers Local 68 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 Ironworkers Local 68
Is Ironworkers Local 68 a legitimate charity?
Based on AI analysis of IRS 990 filings, Ironworkers Local 68 (EIN: 210482992) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Ironworkers Local 68 a good charity to donate to?
Ironworkers Local 68 has a Mission Score of 65/100. Revenue: $2.1M. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ironworkers Local 68?
The Employer Identification Number (EIN) for Ironworkers Local 68 is 210482992. 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 Ironworkers Local 68 spend its money?
Ironworkers Local 68 allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ironworkers Local 68's tax-exempt status?
You can verify Ironworkers Local 68's tax-exempt status using EIN 210482992 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
Ironworkers Local 68, a labor organization (NTEE J40), exhibits a fluctuating financial picture based on its IRS 990 filings. While the latest reported revenue is $2,078,285, the organization has reported $0 in assets for the most recent period, a significant change from previous years where assets were consistently over $2 million. This sudden drop to zero assets, without corresponding liabilities, warrants further investigation to understand the underlying financial activities or reporting changes. The organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to its mission, assuming officers are compensated through other means or are volunteers. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging.
The organization's revenue has varied considerably, from a low of $474,139 in 2017 to a high of $2,078,285 in the latest period. Expenses have often exceeded revenue in several periods (e.g., 2017, 2015, 2014), indicating periods of deficit spending. The absence of asset information for the latest period, coupled with the historical asset base, raises questions about financial stability and asset management. Without a functional expense breakdown, it's difficult to ascertain the proportion of funds dedicated to programs versus administrative or fundraising costs, which is crucial for a comprehensive financial health assessment. The consistent reporting of 0% officer compensation suggests a commitment to minimizing overhead in that specific area.