Quick charity verification for Iuoe Local 30 Benefits Fund (EIN: 132873303)
Verdict: Iuoe Local 30 Benefits Fund appears trustworthy
85/100Mission Score
$107.1MRevenue
$109.2MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size, which is highly unusual and may indicate incomplete reporting or an unusual compensation structure.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary makes a precise assessment of spending efficiency challenging.
Strengths
Consistent and significant revenue growth over the past decade, from $47.9 million in 2014 to $82.2 million in 2023.
Low liabilities relative to assets, demonstrating a healthy balance sheet.
Generally positive net income (revenue exceeding expenses) in most years, contributing to asset growth.
Spending Breakdown
How Iuoe Local 30 Benefits Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Iuoe Local 30 Benefits Fund
Is Iuoe Local 30 Benefits Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Iuoe Local 30 Benefits Fund (EIN: 132873303) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Iuoe Local 30 Benefits Fund a good charity to donate to?
Iuoe Local 30 Benefits Fund has a Mission Score of 85/100. Revenue: $107.1M. Assets: $109.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Iuoe Local 30 Benefits Fund?
The Employer Identification Number (EIN) for Iuoe Local 30 Benefits Fund is 132873303. 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 Iuoe Local 30 Benefits Fund spend its money?
Iuoe Local 30 Benefits Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Iuoe Local 30 Benefits Fund's tax-exempt status?
You can verify Iuoe Local 30 Benefits Fund's tax-exempt status using EIN 132873303 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 Iuoe Local 30 Benefits Fund appears to be a well-managed organization focused on its primary purpose of providing benefits. Over the past decade, its revenue has steadily grown from $47.9 million in 2014 to $82.2 million in 2023, demonstrating financial stability. The organization consistently maintains a healthy asset base, with assets of $116 million in 2023 significantly exceeding its liabilities of $900,723, indicating strong financial solvency.
Spending efficiency is a key strength, as the organization consistently reports 0% officer compensation, suggesting that administrative costs related to executive salaries are either non-existent or covered by other entities, which is highly unusual for an organization of this size and could indicate a lack of transparency in reporting. However, without a detailed breakdown of program vs. administrative expenses, a precise assessment of spending efficiency is challenging. The consistent growth in revenue and assets, coupled with generally positive net income (revenue exceeding expenses in most years), points to a financially sound operation.
Transparency regarding the allocation of expenses between program services, administration, and fundraising is limited by the provided data, particularly the absence of detailed functional expense breakdowns. The 0% officer compensation is a notable data point that, while seemingly positive, could also raise questions about how leadership is compensated or if these costs are reported elsewhere. Overall, the organization demonstrates strong financial health and growth, but more granular expense data would enhance transparency.