Quick charity verification for Labor And Industry For Education Inc (EIN: 114088055)
Verdict: Labor And Industry For Education Inc appears trustworthy
95/100Mission Score
$11.5MRevenue
$31.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, always above $9 million annually.
Significant asset growth from $1.3M in 2015 to over $31M currently.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Expenses consistently managed below revenue, leading to healthy surpluses and asset accumulation.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Spending Breakdown
How Labor And Industry For Education Inc 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 Labor And Industry For Education Inc
Is Labor And Industry For Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Labor And Industry For Education Inc (EIN: 114088055) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Labor And Industry For Education Inc a good charity to donate to?
Labor And Industry For Education Inc has a Mission Score of 95/100. Revenue: $11.5M. Assets: $31.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Labor And Industry For Education Inc?
The Employer Identification Number (EIN) for Labor And Industry For Education Inc is 114088055. 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 Labor And Industry For Education Inc spend its money?
Labor And Industry For Education Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Labor And Industry For Education Inc's tax-exempt status?
You can verify Labor And Industry For Education Inc's tax-exempt status using EIN 114088055 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
Labor And Industry For Education Inc demonstrates consistent financial growth and strong program spending over the past decade. The organization has steadily increased its assets from $1,364,554 in 2015 to $31,363,420 currently, indicating effective asset management and accumulation. Revenue has remained robust, consistently above $9 million annually, with the latest reported revenue at $11,460,734. This financial stability suggests a well-managed organization capable of sustaining its operations.
The organization's spending efficiency appears strong, with expenses generally tracking below revenue, allowing for asset growth. For instance, in 2023, revenue was $9,417,455 against expenses of $9,177,098, showing a surplus. A key indicator of transparency and good governance is the consistent reporting of 0% officer compensation across all available filings, which is highly commendable and suggests that resources are primarily directed towards the organization's mission rather than executive salaries. This practice significantly enhances public trust and confidence in the charity's financial stewardship.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health, consistent revenue, and zero officer compensation point towards a well-run and transparent organization. The substantial growth in assets also indicates prudent financial management and the ability to build reserves for future operations and programs. The consistent filing of IRS 990 forms over 13 periods further underscores a commitment to regulatory compliance and transparency.