Quick charity verification for Laborers 157 Welfare Fund (EIN: 141437195)
Verdict: Laborers 157 Welfare Fund appears trustworthy
85/100Mission Score
$9.2MRevenue
$18.2MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, increasing from $8.8 million in 2014 to $15.9 million in 2023, indicating financial health.
Balanced revenue and expenses, with revenues generally exceeding expenses, contributing to a stable financial position.
No reported officer compensation, suggesting efficient use of funds or an alternative compensation structure.
Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
Spending Breakdown
How Laborers 157 Welfare 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 Laborers 157 Welfare Fund
Is Laborers 157 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers 157 Welfare Fund (EIN: 141437195) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Laborers 157 Welfare Fund a good charity to donate to?
Laborers 157 Welfare Fund has a Mission Score of 85/100. Revenue: $9.2M. Assets: $18.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Laborers 157 Welfare Fund?
The Employer Identification Number (EIN) for Laborers 157 Welfare Fund is 141437195. 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 Laborers 157 Welfare Fund spend its money?
Laborers 157 Welfare Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Laborers 157 Welfare Fund's tax-exempt status?
You can verify Laborers 157 Welfare Fund's tax-exempt status using EIN 141437195 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 Laborers 157 Welfare Fund demonstrates consistent financial operations, primarily focused on providing welfare benefits to its members. Over the past decade, the organization has shown steady growth in assets, increasing from $8.8 million in 2014 to $15.9 million in 2023. Revenue and expenses have generally remained balanced, with revenues typically exceeding expenses, contributing to asset accumulation. For instance, in 2023, revenue was $4,544,920 against expenses of $4,316,403, indicating a surplus. The organization's liabilities have also grown in proportion to its assets, suggesting a stable financial structure. Given its nature as a welfare fund, its financial health is directly tied to its ability to meet benefit obligations, which its consistent asset growth and revenue generation appear to support.
Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative costs, as the provided data only gives total expenses. However, the consistent surplus in most years suggests that the fund is managing its resources effectively to cover its operational and benefit costs. The absence of reported officer compensation is a notable point regarding its operational structure, indicating that executive leadership may be compensated through other means or that the fund operates with a volunteer or externally managed executive structure. This could imply a lower administrative overhead related to executive salaries.
Transparency, based on the provided data, is moderate. The consistent filing of IRS Form 990s over 13 periods is a positive indicator of compliance and public disclosure. However, without specific details on program service accomplishments and a more granular breakdown of expenses (e.g., direct benefits paid vs. administrative costs to manage the fund), a complete picture of its operational transparency is limited. The lack of reported officer compensation on the 990s is a specific data point that enhances transparency regarding executive pay, or lack thereof, within the fund's direct reporting.