Is Laborers Local 1822 Fringe Benefit Funds…

Quick charity verification for Laborers Local 1822 Fringe Benefit Funds (EIN: 156019137)

Spending Breakdown

How Laborers Local 1822 Fringe Benefit Funds allocates its funds across programs, administration, and fundraising.

100%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Local 1822 Fringe Benefit Funds

Is Laborers Local 1822 Fringe Benefit Funds a legitimate charity?

Based on AI analysis of IRS 990 filings, Laborers Local 1822 Fringe Benefit Funds (EIN: 156019137) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Laborers Local 1822 Fringe Benefit Funds a good charity to donate to?

Laborers Local 1822 Fringe Benefit Funds has a Mission Score of 95/100. Revenue: $3.0M. Assets: $13.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Laborers Local 1822 Fringe Benefit Funds?

The Employer Identification Number (EIN) for Laborers Local 1822 Fringe Benefit Funds is 156019137. 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 Local 1822 Fringe Benefit Funds spend its money?

Laborers Local 1822 Fringe Benefit Funds allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Laborers Local 1822 Fringe Benefit Funds's tax-exempt status?

You can verify Laborers Local 1822 Fringe Benefit Funds's tax-exempt status using EIN 156019137 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

Laborers Local 1822 Fringe Benefit Funds appears to be in a stable financial position, consistently generating revenue that generally exceeds its expenses. For instance, in 2023, the organization reported revenues of $2,316,969 against expenses of $1,927,644, contributing to a healthy growth in assets, which reached $11,791,047. The organization's assets have shown significant growth over the past decade, increasing from $2,451,441 in 2014 to over $11 million in recent years, indicating effective management of its financial resources and accumulation of reserves to support its fringe benefit programs.

Spending efficiency is strong, as the organization consistently reports 0% officer compensation, suggesting that administrative costs related to executive salaries are non-existent or covered by other entities. This allows a greater proportion of funds to be directed towards its primary purpose of providing fringe benefits. The consistent positive net income in most years, such as the $389,325 surplus in 2023, demonstrates a sustainable financial model. The organization's liabilities remain a small fraction of its assets, indicating low financial risk.

Transparency is high given the consistent filing of IRS Form 990s, which are publicly available. The absence of officer compensation reported on these forms is a key indicator of efficient use of funds, as it suggests that the organization is not burdened by high executive salaries. The clear financial trends over multiple years provide a comprehensive view of its operations and financial health to stakeholders.

Is Laborers Local 1822 Fringe Benefit Funds Legit?

Verdict: Laborers Local 1822 Fringe Benefit Funds appears trustworthy

Strengths