Is Local 147 Construction Workers Additional Security Benefits Fund Legit?
Quick charity verification for Local 147 Construction Workers Additional Security Benefits Fund (EIN: 133161717)
Verdict: Local 147 Construction Workers Additional Security Benefits Fund appears trustworthy
80/100Mission Score
$7.5MRevenue
$12.9MAssets
2Red Flags
3Strengths
Red Flags
Significant long-term asset depletion (from $54.2M in 2014 to $11.8M in 2023)
Frequent periods where expenses exceeded revenue, drawing down reserves (e.g., 2015-2021)
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for its intended purpose.
Recent positive financial performance in 2023, with revenue ($3.11M) exceeding expenses ($1.74M).
Low liabilities relative to assets, suggesting good financial control over obligations.
Spending Breakdown
How Local 147 Construction Workers Additional Security Benefits Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Local 147 Construction Workers Additional Security Benefits Fund
Is Local 147 Construction Workers Additional Security Benefits Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 147 Construction Workers Additional Security Benefits Fund (EIN: 133161717) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Local 147 Construction Workers Additional Security Benefits Fund a good charity to donate to?
Local 147 Construction Workers Additional Security Benefits Fund has a Mission Score of 80/100. Revenue: $7.5M. Assets: $12.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 147 Construction Workers Additional Security Benefits Fund?
The Employer Identification Number (EIN) for Local 147 Construction Workers Additional Security Benefits Fund is 133161717. 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 Local 147 Construction Workers Additional Security Benefits Fund spend its money?
Local 147 Construction Workers Additional Security Benefits Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 147 Construction Workers Additional Security Benefits Fund's tax-exempt status?
You can verify Local 147 Construction Workers Additional Security Benefits Fund's tax-exempt status using EIN 133161717 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 Local 147 Construction Workers Additional Security Benefits Fund appears to be a benefits fund, not a traditional public charity, which significantly impacts the interpretation of its financial data. Its primary purpose is likely to manage and disburse benefits to members, rather than engage in programmatic activities in the way a typical nonprofit would. The organization consistently reports 0% officer compensation across all available filings, indicating strong financial stewardship in this area and a focus on directing funds to its intended purpose. However, the fund has experienced a significant decline in assets over the past decade, from $54.2 million in 2014 to $11.8 million in 2023, alongside a general trend of expenses exceeding revenue in many periods, such as in 2021 ($1.78M expenses vs $0.97M revenue) and 2020 ($1.75M expenses vs $1.17M revenue). This suggests a period of substantial benefit payouts or investment losses, drawing down its reserves. While the most recent period (2023) shows revenue exceeding expenses ($3.11M revenue vs $1.74M expenses), this is a recent positive trend against a backdrop of long-term asset depletion. The lack of NTEE code and specific program spending details makes a direct comparison to typical charity efficiency metrics challenging, as its 'program' spending would largely be benefit disbursements.