Quick charity verification for Local 282 Welfare Trust Fund (EIN: 116244552)
Verdict: Local 282 Welfare Trust Fund appears trustworthy
95/100Mission Score
$290.6MRevenue
$184.7MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed program vs. administrative spending breakdown in summary data
Unusually high revenue spike in the latest period without context
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
Healthy and growing asset base, demonstrating financial stability (e.g., assets grew from $139M in 2015 to $184M currently).
Generally stable financial operations over a decade, with revenues typically exceeding expenses.
Low liabilities relative to assets, indicating good financial health.
Spending Breakdown
How Local 282 Welfare Trust 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 Local 282 Welfare Trust Fund
Is Local 282 Welfare Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 282 Welfare Trust Fund (EIN: 116244552) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Local 282 Welfare Trust Fund a good charity to donate to?
Local 282 Welfare Trust Fund has a Mission Score of 95/100. Revenue: $290.6M. Assets: $184.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 282 Welfare Trust Fund?
The Employer Identification Number (EIN) for Local 282 Welfare Trust Fund is 116244552. 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 282 Welfare Trust Fund spend its money?
Local 282 Welfare Trust Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 282 Welfare Trust Fund's tax-exempt status?
You can verify Local 282 Welfare Trust Fund's tax-exempt status using EIN 116244552 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 282 Welfare Trust Fund demonstrates consistent financial activity, with revenues and expenses in the range of $70 million to $114 million over the past decade, and a recent revenue spike to $290,647,024. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a focus on mission-related spending rather than executive enrichment. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the absence of officer compensation suggests a lean operational structure at the top.
The trust fund appears to maintain a healthy asset base, growing from $139,997,504 in 2015 to $184,705,462 currently, indicating sound financial management and stability. Liabilities have also remained manageable relative to assets. The consistent reporting of 0% officer compensation across all 13 filings is a significant positive for transparency and efficiency, suggesting that the organization's resources are directed towards its welfare trust objectives.