Quick charity verification for Local 338 Benefits Trust Fund (EIN: 136313146)
Verdict: Local 338 Benefits Trust Fund shows mixed signals
65/100Mission Score
$3.4MRevenue
$7.8MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits over multiple years (e.g., 2023 expenses $3.65M vs. revenue $1.83M)
Significant decline in total assets from $14.7M in 2017 to $8.5M in 2023
Lack of NTEE code, hindering clear understanding of mission and comparative analysis
Strengths
0% officer compensation reported across all filings, indicating efficient use of funds for leadership
Long operational history with 13 filings, suggesting established presence
Low liabilities relative to assets, indicating good balance sheet health despite asset decline (e.g., 2023 liabilities $336K vs. assets $8.5M)
Spending Breakdown
How Local 338 Benefits 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 338 Benefits Trust Fund
Is Local 338 Benefits Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 338 Benefits Trust Fund (EIN: 136313146) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Local 338 Benefits Trust Fund a good charity to donate to?
Local 338 Benefits Trust Fund has a Mission Score of 65/100. Revenue: $3.4M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 338 Benefits Trust Fund?
The Employer Identification Number (EIN) for Local 338 Benefits Trust Fund is 136313146. 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 338 Benefits Trust Fund spend its money?
Local 338 Benefits 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 338 Benefits Trust Fund's tax-exempt status?
You can verify Local 338 Benefits Trust Fund's tax-exempt status using EIN 136313146 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 338 Benefits Trust Fund appears to be a well-established organization, as evidenced by its extensive filing history. However, a concerning trend is the consistent deficit spending in recent years. For example, in 2023, expenses of $3,653,270 significantly outstripped revenue of $1,833,937, and similar patterns are observed in 2022 and 2021. This sustained operational deficit has led to a notable decline in assets, from a peak of $14,772,251 in 2017 to $8,503,811 in 2023. While the organization reports 0% officer compensation, which is a positive indicator of resource allocation, the long-term financial sustainability is questionable given the ongoing revenue-expense imbalance. The lack of NTEE code information makes it difficult to benchmark against similar organizations, impacting transparency regarding its specific programmatic focus.