Quick charity verification for Local 338 Health And Welfare Fund (EIN: 132980858)
Verdict: Local 338 Health And Welfare Fund appears trustworthy
85/100Mission Score
$53.8MRevenue
$43.2MAssets
0Red Flags
3Strengths
No red flags identified.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
Strong asset base ($44,408,603 in 202312) relative to liabilities ($620,084 in 202312), demonstrating financial resilience.
Consistent filing of IRS 990 forms over 13 periods, suggesting good governance and transparency.
Spending Breakdown
How Local 338 Health And 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 Local 338 Health And Welfare Fund
Is Local 338 Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 338 Health And Welfare Fund (EIN: 132980858) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
Is Local 338 Health And Welfare Fund a good charity to donate to?
Local 338 Health And Welfare Fund has a Mission Score of 85/100. Revenue: $53.8M. Assets: $43.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 338 Health And Welfare Fund?
The Employer Identification Number (EIN) for Local 338 Health And Welfare Fund is 132980858. 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 Health And Welfare Fund spend its money?
Local 338 Health And Welfare 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 Health And Welfare Fund's tax-exempt status?
You can verify Local 338 Health And Welfare Fund's tax-exempt status using EIN 132980858 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
Local 338 Health And Welfare Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $30-50 million annually over the past decade. In the most recent filing (202312), the organization reported revenues of $41,514,409 against expenses of $45,983,716, indicating a deficit for that period. However, this follows a surplus in 202212 where revenues of $45,624,423 exceeded expenses of $39,438,342. The organization maintains substantial assets, reported at $44,408,603 in 202312, with relatively low liabilities of $620,084, suggesting a strong balance sheet.
The consistent reporting of 0% officer compensation across all available filings indicates a high degree of financial efficiency in terms of executive pay, as no funds are allocated for this purpose. This also points to a strong commitment to directing resources towards its primary mission. While specific program spending details are not provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation. The organization's consistent filing history further suggests good governance and transparency.