Quick charity verification for Local 500 Building Corp (EIN: 141958493)
Verdict: Local 500 Building Corp has notable concerns
10/100Mission Score
$385KRevenue
$2.1MAssets
4Red Flags
2Strengths
Red Flags
Consistent reporting of $0 expenses across all filings, making financial analysis impossible.
Continuous decline in assets over the past decade, from $3,015,075 in 2014 to $2,144,054 in 2023.
Negative revenue reported in multiple years (e.g., -$80,825 in 2020, -$148,627 in 2019), indicating financial instability or significant losses.
Lack of transparency regarding how funds are utilized due to absent expense data.
Strengths
No reported officer compensation, indicating no direct financial burden from executive salaries.
Liabilities have decreased significantly over the decade, from $2,263,552 in 2014 to $733,334 in 2023.
Spending Breakdown
How Local 500 Building Corp allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 500 Building Corp
Is Local 500 Building Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 500 Building Corp (EIN: 141958493) has notable concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
Is Local 500 Building Corp a good charity to donate to?
Local 500 Building Corp has a Mission Score of 10/100. Revenue: $385K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 500 Building Corp?
The Employer Identification Number (EIN) for Local 500 Building Corp is 141958493. 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 500 Building Corp spend its money?
Local 500 Building Corp allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 500 Building Corp's tax-exempt status?
You can verify Local 500 Building Corp's tax-exempt status using EIN 141958493 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 500 Building Corp's financial health appears to be in a state of gradual decline, as evidenced by a consistent decrease in assets over the past decade, from $3,015,075 in 2014 to $2,144,054 in 2023. While the organization reports zero expenses across all available filings, which is highly unusual and suggests a potential reporting anomaly or a very specific operational model, its revenue has fluctuated significantly, including negative revenue in some years (e.g., -$80,825 in 2020 and -$148,627 in 2019). The lack of reported expenses makes it impossible to assess spending efficiency or program focus. Transparency is limited by the absence of detailed expense breakdowns, which are crucial for understanding how funds are utilized. The organization's liabilities have also decreased over time, from $2,263,552 in 2014 to $733,334 in 2023, which is a positive trend, but the overall financial picture remains concerning due to the asset depreciation and the unexplained zero expense reporting.