Quick charity verification for Local 580 Vacation Fund (EIN: 132874176)
Verdict: Local 580 Vacation Fund appears trustworthy
90/100Mission Score
$54.0MRevenue
$25.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
No reported officer compensation across all filings, indicating strong financial transparency and mission focus.
Consistent management of tens of millions in revenue and expenses over a decade, demonstrating stability.
Low liabilities relative to assets, suggesting sound financial management and minimal debt.
Significant asset base (e.g., $26,961,967 in 2023) providing financial stability and capacity.
Spending Breakdown
How Local 580 Vacation 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 580 Vacation Fund
Is Local 580 Vacation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 580 Vacation Fund (EIN: 132874176) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Local 580 Vacation Fund a good charity to donate to?
Local 580 Vacation Fund has a Mission Score of 90/100. Revenue: $54.0M. Assets: $25.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 580 Vacation Fund?
The Employer Identification Number (EIN) for Local 580 Vacation Fund is 132874176. 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 580 Vacation Fund spend its money?
Local 580 Vacation Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 580 Vacation Fund's tax-exempt status?
You can verify Local 580 Vacation Fund's tax-exempt status using EIN 132874176 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 580 Vacation Fund appears to be a well-managed organization with a consistent financial history, primarily focused on its core purpose as indicated by its name. Over the past decade, the fund has consistently reported substantial revenues and expenses, with assets generally growing or remaining stable. For instance, in 2023, it reported revenues of $32,936,246 against expenses of $33,722,257, showing a slight deficit but maintaining significant asset levels at $26,961,967. The organization's liabilities have remained relatively low and stable across all reported periods, suggesting good financial control and minimal debt burden.
While specific program spending details are not provided in the summary data, the consistent operation with large financial flows and the absence of officer compensation suggest that funds are likely directed towards the vacation benefits for its members. The lack of reported officer compensation across all filings is a strong indicator of financial transparency and a focus on mission rather than executive enrichment. The organization's financial health seems robust, with sufficient assets to cover liabilities and manage operational fluctuations.
Given the nature of a 'vacation fund,' the primary 'program' would be the distribution of vacation benefits to its members. The consistent high revenue and expense figures over many years demonstrate a stable and active fund. The absence of officer compensation further reinforces a positive view of its financial management and commitment to its stated purpose.