Quick charity verification for Local 73 Health And Welfare Fund (EIN: 161067148)
Verdict: Local 73 Health And Welfare Fund appears trustworthy
75/100Mission Score
$3.5MRevenue
$8.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in summary data, hindering efficiency analysis.
Consistent reporting of zero officer compensation, which is atypical for an organization of this size and warrants further investigation.
Strengths
Strong asset base ($8,545,022 in 202204) significantly exceeding liabilities ($54,034), indicating financial stability.
Consistent IRS 990 filing history over 12 periods, demonstrating regulatory compliance.
Generally stable revenue and expense trends over the past decade, suggesting predictable operations.
No reported officer compensation, potentially indicating efficient leadership costs or volunteer leadership.
Spending Breakdown
How Local 73 Health And Welfare Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 73 Health And Welfare Fund
Is Local 73 Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 73 Health And Welfare Fund (EIN: 161067148) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Local 73 Health And Welfare Fund a good charity to donate to?
Local 73 Health And Welfare Fund has a Mission Score of 75/100. Revenue: $3.5M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 73 Health And Welfare Fund?
The Employer Identification Number (EIN) for Local 73 Health And Welfare Fund is 161067148. 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 73 Health And Welfare Fund spend its money?
Local 73 Health And Welfare Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 73 Health And Welfare Fund's tax-exempt status?
You can verify Local 73 Health And Welfare Fund's tax-exempt status using EIN 161067148 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 73 Health And Welfare Fund demonstrates consistent financial operations, with revenues and expenses generally balancing over the past decade. For the most recent period (202204), the organization reported revenues of $3,358,093 against expenses of $3,499,644, indicating a slight deficit for that year. However, its assets of $8,545,022 significantly outweigh its liabilities of $54,034, suggesting a strong financial reserve and stability. The organization's financial health appears sound, with a healthy asset-to-liability ratio.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational expenses relative to revenue suggest a stable cost structure. The absence of reported officer compensation across all filings indicates a potential for high efficiency in leadership costs or that compensation is reported differently, which warrants further investigation into the full 990 forms. The organization's consistent filing history and stable asset base point towards a well-managed entity.
Transparency, based on the provided data, is moderate. While the organization consistently files its IRS 990s, the lack of detailed expense categories (program, admin, fundraising) in the summary makes it challenging to fully evaluate spending efficiency and program focus. The consistent reporting of zero officer compensation is a notable point for transparency, suggesting either volunteer leadership or that compensation is embedded within other expense categories, which would require deeper scrutiny of the full tax forms for complete clarity.