Quick charity verification for Local 8 A 28 A Welfare Fund (EIN: 135624028)
Verdict: Local 8 A 28 A Welfare Fund appears trustworthy
95/100Mission Score
$7.6MRevenue
$9.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency in resource allocation towards its mission.
Strong asset growth, from $4,131,350 in 2018 to $9,431,808 in 2023, demonstrating financial stability and prudent management.
Consistent IRS 990 filing history (13 filings), indicating strong transparency and regulatory compliance.
Manageable liabilities relative to assets, suggesting a healthy financial position.
Revenue generally covers expenses, with a positive net income in most recent years (e.g., $7,473,651 revenue vs. $6,939,666 expenses in 2023).
Spending Breakdown
How Local 8 A 28 A Welfare Fund allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
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 8 A 28 A Welfare Fund
Is Local 8 A 28 A Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 8 A 28 A Welfare Fund (EIN: 135624028) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Local 8 A 28 A Welfare Fund a good charity to donate to?
Local 8 A 28 A Welfare Fund has a Mission Score of 95/100. Revenue: $7.6M. Assets: $9.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 8 A 28 A Welfare Fund?
The Employer Identification Number (EIN) for Local 8 A 28 A Welfare Fund is 135624028. 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 8 A 28 A Welfare Fund spend its money?
Local 8 A 28 A Welfare Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 8 A 28 A Welfare Fund's tax-exempt status?
You can verify Local 8 A 28 A Welfare Fund's tax-exempt status using EIN 135624028 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 8 A 28 A Welfare Fund demonstrates consistent financial activity, primarily focused on providing welfare benefits to its members. Over the past decade, its revenue has fluctuated, with a notable peak in 2021 at $11,654,172, and more recently stabilizing around $7-7.5 million. Expenses generally track revenue, indicating that the fund is actively disbursing benefits. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds for its stated purpose rather than executive enrichment.
The fund's asset base has grown significantly over the years, from $4,131,350 in 2018 to $9,431,808 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities have remained relatively stable and manageable in proportion to assets, indicating a healthy balance sheet. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and financial transparency, allowing stakeholders to track its financial performance over time.
Overall, the Local 8 A 28 A Welfare Fund appears to be a financially stable and well-managed entity, effectively utilizing its resources to fulfill its welfare benefit mission. The absence of officer compensation and consistent financial reporting are positive signs for its operational integrity and commitment to its beneficiaries.