Is Local 817 I B T Scholarship Training Fund Legit?
Quick charity verification for Local 817 I B T Scholarship Training Fund (EIN: 112602554)
Verdict: Local 817 I B T Scholarship Training Fund appears trustworthy
95/100Mission Score
$16.7MRevenue
$63.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant asset growth, from $15M in 2014 to over $63M currently.
Zero reported officer compensation across all 13 filings, indicating strong mission focus.
Revenue consistently exceeds expenses, leading to healthy financial surpluses.
Low liabilities relative to assets, demonstrating strong financial stability.
Extensive filing history (13 filings) indicating good transparency and compliance.
Spending Breakdown
How Local 817 I B T Scholarship Training Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 817 I B T Scholarship Training Fund
Is Local 817 I B T Scholarship Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 817 I B T Scholarship Training Fund (EIN: 112602554) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Local 817 I B T Scholarship Training Fund a good charity to donate to?
Local 817 I B T Scholarship Training Fund has a Mission Score of 95/100. Revenue: $16.7M. Assets: $63.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 817 I B T Scholarship Training Fund?
The Employer Identification Number (EIN) for Local 817 I B T Scholarship Training Fund is 112602554. 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 817 I B T Scholarship Training Fund spend its money?
Local 817 I B T Scholarship Training Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 817 I B T Scholarship Training Fund's tax-exempt status?
You can verify Local 817 I B T Scholarship Training Fund's tax-exempt status using EIN 112602554 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 817 I B T Scholarship Training Fund demonstrates strong financial health and appears to be efficiently managed. Over the past decade, the organization has consistently generated more revenue than expenses, leading to substantial growth in assets, from $15 million in 2014 to over $63 million currently. This indicates a robust financial position and the ability to build reserves for future programming. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial stewardship.
The organization's spending efficiency is commendable, with expenses consistently well below revenue. For instance, in 2023, expenses were $3,508,534 against revenues of $4,161,097, showing a healthy surplus. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial trends suggest a focus on accumulating assets to support its scholarship and training objectives. The absence of officer compensation also contributes to a lean operational structure, enhancing overall efficiency.
Transparency appears to be strong, given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical record of financial activity. The consistent growth in assets and the low liability figures across most years (e.g., $89,125 in 2023 compared to $50,000,709 in assets) further bolster confidence in the organization's financial management and stability. The lack of reported officer compensation is a significant positive for transparency and public trust.