Is Metal Trades Branch Local 638 Hospitalization & Welfare Fund Legit?
Quick charity verification for Metal Trades Branch Local 638 Hospitalization & Welfare Fund (EIN: 136211854)
Verdict: Metal Trades Branch Local 638 Hospitalization & Welfare Fund appears trustworthy
90/100Mission Score
$87.7MRevenue
$48.8MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent revenue growth, from $41.7M in 2014 to $81.5M in 2023.
Strong asset growth, from $18.2M in 2014 to $46.9M in 2023.
Consistent operational surpluses, such as $2,271,582 in 2023.
Zero reported officer compensation across all filings, indicating high program focus.
Relatively low liabilities compared to assets, enhancing financial stability.
Spending Breakdown
How Metal Trades Branch Local 638 Hospitalization & Welfare 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 Metal Trades Branch Local 638 Hospitalization & Welfare Fund
Is Metal Trades Branch Local 638 Hospitalization & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Metal Trades Branch Local 638 Hospitalization & Welfare Fund (EIN: 136211854) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Metal Trades Branch Local 638 Hospitalization & Welfare Fund a good charity to donate to?
Metal Trades Branch Local 638 Hospitalization & Welfare Fund has a Mission Score of 90/100. Revenue: $87.7M. Assets: $48.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Metal Trades Branch Local 638 Hospitalization & Welfare Fund?
The Employer Identification Number (EIN) for Metal Trades Branch Local 638 Hospitalization & Welfare Fund is 136211854. 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 Metal Trades Branch Local 638 Hospitalization & Welfare Fund spend its money?
Metal Trades Branch Local 638 Hospitalization & Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Metal Trades Branch Local 638 Hospitalization & Welfare Fund's tax-exempt status?
You can verify Metal Trades Branch Local 638 Hospitalization & Welfare Fund's tax-exempt status using EIN 136211854 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 Metal Trades Branch Local 638 Hospitalization & Welfare Fund demonstrates consistent financial growth, with revenue increasing from $41,707,990 in 2014 to $81,556,463 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $81,556,463 exceeded expenses of $79,284,881. This indicates sound financial management and an ability to cover its operational costs. The fund's assets have also shown significant growth, from $18,274,757 in 2014 to $46,901,845 in 2023, suggesting a healthy accumulation of reserves to support its welfare programs.
Spending efficiency appears to be strong, given the nature of a welfare fund where the majority of expenses are directly related to benefits paid to members. The consistent surpluses and asset growth, alongside zero reported officer compensation across all filings, suggest that resources are primarily directed towards the fund's beneficiaries rather than administrative overhead or executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, reinforcing trust in the organization's financial practices.
Overall, the fund exhibits robust financial health and a clear commitment to its mission. The consistent growth in revenue and assets, coupled with efficient spending and no reported officer compensation, paints a picture of a well-managed and transparent organization focused on providing hospitalization and welfare benefits to its members. The relatively low liabilities compared to assets further strengthens its financial stability.