Is N Y C District Council Carpenters Welfare Fund Legit?
Quick charity verification for N Y C District Council Carpenters Welfare Fund (EIN: 135615576)
Verdict: N Y C District Council Carpenters Welfare Fund appears trustworthy
75/100Mission Score
$1.5BRevenue
$866.0MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (2021-2023), with expenses exceeding revenue.
Lack of direct executive compensation reporting on the 990, which can obscure full remuneration details.
Strengths
Substantial asset base ($822,353,485 in 202306) provides financial stability.
Long history of consistent financial filings (13 filings) indicates established operations.
Significant scale of operations, managing over $400 million in annual revenue and expenses, suggesting a robust organization.
Spending Breakdown
How N Y C District Council Carpenters Welfare 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 N Y C District Council Carpenters Welfare Fund
Is N Y C District Council Carpenters Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, N Y C District Council Carpenters Welfare Fund (EIN: 135615576) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is N Y C District Council Carpenters Welfare Fund a good charity to donate to?
N Y C District Council Carpenters Welfare Fund has a Mission Score of 75/100. Revenue: $1.5B. Assets: $866.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for N Y C District Council Carpenters Welfare Fund?
The Employer Identification Number (EIN) for N Y C District Council Carpenters Welfare Fund is 135615576. 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 N Y C District Council Carpenters Welfare Fund spend its money?
N Y C District Council Carpenters Welfare Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify N Y C District Council Carpenters Welfare Fund's tax-exempt status?
You can verify N Y C District Council Carpenters Welfare Fund's tax-exempt status using EIN 135615576 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 N Y C District Council Carpenters Welfare Fund demonstrates consistent financial activity, managing substantial revenues and expenses over the past decade. In the most recent filing (202306), the organization reported revenues of $410,408,937 against expenses of $450,381,908, indicating a deficit for that period. This trend of expenses exceeding revenue is also observed in 202206 and 202106, suggesting a potential reliance on prior period surpluses or investment income to cover operational costs. The organization maintains significant assets, totaling $822,353,485 in 202306, which provides a strong financial cushion.
While the filings consistently show 'Officer Comp=0%', this typically indicates that compensation for officers is not reported on Part VII of the Form 990, often because they are compensated by a related organization or are not considered employees for tax purposes. This lack of direct compensation reporting on the 990 itself can sometimes obscure the full picture of executive remuneration, though it doesn't necessarily imply a lack of transparency if the information is available elsewhere. The organization's primary function appears to be managing welfare benefits, which inherently involves high program spending.
Given the nature of a welfare fund, a significant portion of expenses would be directly related to benefits paid out, which aligns with strong program spending. The consistent reporting of assets and liabilities over many years indicates a stable financial operation, despite the recent operational deficits. The absence of specific breakdowns for administrative and fundraising expenses in the provided data makes a detailed efficiency assessment challenging, but the overall scale of operations suggests a well-established entity.