Quick charity verification for Painting Industry Insurance Fund (EIN: 135600369)
Verdict: Painting Industry Insurance Fund appears trustworthy
85/100Mission Score
$180.0MRevenue
$194.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported on 990s for a large organization, which warrants further investigation into compensation structures.
Strengths
Consistent revenue growth, with revenue increasing from $84,259,148 in 2014 to $129,618,111 in 2023.
Strong asset growth, from $123,319,401 in 2014 to $192,646,677 in 2023, indicating robust financial health.
Positive net income in most recent years (e.g., $8,856,721 surplus in 2023), demonstrating effective financial management.
Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
Spending Breakdown
How Painting Industry Insurance 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 Painting Industry Insurance Fund
Is Painting Industry Insurance Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Painting Industry Insurance Fund (EIN: 135600369) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Painting Industry Insurance Fund a good charity to donate to?
Painting Industry Insurance Fund has a Mission Score of 85/100. Revenue: $180.0M. Assets: $194.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Painting Industry Insurance Fund?
The Employer Identification Number (EIN) for Painting Industry Insurance Fund is 135600369. 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 Painting Industry Insurance Fund spend its money?
Painting Industry Insurance Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Painting Industry Insurance Fund's tax-exempt status?
You can verify Painting Industry Insurance Fund's tax-exempt status using EIN 135600369 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 Painting Industry Insurance Fund demonstrates consistent financial health, managing substantial revenues and assets. In 2023, the organization reported revenues of $129,618,111 against expenses of $120,761,390, indicating a surplus. Its asset base has grown steadily, reaching $192,646,677 in 2023, while liabilities remain a manageable portion of assets. The organization's spending efficiency appears strong, with a significant portion of its expenses likely directed towards its core insurance programs, given its nature as an insurance fund. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, as it implies no compensation is paid to officers or that it is reported elsewhere in a way that doesn't trigger this specific line item on the 990, which warrants further investigation for full clarity. Overall, the financial data suggests a well-managed and stable entity.