Is Plumbers And Steamfitters 7 Welfare Fund Legit?
Quick charity verification for Plumbers And Steamfitters 7 Welfare Fund (EIN: 146029930)
Verdict: Plumbers And Steamfitters 7 Welfare Fund appears trustworthy
85/100Mission Score
$120.2MRevenue
$93.1MAssets
1Red Flags
3Strengths
Red Flags
0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate compensation is reported in other categories or through related entities, potentially obscuring a full picture of executive pay.
Steady growth in assets over the past decade, from $55.6M in 2014 to $83.7M in 2023, demonstrating strong financial health.
Low liabilities relative to assets, suggesting a healthy balance sheet (e.g., 2023 liabilities $280,993 vs. assets $83,774,777).
Spending Breakdown
How Plumbers And Steamfitters 7 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 Plumbers And Steamfitters 7 Welfare Fund
Is Plumbers And Steamfitters 7 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers And Steamfitters 7 Welfare Fund (EIN: 146029930) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Plumbers And Steamfitters 7 Welfare Fund a good charity to donate to?
Plumbers And Steamfitters 7 Welfare Fund has a Mission Score of 85/100. Revenue: $120.2M. Assets: $93.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plumbers And Steamfitters 7 Welfare Fund?
The Employer Identification Number (EIN) for Plumbers And Steamfitters 7 Welfare Fund is 146029930. 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 Plumbers And Steamfitters 7 Welfare Fund spend its money?
Plumbers And Steamfitters 7 Welfare Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Plumbers And Steamfitters 7 Welfare Fund's tax-exempt status?
You can verify Plumbers And Steamfitters 7 Welfare Fund's tax-exempt status using EIN 146029930 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
Plumbers And Steamfitters 7 Welfare Fund demonstrates consistent financial stability and strong program spending based on its IRS 990 filings. Over the past decade, the organization has consistently generated more revenue than expenses, leading to a steady growth in assets, from $55.6 million in 2014 to $83.7 million in 2023. This indicates effective financial management and a healthy reserve. The organization's primary function appears to be providing welfare benefits, and its spending patterns reflect a high allocation to these program services.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of this size. Further investigation into the nature of its operations and benefit distribution would provide a more complete picture of its overall impact and efficiency.
Overall, the Plumbers And Steamfitters 7 Welfare Fund appears to be a financially sound entity, effectively managing its resources to fulfill its stated purpose. The consistent growth in assets and the positive revenue-to-expense ratio are strong indicators of its financial health. The absence of reported officer compensation is a unique characteristic that warrants deeper understanding to fully assess its operational model.