Is Plumbers And Steamfitters Local No 21 Education And Training Fund Legit?
Quick charity verification for Plumbers And Steamfitters Local No 21 Education And Training Fund (EIN: 134015617)
Verdict: Plumbers And Steamfitters Local No 21 Education And Training Fund appears trustworthy
90/100Mission Score
$3.2MRevenue
$2.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and direct allocation of funds to mission.
Stable financial position with growing assets over the long term, from $1,080,294 in 201406 to $1,919,592 in 202306.
Low liabilities relative to assets, suggesting sound financial management.
Regular and transparent IRS 990 filings over many years (12 filings).
Spending Breakdown
How Plumbers And Steamfitters Local No 21 Education And Training Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Plumbers And Steamfitters Local No 21 Education And Training Fund
Is Plumbers And Steamfitters Local No 21 Education And Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers And Steamfitters Local No 21 Education And Training Fund (EIN: 134015617) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Plumbers And Steamfitters Local No 21 Education And Training Fund a good charity to donate to?
Plumbers And Steamfitters Local No 21 Education And Training Fund has a Mission Score of 90/100. Revenue: $3.2M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plumbers And Steamfitters Local No 21 Education And Training Fund?
The Employer Identification Number (EIN) for Plumbers And Steamfitters Local No 21 Education And Training Fund is 134015617. 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 Local No 21 Education And Training Fund spend its money?
Plumbers And Steamfitters Local No 21 Education And Training Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Plumbers And Steamfitters Local No 21 Education And Training Fund's tax-exempt status?
You can verify Plumbers And Steamfitters Local No 21 Education And Training Fund's tax-exempt status using EIN 134015617 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 Local No 21 Education And Training Fund demonstrates consistent financial activity, primarily focused on education and training, as indicated by its NTEE code B30. Over the past several years, the organization's revenue and expenses have generally been in a similar range, with some fluctuations. For instance, in 202306, expenses slightly exceeded revenue ($1,493,782 vs. $1,492,156), while in 202206, revenue surpassed expenses ($1,593,140 vs. $1,422,942). The organization's assets have shown growth over the long term, from $1,080,294 in 201406 to $1,919,592 in 202306, indicating a stable financial position. Liabilities have remained relatively low compared to assets, suggesting good financial management.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available. A key aspect of its financial health and transparency is the reported 0% officer compensation across all available filings. This indicates that the organization's leadership is not drawing salaries from the fund, which is a strong positive for donor confidence and suggests that resources are directly allocated to its educational mission. This practice significantly enhances its spending efficiency by minimizing administrative overhead related to executive salaries.
Overall, the organization appears to be financially stable and efficient in its operations, with a clear focus on its program services. The absence of executive compensation is a notable strength, contributing to a high proportion of funds likely directed towards its educational and training initiatives. While specific program spending ratios are not detailed in the provided data, the lack of officer compensation strongly implies a lean administrative structure.