Quick charity verification for Plumbers & Steamfitters Local 267 (EIN: 161330386)
Verdict: Plumbers & Steamfitters Local 267 appears trustworthy
95/100Mission Score
$3.4MRevenue
$5.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $848,860 in 2014 to $2,483,275 in 2023.
Strong asset accumulation, with assets growing from $2,582,229 to $4,513,739 over the past decade.
No reported officer compensation across all filings, indicating high efficiency in resource allocation.
Minimal to no liabilities reported in most recent filings, demonstrating strong financial health.
Expenses consistently below revenue, leading to positive net income and asset growth.
Spending Breakdown
How Plumbers & Steamfitters Local 267 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 & Steamfitters Local 267
Is Plumbers & Steamfitters Local 267 a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers & Steamfitters Local 267 (EIN: 161330386) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Plumbers & Steamfitters Local 267 a good charity to donate to?
Plumbers & Steamfitters Local 267 has a Mission Score of 95/100. Revenue: $3.4M. Assets: $5.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plumbers & Steamfitters Local 267?
The Employer Identification Number (EIN) for Plumbers & Steamfitters Local 267 is 161330386. 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 & Steamfitters Local 267 spend its money?
Plumbers & Steamfitters Local 267 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Plumbers & Steamfitters Local 267's tax-exempt status?
You can verify Plumbers & Steamfitters Local 267's tax-exempt status using EIN 161330386 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 & Steamfitters Local 267 demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $848,860 in 2014 to $2,483,275 in 2023, indicating a healthy upward trend in financial support. The organization consistently maintains a positive net income, with expenses generally well below revenue, contributing to a strong asset base that has grown from $2,582,229 to $4,513,739 over the same period. This financial prudence suggests effective management of resources.
The organization's spending efficiency appears strong, as evidenced by the consistent growth in assets and the absence of liabilities in most recent filings. The lack of reported officer compensation across all available filings is a significant indicator of financial transparency and a commitment to directing resources towards the organization's mission rather than executive salaries. This practice, while not typical for all nonprofits, suggests a volunteer-driven or very lean administrative structure for leadership.
Overall, Plumbers & Steamfitters Local 267 exhibits robust financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. The consistent growth in revenue and assets, coupled with minimal liabilities, positions the organization as financially sound and well-managed.