Is Plumbers & Steamfitters Local 322 Health & Welfare Fund Legit?
Quick charity verification for Plumbers & Steamfitters Local 322 Health & Welfare Fund (EIN: 210699966)
Verdict: Plumbers & Steamfitters Local 322 Health & Welfare Fund appears trustworthy
90/100Mission Score
$72.4MRevenue
$36.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses (e.g., $2,371,505 surplus in 202304).
Zero reported officer compensation, indicating high efficiency.
Strong asset base relative to liabilities (e.g., $27,668,155 assets vs. $132,997 liabilities in 202304).
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Stable revenue and expense patterns over multiple years.
Spending Breakdown
How Plumbers & Steamfitters Local 322 Health & Welfare Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 322 Health & Welfare Fund
Is Plumbers & Steamfitters Local 322 Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers & Steamfitters Local 322 Health & Welfare Fund (EIN: 210699966) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Plumbers & Steamfitters Local 322 Health & Welfare Fund a good charity to donate to?
Plumbers & Steamfitters Local 322 Health & Welfare Fund has a Mission Score of 90/100. Revenue: $72.4M. Assets: $36.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Plumbers & Steamfitters Local 322 Health & Welfare Fund?
The Employer Identification Number (EIN) for Plumbers & Steamfitters Local 322 Health & Welfare Fund is 210699966. 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 322 Health & Welfare Fund spend its money?
Plumbers & Steamfitters Local 322 Health & Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Plumbers & Steamfitters Local 322 Health & Welfare Fund's tax-exempt status?
You can verify Plumbers & Steamfitters Local 322 Health & Welfare Fund's tax-exempt status using EIN 210699966 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 Plumbers & Steamfitters Local 322 Health & Welfare Fund appears to be a well-managed organization focused on its primary purpose of providing health and welfare benefits. Over the past several years, its revenues and expenses have been relatively stable, with revenues generally exceeding expenses, contributing to a healthy asset base. For instance, in the 202304 period, revenue was $28,652,324 against expenses of $26,280,819, indicating a surplus. The organization consistently reports zero officer compensation, which suggests that executive compensation is not a significant drain on resources and potentially indicates a volunteer or externally compensated leadership structure, enhancing its financial efficiency. The low liabilities relative to assets, such as $132,997 in liabilities against $27,668,155 in assets in 202304, further underscore its strong financial position and low financial risk. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to regulatory compliance and transparency.