Is Private Sanitation Union 813 Insurance Trust Fund Legit?
Quick charity verification for Private Sanitation Union 813 Insurance Trust Fund (EIN: 135603868)
Verdict: Private Sanitation Union 813 Insurance Trust Fund appears trustworthy
90/100Mission Score
$33.1MRevenue
$60.2MAssets
1Red Flags
5Strengths
Red Flags
Significant expense exceeding revenue in 2022 ($34,952,146 expenses vs. $26,322,883 revenue) warrants further investigation into the cause.
Strengths
Consistent financial operations with stable revenue and expense patterns over a decade.
Strong asset growth from $36.6 million in 2014 to $59.6 million in 2023.
No reported officer compensation across all filings, indicating high efficiency at the executive level.
Liabilities are well-managed and significantly lower than assets, demonstrating financial stability.
High program focus, as an insurance trust fund's primary expenses are direct benefits to members.
Spending Breakdown
How Private Sanitation Union 813 Insurance Trust 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 Private Sanitation Union 813 Insurance Trust Fund
Is Private Sanitation Union 813 Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Private Sanitation Union 813 Insurance Trust Fund (EIN: 135603868) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Private Sanitation Union 813 Insurance Trust Fund a good charity to donate to?
Private Sanitation Union 813 Insurance Trust Fund has a Mission Score of 90/100. Revenue: $33.1M. Assets: $60.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Private Sanitation Union 813 Insurance Trust Fund?
The Employer Identification Number (EIN) for Private Sanitation Union 813 Insurance Trust Fund is 135603868. 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 Private Sanitation Union 813 Insurance Trust Fund spend its money?
Private Sanitation Union 813 Insurance Trust Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Private Sanitation Union 813 Insurance Trust Fund's tax-exempt status?
You can verify Private Sanitation Union 813 Insurance Trust Fund's tax-exempt status using EIN 135603868 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 Private Sanitation Union 813 Insurance Trust Fund demonstrates consistent financial activity, primarily focused on providing benefits to its members. Over the past decade, the organization has maintained a stable revenue stream, averaging around $27 million annually, with corresponding expenses. For instance, in 2023, revenue was $28,621,932 against expenses of $27,827,732, indicating a close alignment between income and outgo. The organization's assets have shown growth, increasing from $36,649,000 in 2014 to $59,657,048 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities have remained manageable relative to assets, typically ranging between $7-9 million.
Spending efficiency appears to be high, as the primary function of an insurance trust fund is to disburse benefits, which are categorized as program service expenses. The consistent expenditure levels relative to revenue suggest that funds are being utilized for their intended purpose. The absence of reported officer compensation across all available filings indicates a lean administrative structure at the executive level, which is a positive sign for efficiency and ensuring funds are directed towards beneficiaries.
Transparency is generally good, with 14 filings available, demonstrating a regular reporting history. The consistent reporting of zero officer compensation is a key transparency indicator. While a detailed breakdown of administrative and fundraising costs isn't explicitly provided in the summary data, the nature of an insurance trust fund typically implies that the vast majority of expenses are directly related to program services (i.e., benefits paid).