Quick charity verification for Roofers Local 74203 Welfare Fund (EIN: 160836163)
Verdict: Roofers Local 74203 Welfare Fund appears trustworthy
95/100Mission Score
$8.8MRevenue
$8.3MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Strong program spending, as implied by the lack of administrative or fundraising compensation.
Low liabilities relative to assets, demonstrating strong financial health and solvency.
Consistent filing history over 12 periods, indicating good governance and transparency.
Positive net income in the latest filing (202306), with revenue of $3,884,084 exceeding expenses of $3,244,689.
Spending Breakdown
How Roofers Local 74203 Welfare Fund allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Roofers Local 74203 Welfare Fund
Is Roofers Local 74203 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Roofers Local 74203 Welfare Fund (EIN: 160836163) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Roofers Local 74203 Welfare Fund a good charity to donate to?
Roofers Local 74203 Welfare Fund has a Mission Score of 95/100. Revenue: $8.8M. Assets: $8.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Roofers Local 74203 Welfare Fund?
The Employer Identification Number (EIN) for Roofers Local 74203 Welfare Fund is 160836163. 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 Roofers Local 74203 Welfare Fund spend its money?
Roofers Local 74203 Welfare Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Roofers Local 74203 Welfare Fund's tax-exempt status?
You can verify Roofers Local 74203 Welfare Fund's tax-exempt status using EIN 160836163 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 Roofers Local 74203 Welfare Fund appears to be a well-managed organization with a consistent financial history, primarily focused on its program services. Over the past decade, its revenue and expenses have remained relatively stable, with the latest filing (202306) showing revenue of $3,884,084 and expenses of $3,244,689, indicating a surplus for the period. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient spending and a commitment to directing funds towards its mission rather than executive salaries. While the NTEE code is unknown, the nature of a 'Welfare Fund' suggests its primary activities are direct benefits or services to its members.
Spending efficiency is high, given the zero officer compensation and the implied direct benefit structure. The consistent reporting of liabilities, which are generally low relative to assets, suggests sound financial management. For instance, in 202306, liabilities were only $6,227 against assets of $7,859,964. The organization's assets have fluctuated but remained substantial, providing a solid financial base. The absence of reported officer compensation also contributes significantly to its transparency and accountability profile.
Overall, the financial data suggests a stable and efficient operation. The consistent filings over 12 periods demonstrate a commitment to regulatory compliance and transparency. The lack of officer compensation is a significant positive, indicating that the organization's resources are being directly applied to its stated purpose, which is likely member welfare given its name.