Is Service Professionals Independent Union Local 726 Legit?
Quick charity verification for Service Professionals Independent Union Local 726 (EIN: 134075932)
Verdict: Service Professionals Independent Union Local 726 appears trustworthy
90/100Mission Score
$8.9MRevenue
$7.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue exceeding expenses, leading to strong financial health.
Significant growth in net assets, from $1.6M in 2014 to $6.2M in 2023.
Zero officer compensation reported across all available filings, indicating high transparency and mission focus.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Stable financial performance over a decade, demonstrating resilience.
Spending Breakdown
How Service Professionals Independent Union Local 726 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 Service Professionals Independent Union Local 726
Is Service Professionals Independent Union Local 726 a legitimate charity?
Based on AI analysis of IRS 990 filings, Service Professionals Independent Union Local 726 (EIN: 134075932) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Service Professionals Independent Union Local 726 a good charity to donate to?
Service Professionals Independent Union Local 726 has a Mission Score of 90/100. Revenue: $8.9M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Service Professionals Independent Union Local 726?
The Employer Identification Number (EIN) for Service Professionals Independent Union Local 726 is 134075932. 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 Service Professionals Independent Union Local 726 spend its money?
Service Professionals Independent Union Local 726 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Service Professionals Independent Union Local 726's tax-exempt status?
You can verify Service Professionals Independent Union Local 726's tax-exempt status using EIN 134075932 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
Service Professionals Independent Union Local 726 demonstrates consistent financial growth and strong asset accumulation over the past decade. The organization's revenue has generally trended upwards, from $1,594,543 in 2014 to $2,021,247 in 2023, with a notable peak of $2,678,108 in 2018. Expenses have remained well below revenue, leading to significant net assets, which have grown from $1,605,478 in 2014 to $6,209,580 in 2023. This indicates sound financial management and an ability to build reserves. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing resources towards its mission rather than executive pay. The low liabilities relative to assets also suggest a healthy balance sheet.
While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the overall financial health appears robust. The consistent surplus of revenue over expenses allows for continued growth and investment in its mission. The absence of officer compensation is a significant positive for transparency and public trust. However, without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency across specific categories like programs versus overhead.
Overall, Service Professionals Independent Union Local 726 exhibits strong financial stability, consistent asset growth, and a commendable commitment to not compensating its officers, which enhances its transparency profile. Further detailed expense breakdowns would provide even greater insight into its operational efficiency.