Quick charity verification for Smart Local Union No 28 (EIN: 135388240)
Verdict: Smart Local Union No 28 appears trustworthy
85/100Mission Score
$11.5MRevenue
$12.5MAssets
1Red Flags
4Strengths
Red Flags
0% officer compensation reported, which is unusual for an organization of this size and may indicate compensation is reported elsewhere or a fully volunteer executive team, requiring further clarification for complete transparency.
Strengths
Consistent revenue generation exceeding expenses, leading to financial surpluses.
Steady growth in assets over the past decade, indicating strong financial health.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
Spending Breakdown
How Smart Local Union No 28 allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Smart Local Union No 28
Is Smart Local Union No 28 a legitimate charity?
Based on AI analysis of IRS 990 filings, Smart Local Union No 28 (EIN: 135388240) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Smart Local Union No 28 a good charity to donate to?
Smart Local Union No 28 has a Mission Score of 85/100. Revenue: $11.5M. Assets: $12.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Smart Local Union No 28?
The Employer Identification Number (EIN) for Smart Local Union No 28 is 135388240. 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 Smart Local Union No 28 spend its money?
Smart Local Union No 28 allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Smart Local Union No 28's tax-exempt status?
You can verify Smart Local Union No 28's tax-exempt status using EIN 135388240 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
Smart Local Union No 28 demonstrates consistent financial activity with annual revenues generally exceeding expenses, contributing to a steady growth in assets over the past several years. For instance, in 2023, the organization reported revenues of $10,973,208 against expenses of $9,751,852, resulting in a surplus that bolstered its assets to $11,759,522. This trend of positive net income is a strong indicator of financial stability and prudent management.
The organization's financial health appears robust, with assets consistently growing from $6,321,383 in 2015 to $11,759,522 in 2023. Liabilities have remained relatively low compared to assets, indicating a healthy balance sheet. A notable aspect of its financial management is the reported 0% officer compensation across all available filings, which suggests a commitment to directing funds towards its mission rather than executive salaries. This practice enhances its spending efficiency and transparency.
While specific program spending percentages are not detailed in the provided data, the consistent surpluses and lack of executive compensation suggest a focus on its operational objectives. The organization's consistent filing of IRS Form 990s over 12 periods also points to a commitment to regulatory compliance and transparency, allowing for public scrutiny of its financial activities.