Quick charity verification for Steamfitters Industry Educational Fund (EIN: 131919703)
Verdict: Steamfitters Industry Educational Fund appears trustworthy
85/100Mission Score
$4.1MRevenue
$22.7MAssets
3Red Flags
4Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $1.19M in 2023, $1.35M in 2022) where expenses exceed revenue.
Significant increase in liabilities from $46,540 in 2021 to $3,353,776 in 2023, which needs further explanation.
Unusual consistent reporting of 0% officer compensation for an organization of this size, which might indicate compensation is handled off-book or by a related entity.
Strengths
Strong program spending ratio, consistently above 80% of total expenses.
Substantial and growing asset base, reaching $24.07M in 2023, providing a strong financial foundation.
Consistent filing history demonstrating transparency and adherence to regulatory requirements.
No reported officer compensation, indicating a potentially very lean administrative cost structure for executive leadership.
Spending Breakdown
How Steamfitters Industry Educational Fund allocates its funds across programs, administration, and fundraising.
82%
Program Spending
Healthy — majority goes to mission
13%
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 Steamfitters Industry Educational Fund
Is Steamfitters Industry Educational Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Steamfitters Industry Educational Fund (EIN: 131919703) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Steamfitters Industry Educational Fund a good charity to donate to?
Steamfitters Industry Educational Fund has a Mission Score of 85/100. Revenue: $4.1M. Assets: $22.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steamfitters Industry Educational Fund?
The Employer Identification Number (EIN) for Steamfitters Industry Educational Fund is 131919703. 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 Steamfitters Industry Educational Fund spend its money?
Steamfitters Industry Educational Fund allocates 82% to programs, 13% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steamfitters Industry Educational Fund's tax-exempt status?
You can verify Steamfitters Industry Educational Fund's tax-exempt status using EIN 131919703 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 Steamfitters Industry Educational Fund demonstrates a consistent commitment to its educational mission, as evidenced by its program spending. Over the past three years (2021-2023), the organization has consistently spent more than 80% of its total expenses on program services, indicating a strong focus on its core activities. However, the organization has experienced operating deficits in recent years, with expenses exceeding revenue by approximately $1.19 million in 2023 and $1.35 million in 2022. While assets remain substantial at over $24 million in 2023, these deficits warrant monitoring to ensure long-term financial stability.
The organization's financial health shows a mixed picture. While assets have grown significantly over the past decade, from $10.6 million in 2014 to $24 million in 2023, the recent trend of expenses outpacing revenue could erode these reserves if not addressed. The absence of reported officer compensation across all filings suggests a lean administrative structure regarding executive pay, contributing to efficient use of funds in that area. Transparency is high, with consistent annual filings available for public review.
Spending efficiency is generally strong, with a high proportion of expenses dedicated to programs. The organization's ability to maintain significant assets despite recent operating deficits suggests a robust financial foundation built over time. However, the increasing liabilities, from $46,540 in 2021 to $3,353,776 in 2023, should be closely watched as they represent a growing financial obligation.