Quick charity verification for Teamsters Local 469 Welfare Fund (EIN: 221552880)
Verdict: Teamsters Local 469 Welfare Fund shows mixed signals
65/100Mission Score
$22.6MRevenue
$19.9MAssets
3Red Flags
2Strengths
Red Flags
100% of reported expenses are administrative, with no direct program or fundraising costs, which is highly unusual for a welfare fund.
Lack of transparency regarding how the 'welfare' aspect of the fund is delivered or what specific benefits are provided to members.
Consistent reporting of 0% for program and fundraising expenses across multiple years raises questions about the categorization of expenditures.
Strengths
Consistent revenue generation over several years, indicating a stable funding base.
Assets have shown growth in recent years, from $12,114,399 in 2016 to $19,073,434 in 2023.
Spending Breakdown
How Teamsters Local 469 Welfare Fund allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Teamsters Local 469 Welfare Fund
Is Teamsters Local 469 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Teamsters Local 469 Welfare Fund (EIN: 221552880) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Teamsters Local 469 Welfare Fund a good charity to donate to?
Teamsters Local 469 Welfare Fund has a Mission Score of 65/100. Revenue: $22.6M. Assets: $19.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Teamsters Local 469 Welfare Fund?
The Employer Identification Number (EIN) for Teamsters Local 469 Welfare Fund is 221552880. 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 Teamsters Local 469 Welfare Fund spend its money?
Teamsters Local 469 Welfare Fund allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Teamsters Local 469 Welfare Fund's tax-exempt status?
You can verify Teamsters Local 469 Welfare Fund's tax-exempt status using EIN 221552880 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
Teamsters Local 469 Welfare Fund is a unknown nonprofit based in Hazlet, New Jersey, with reported revenue of $22.6M and assets of $19.9M. Our AI analysis assigns a Mission Score of 65/100 (Good). Executive compensation is not explicitly detailed in the provided data, as all expenses are broadly categorized under administrative costs, making it impossible to assess specific individual salaries. Revenue has grown +19% across 13 filing periods.