Is Teamsters Local Union No 408 I B Of T Welfare Fund Legit?
Quick charity verification for Teamsters Local Union No 408 I B Of T Welfare Fund (EIN: 221668940)
Verdict: Teamsters Local Union No 408 I B Of T Welfare Fund shows mixed signals
65/100Mission Score
$15.9MRevenue
$13.4MAssets
3Red Flags
2Strengths
Red Flags
Zero reported program service expenses (0%) raises significant concerns about the fund's direct benefit to members.
Consistent net losses (expenses exceeding revenue) over multiple years (e.g., $3,864,102 revenue vs. $4,214,050 expenses in 2023) are unsustainable.
The substantial increase in liabilities to $494,406 in 2023 warrants further investigation.
Strengths
The fund maintains a significant asset base, with $12,727,013 in assets reported for 2023.
Assets have remained relatively stable over the past several years, despite operational losses.
Spending Breakdown
How Teamsters Local Union No 408 I B Of T 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 Union No 408 I B Of T Welfare Fund
Is Teamsters Local Union No 408 I B Of T Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Teamsters Local Union No 408 I B Of T Welfare Fund (EIN: 221668940) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Teamsters Local Union No 408 I B Of T Welfare Fund a good charity to donate to?
Teamsters Local Union No 408 I B Of T Welfare Fund has a Mission Score of 65/100. Revenue: $15.9M. Assets: $13.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Teamsters Local Union No 408 I B Of T Welfare Fund?
The Employer Identification Number (EIN) for Teamsters Local Union No 408 I B Of T Welfare Fund is 221668940. 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 Union No 408 I B Of T Welfare Fund spend its money?
Teamsters Local Union No 408 I B Of T 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 Union No 408 I B Of T Welfare Fund's tax-exempt status?
You can verify Teamsters Local Union No 408 I B Of T Welfare Fund's tax-exempt status using EIN 221668940 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 Union No 408 I B Of T Welfare Fund is a unknown nonprofit based in Union, New Jersey, with reported revenue of $15.9M and assets of $13.4M. Our AI analysis assigns a Mission Score of 65/100 (Good). Executive compensation cannot be assessed as specific figures for individual executives are not provided in the summarized data. Revenue has declined -39% across 13 filing periods.