Is Theatrical Teamsters Local 817 Welfare Fund Legit?
Quick charity verification for Theatrical Teamsters Local 817 Welfare Fund (EIN: 136210566)
Verdict: Theatrical Teamsters Local 817 Welfare Fund appears trustworthy
85/100Mission Score
$77.2MRevenue
$98.6MAssets
2Red Flags
4Strengths
Red Flags
Significant operational deficit in 2023 ($29.7 million) where expenses ($58,261,216) far exceeded revenue ($28,567,402).
Unusually low and consistently 0% reported officer compensation for an organization of this financial scale, which may obscure actual leadership compensation structures.
Strengths
Strong and consistent asset base, with assets generally exceeding $70 million, providing financial stability.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent history of IRS 990 filings, demonstrating a commitment to transparency in reporting.
Primary spending appears to be on its core purpose (benefits), as indicated by high overall expenses relative to administrative overhead.
Spending Breakdown
How Theatrical Teamsters Local 817 Welfare Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Theatrical Teamsters Local 817 Welfare Fund
Is Theatrical Teamsters Local 817 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Theatrical Teamsters Local 817 Welfare Fund (EIN: 136210566) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Theatrical Teamsters Local 817 Welfare Fund a good charity to donate to?
Theatrical Teamsters Local 817 Welfare Fund has a Mission Score of 85/100. Revenue: $77.2M. Assets: $98.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Theatrical Teamsters Local 817 Welfare Fund?
The Employer Identification Number (EIN) for Theatrical Teamsters Local 817 Welfare Fund is 136210566. 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 Theatrical Teamsters Local 817 Welfare Fund spend its money?
Theatrical Teamsters Local 817 Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Theatrical Teamsters Local 817 Welfare Fund's tax-exempt status?
You can verify Theatrical Teamsters Local 817 Welfare Fund's tax-exempt status using EIN 136210566 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 Theatrical Teamsters Local 817 Welfare Fund demonstrates a generally stable financial position with significant assets, though recent filings show fluctuations in revenue and expenses. In 2023, the organization reported revenue of $28,567,402 against expenses of $58,261,216, indicating a substantial deficit for that period. This contrasts with 2022, where revenue of $52,108,463 exceeded expenses of $46,746,323. The fund consistently maintains a strong asset base, with $74,803,845 in assets in 2023 and $96,982,997 in 2022, significantly outweighing its liabilities.
The organization's financial health appears robust due to its substantial asset reserves, which can absorb periods of operational deficits. However, the significant expense increase in 2023 relative to revenue warrants closer examination to understand the underlying causes. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in that specific area, which is a positive indicator for spending efficiency. Given its nature as a welfare fund, its primary 'program' spending would be on benefits, which is reflected in its high overall expenses.