Is U A Local 716 Apprenticeship And Training Trust Legit?

Quick charity verification for U A Local 716 Apprenticeship And Training Trust (EIN: 10462738)

Verdict: U A Local 716 Apprenticeship And Training Trust appears trustworthy

85/100Mission Score
$330KRevenue
$802KAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How U A Local 716 Apprenticeship And Training Trust allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 U A Local 716 Apprenticeship And Training Trust

Is U A Local 716 Apprenticeship And Training Trust a legitimate charity?

Based on AI analysis of IRS 990 filings, U A Local 716 Apprenticeship And Training Trust (EIN: 10462738) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is U A Local 716 Apprenticeship And Training Trust a good charity to donate to?

U A Local 716 Apprenticeship And Training Trust has a Mission Score of 85/100. Revenue: $330K. Assets: $802K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for U A Local 716 Apprenticeship And Training Trust?

The Employer Identification Number (EIN) for U A Local 716 Apprenticeship And Training Trust is 10462738. 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 U A Local 716 Apprenticeship And Training Trust spend its money?

U A Local 716 Apprenticeship And Training Trust allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify U A Local 716 Apprenticeship And Training Trust's tax-exempt status?

You can verify U A Local 716 Apprenticeship And Training Trust's tax-exempt status using EIN 10462738 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

U A Local 716 Apprenticeship And Training Trust appears to be in a stable financial position, consistently maintaining significant assets relative to its annual revenue and expenses. For instance, in 2023, with revenue of $305,665 and expenses of $390,251, the organization held assets of $875,745. While expenses exceeded revenue in 2023 and 2022, this is not necessarily a red flag given the substantial asset base, which can absorb such fluctuations. The organization's NTEE code B30 indicates a focus on vocational training, which aligns with its name. The consistent reporting of 0% officer compensation across all available filings suggests a lean administrative structure regarding executive pay, contributing positively to its spending efficiency. The organization demonstrates a strong commitment to its program services, as evidenced by the spending breakdown. The primary financial activity revolves around its core mission of apprenticeship and training. The consistent filing of IRS Form 990s over 13 periods indicates good transparency practices. However, the recent trend of expenses exceeding revenue, such as in 2023 where expenses were $390,251 against revenues of $305,665, warrants monitoring to ensure long-term sustainability, even with a healthy asset base. The organization's liabilities have generally decreased over time, from $211,730 in 2014 to $7,994 in 2023, which is a positive indicator of financial management.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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