Quick charity verification for Ufcw Local 2013 Health And Welfare Fund (EIN: 132832806)
Verdict: Ufcw Local 2013 Health And Welfare Fund appears trustworthy
90/100Mission Score
$51.7MRevenue
$80.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $28.7M in 2016 to $74.8M in 2023, indicating strong financial health.
Zero reported officer compensation across all filings, suggesting high efficiency and dedication of resources to beneficiaries.
Revenues consistently exceed expenses, demonstrating sound financial management and sustainability.
Low liabilities relative to assets, with liabilities at $3.3M against $74.8M in assets in 2023, indicating a strong balance sheet.
Clear and consistent IRS 990 filing history, enhancing transparency.
Spending Breakdown
How Ufcw Local 2013 Health And 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 Ufcw Local 2013 Health And Welfare Fund
Is Ufcw Local 2013 Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ufcw Local 2013 Health And Welfare Fund (EIN: 132832806) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Ufcw Local 2013 Health And Welfare Fund a good charity to donate to?
Ufcw Local 2013 Health And Welfare Fund has a Mission Score of 90/100. Revenue: $51.7M. Assets: $80.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ufcw Local 2013 Health And Welfare Fund?
The Employer Identification Number (EIN) for Ufcw Local 2013 Health And Welfare Fund is 132832806. 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 Ufcw Local 2013 Health And Welfare Fund spend its money?
Ufcw Local 2013 Health And Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ufcw Local 2013 Health And Welfare Fund's tax-exempt status?
You can verify Ufcw Local 2013 Health And Welfare Fund's tax-exempt status using EIN 132832806 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
Ufcw Local 2013 Health And Welfare Fund demonstrates a strong and consistent financial position, primarily due to its nature as a health and welfare fund. Over the past eight years, the organization has consistently reported revenues exceeding expenses, leading to a significant growth in assets from $28.7 million in 2016 to $74.8 million in 2023. This indicates sound financial management and an ability to build reserves to meet future obligations. The fund's primary purpose is to provide health and welfare benefits, which inherently means a high proportion of its spending is directly on program services.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive compensation is not a significant drain on resources, or that the fund's structure does not involve traditional 'officer' compensation as reported on the 990. This practice contributes positively to its perceived efficiency and dedication to its beneficiaries. The substantial growth in assets, particularly the jump from $61.9 million in 2022 to $74.8 million in 2023, alongside a revenue increase from $33.6 million to $40.6 million in the same period, further underscores its robust financial health and capacity to fulfill its mission.