Is Ufcw Local 342 Safety Educational Cultural And Activities Fund Legit?

Quick charity verification for Ufcw Local 342 Safety Educational Cultural And Activities Fund (EIN: 112447683)

Verdict: Ufcw Local 342 Safety Educational Cultural And Activities Fund appears trustworthy

75/100Mission Score
$2.7MRevenue
$3.8MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Ufcw Local 342 Safety Educational Cultural And Activities Fund allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 342 Safety Educational Cultural And Activities Fund

Is Ufcw Local 342 Safety Educational Cultural And Activities Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Ufcw Local 342 Safety Educational Cultural And Activities Fund (EIN: 112447683) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Ufcw Local 342 Safety Educational Cultural And Activities Fund a good charity to donate to?

Ufcw Local 342 Safety Educational Cultural And Activities Fund has a Mission Score of 75/100. Revenue: $2.7M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ufcw Local 342 Safety Educational Cultural And Activities Fund?

The Employer Identification Number (EIN) for Ufcw Local 342 Safety Educational Cultural And Activities Fund is 112447683. 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 342 Safety Educational Cultural And Activities Fund spend its money?

Ufcw Local 342 Safety Educational Cultural And Activities Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ufcw Local 342 Safety Educational Cultural And Activities Fund's tax-exempt status?

You can verify Ufcw Local 342 Safety Educational Cultural And Activities Fund's tax-exempt status using EIN 112447683 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 UFCW Local 342 Safety Educational Cultural And Activities Fund demonstrates consistent revenue generation, with its latest reported revenue at $2,694,347. The organization's assets have shown steady growth over the past decade, increasing from $1,090,540 in 2014 to $3,751,244 currently, indicating financial stability and accumulation of resources. However, the most recent filing (202312) shows expenses of $2,787,282 exceeding revenue of $2,683,657, resulting in a deficit for that period. This marks a shift from previous years where revenue generally outpaced expenses, contributing to asset growth. While the organization's financial health appears generally stable with growing assets, the recent deficit warrants attention. The absence of reported officer compensation across all filings suggests a lean administrative structure or that compensation is handled through other means not captured in this specific line item, which could be a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting its mission. Transparency regarding the allocation of expenses is crucial for a comprehensive financial assessment. The consistent growth in assets over time, despite some fluctuations in annual net income, suggests prudent financial management in the long term. The low liabilities relative to assets also points to a healthy balance sheet. Further detail on how the $2.7 million in expenses is distributed would enhance understanding of its operational efficiency and program impact.

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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