Is Union Building Fund Legit?

The Union Building Fund demonstrates consistent financial operations, with revenues and expenses generally in a similar range over the past several years. In the latest period (202312), the organization reported revenue of $479,140 against expenses of $540,240, indicating a deficit for the year. This trend of expenses exceeding revenue has been observed in multiple recent periods, such as 202212 ($439,140 revenue vs. $526,432 expenses) and 202112 ($439,140 revenue vs. $512,487 expenses). While the organization holds substantial assets ($3,841,237 in 202312), the consistent operational deficits warrant attention to ensure long-term sustainability. The organization's transparency is bolstered by its consistent filing history, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available periods, which suggests either a volunteer-led executive team or compensation being reported under other expense categories. Further detail on the allocation of expenses would provide a clearer picture of spending efficiency. The NTEE code S47 (Labor Unions) suggests a specific programmatic focus, and understanding how the expenses align with this mission is key to assessing efficiency. Overall, the Union Building Fund appears to be a stable organization with significant assets, but it faces a challenge in consistently operating with expenses exceeding revenues in recent years. The lack of reported officer compensation is a positive indicator for donor confidence regarding executive pay, but a more detailed breakdown of expenses would enhance the assessment of spending efficiency and program impact.