Quick charity verification for Union Workers Benefit Tr (EIN: 10501407)
Verdict: Union Workers Benefit Tr appears trustworthy
85/100Mission Score
$5.6MRevenue
$2.1MAssets
3Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
NTEE code is unknown, making it difficult to benchmark against similar organizations
Consistent 0% officer compensation for an organization of this size is unusual and warrants further inquiry into leadership structure and compensation practices.
Strengths
Consistent financial stability with revenues closely matching expenses over a decade.
Steady growth in assets, nearly doubling from $1,085,642 in 2014 to $2,041,822 in 2023.
No reported officer compensation, suggesting a strong commitment to mission-driven spending.
Long filing history (13 filings) indicates consistent compliance and transparency in reporting.
Spending Breakdown
How Union Workers Benefit Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Union Workers Benefit Tr
Is Union Workers Benefit Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Workers Benefit Tr (EIN: 10501407) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Union Workers Benefit Tr a good charity to donate to?
Union Workers Benefit Tr has a Mission Score of 85/100. Revenue: $5.6M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Union Workers Benefit Tr?
The Employer Identification Number (EIN) for Union Workers Benefit Tr is 10501407. 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 Union Workers Benefit Tr spend its money?
Union Workers Benefit Tr allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Union Workers Benefit Tr's tax-exempt status?
You can verify Union Workers Benefit Tr's tax-exempt status using EIN 10501407 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
Union Workers Benefit Tr demonstrates consistent financial activity, with revenues and expenses closely aligned over the past decade. For instance, in 2023, revenues were $5,224,310 against expenses of $5,334,870, indicating that the organization spends nearly all its income on its operations. The organization's assets have shown steady growth, from $1,085,642 in 2014 to $2,041,822 in 2023, suggesting a stable financial foundation. However, without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for transparency and donor trust.
The organization's financial health appears stable, with a slight deficit in the most recent year (2023) of $110,560, which is not uncommon for nonprofits operating close to their budget. The consistent growth in assets, nearly doubling over ten years, suggests prudent financial management and an ability to build reserves. The lack of reported officer compensation is a significant indicator of financial transparency and a focus on mission-driven spending. To fully assess spending efficiency, more granular expense data would be beneficial, but the overall trend suggests a well-managed organization that prioritizes its beneficiaries.