Is United Food & Commercial Workers Local 1000 Okla Health & Welf Fund Legit?
Quick charity verification for United Food & Commercial Workers Local 1000 Okla Health & Welf Fund (EIN: 20642001)
Verdict: United Food & Commercial Workers Local 1000 Okla Health & Welf Fund appears trustworthy
90/100Mission Score
$22.2MRevenue
$12.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses in recent years (e.g., 2023 revenue $9,193,769 vs. expenses $8,930,945).
Significant growth in assets from $2,891,198 in 2018 to $12,402,918 in 2023.
0% reported officer compensation across all available filings, indicating high efficiency and mission focus.
Strong asset-to-liability ratio, with assets of $12,402,918 significantly exceeding liabilities of $1,648,259 in 2023.
Spending Breakdown
How United Food & Commercial Workers Local 1000 Okla Health & Welf 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 United Food & Commercial Workers Local 1000 Okla Health & Welf Fund
Is United Food & Commercial Workers Local 1000 Okla Health & Welf Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, United Food & Commercial Workers Local 1000 Okla Health & Welf Fund (EIN: 20642001) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is United Food & Commercial Workers Local 1000 Okla Health & Welf Fund a good charity to donate to?
United Food & Commercial Workers Local 1000 Okla Health & Welf Fund has a Mission Score of 90/100. Revenue: $22.2M. Assets: $12.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Food & Commercial Workers Local 1000 Okla Health & Welf Fund?
The Employer Identification Number (EIN) for United Food & Commercial Workers Local 1000 Okla Health & Welf Fund is 20642001. 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 United Food & Commercial Workers Local 1000 Okla Health & Welf Fund spend its money?
United Food & Commercial Workers Local 1000 Okla Health & Welf Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Food & Commercial Workers Local 1000 Okla Health & Welf Fund's tax-exempt status?
You can verify United Food & Commercial Workers Local 1000 Okla Health & Welf Fund's tax-exempt status using EIN 20642001 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
United Food & Commercial Workers Local 1000 Okla Health & Welf Fund demonstrates consistent financial stability, with revenues generally exceeding expenses in recent years. For example, in 2023, revenue was $9,193,769 against expenses of $8,930,945, indicating a surplus. The organization's assets have also shown significant growth, increasing from $2,891,198 in 2018 to $12,402,918 in 2023, suggesting prudent financial management and accumulation of reserves.
The spending efficiency appears strong, particularly given the nature of a health and welfare fund where the majority of expenses are typically direct benefit payments. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the organization's purpose rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the overall financial health and lack of executive compensation suggest a focus on its mission.