Is United Furniture Workers Insurance Fund Legit?

Quick charity verification for United Furniture Workers Insurance Fund (EIN: 135547701)

Verdict: United Furniture Workers Insurance Fund appears trustworthy

85/100Mission Score

$61.7MRevenue

$37.8MAssets

1Red Flags

4Strengths

Red Flags

Historically high liabilities relative to assets, though this trend has improved in recent years (e.g., 202009 liabilities of $36,975,876 exceeded assets of $28,261,567).

Strengths

Consistent revenue surpluses, indicating sound financial management (e.g., $5.7 million surplus in 202309).
Strong and consistent asset growth over the past decade, from $9 million to over $35 million.
0% reported officer compensation, demonstrating high transparency and dedication of resources to the fund's purpose.
Consistent filing of IRS 990 forms, indicating good transparency practices.

Spending Breakdown

How United Furniture Workers Insurance Fund allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Furniture Workers Insurance Fund

Is United Furniture Workers Insurance Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, United Furniture Workers Insurance Fund (EIN: 135547701) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is United Furniture Workers Insurance Fund a good charity to donate to?

United Furniture Workers Insurance Fund has a Mission Score of 85/100. Revenue: $61.7M. Assets: $37.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for United Furniture Workers Insurance Fund?

The Employer Identification Number (EIN) for United Furniture Workers Insurance Fund is 135547701. 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 Furniture Workers Insurance Fund spend its money?

United Furniture Workers Insurance Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify United Furniture Workers Insurance Fund's tax-exempt status?

You can verify United Furniture Workers Insurance Fund's tax-exempt status using EIN 135547701 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 United Furniture Workers Insurance Fund appears to be a financially stable organization, consistently generating substantial revenue to cover its expenses. In the latest filing period (202309), the organization reported revenue of $57,825,109 against expenses of $52,111,001, indicating a healthy surplus. Over the past decade, the fund has shown significant growth in both revenue and assets, with revenue increasing from $22,307,985 in 201409 to $57,825,109 in 202309, and assets growing from $9,038,709 to $35,711,035 in the same period. This consistent growth suggests effective management of its insurance fund operations.

The organization's spending efficiency is generally good, as it consistently operates with a surplus, indicating that it is not overspending relative to its income. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the overall financial health suggests that the majority of expenses are likely directed towards its core insurance fund purpose. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, suggesting that the organization's leadership is not drawing salaries from the fund, which is a positive indicator for a nonprofit.

However, a notable point is the organization's liabilities, which have historically been high relative to its assets, though this trend has improved in recent years. For instance, in 202009, liabilities were $36,975,876 against assets of $28,261,567. While liabilities remain substantial at $28,052,761 in 202309, assets have grown to $35,711,035, showing a healthier balance sheet. The consistent filing of IRS 990 forms demonstrates a commitment to transparency, providing public access to its financial operations.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.