Is United Wire Metal & Machine Health & Welfare Fund Legit?
Quick charity verification for United Wire Metal & Machine Health & Welfare Fund (EIN: 135608135)
Verdict: United Wire Metal & Machine Health & Welfare Fund appears trustworthy
85/100Mission Score
$60.4MRevenue
$83.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding revenue, which while potentially managed by investment income or asset drawdowns, warrants closer examination of long-term sustainability if not offset by other income streams.
Strengths
Zero officer compensation reported across all filings, indicating excellent financial stewardship and dedication to mission.
Substantial asset base (over $80 million consistently) provides strong financial stability and capacity to meet future obligations.
Consistent filing of IRS Form 990s demonstrates adherence to regulatory transparency requirements.
As a health and welfare fund, its primary expenditures are inherently programmatic, directly benefiting its members.
Spending Breakdown
How United Wire Metal & Machine Health & Welfare 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 Wire Metal & Machine Health & Welfare Fund
Is United Wire Metal & Machine Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, United Wire Metal & Machine Health & Welfare Fund (EIN: 135608135) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is United Wire Metal & Machine Health & Welfare Fund a good charity to donate to?
United Wire Metal & Machine Health & Welfare Fund has a Mission Score of 85/100. Revenue: $60.4M. Assets: $83.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Wire Metal & Machine Health & Welfare Fund?
The Employer Identification Number (EIN) for United Wire Metal & Machine Health & Welfare Fund is 135608135. 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 Wire Metal & Machine Health & Welfare Fund spend its money?
United Wire Metal & Machine Health & Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Wire Metal & Machine Health & Welfare Fund's tax-exempt status?
You can verify United Wire Metal & Machine Health & Welfare Fund's tax-exempt status using EIN 135608135 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 Wire Metal & Machine Health & Welfare Fund demonstrates consistent financial operations, primarily focused on providing health and welfare benefits. Over the past several years, the organization's expenses have generally exceeded its revenue, as seen in 2023 where expenses were $42,182,834 against revenues of $38,772,373. This trend suggests that the fund may be drawing down on its assets or relying on investment income not fully captured in the 'Revenue' figure to cover its benefit obligations. The fund maintains substantial assets, reported at $86,487,621 in 2023, which provides a strong financial cushion for its operations and future liabilities.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a health and welfare fund, the vast majority of its expenditures are inherently programmatic (benefit payments). The consistent reporting of 0% officer compensation across all available filings indicates a high degree of financial prudence regarding executive pay, suggesting that the fund's leadership is not drawing salaries from the organization. This practice enhances the fund's ability to direct resources towards its primary mission.
Transparency appears to be strong regarding executive compensation, with no reported officer compensation. However, without a detailed functional expense breakdown, it's challenging to fully evaluate the efficiency of its operational spending beyond the direct benefit payments. The consistent filing of IRS Form 990s over many years indicates adherence to regulatory reporting requirements, contributing to overall transparency.