Is Washington Gas Light Company Union Veba…

Quick charity verification for Washington Gas Light Company Union Veba Trust (EIN: 133810146)

Strengths

Consistent reporting of zero liabilities across all filings, indicating strong financial health.
No officer compensation reported, suggesting highly efficient use of funds for its intended purpose.
Substantial and growing asset base, reaching $355,426,372 in 2023.
Stable expense management relative to fluctuating revenue, demonstrating operational control.
Extensive filing history (14 filings) indicating strong transparency and compliance.

Spending Breakdown

How Washington Gas Light Company Union Veba Trust allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Washington Gas Light Company Union Veba Trust

Is Washington Gas Light Company Union Veba Trust a legitimate charity?

Based on AI analysis of IRS 990 filings, Washington Gas Light Company Union Veba Trust (EIN: 133810146) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Washington Gas Light Company Union Veba Trust a good charity to donate to?

Washington Gas Light Company Union Veba Trust has a Mission Score of 95/100. Revenue: $63.3M. Assets: $361.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Washington Gas Light Company Union Veba Trust?

The Employer Identification Number (EIN) for Washington Gas Light Company Union Veba Trust is 133810146. 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 Washington Gas Light Company Union Veba Trust spend its money?

Washington Gas Light Company Union Veba Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Washington Gas Light Company Union Veba Trust's tax-exempt status?

You can verify Washington Gas Light Company Union Veba Trust's tax-exempt status using EIN 133810146 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 Washington Gas Light Company Union Veba Trust demonstrates consistent financial health, primarily functioning as a VEBA (Voluntary Employees' Beneficiary Association) trust, which typically involves managing assets for employee benefits. Over the past decade, the trust has maintained substantial assets, peaking at $430,365,054 in 2021 and currently holding $355,426,372 as of 2023. Its revenue streams have fluctuated, with the latest reported revenue at $15,991,205 in 2023, while expenses have remained relatively stable, ranging from $6,945,475 to $12,117,875 annually. This indicates a well-managed financial structure designed to preserve and grow assets for its beneficiaries.

Spending efficiency is high, as the trust's primary function is to hold and disburse funds for employee benefits, rather than engage in traditional programmatic spending or fundraising. The absence of reported officer compensation across all filings suggests a lean operational model, further contributing to efficiency. The consistent reporting of zero liabilities across all periods is a strong indicator of financial stability and responsible asset management, minimizing financial risk.

Transparency appears to be robust, with 14 filings available, demonstrating a consistent commitment to public disclosure. The clear financial statements, including revenue, expenses, assets, and liabilities, provide a comprehensive overview of the trust's financial activities. The lack of officer compensation also simplifies the analysis of how funds are allocated, reinforcing a focus on the trust's core purpose of beneficiary support.

Is Washington Gas Light Company Union Veba Trust Legit?

Verdict: Washington Gas Light Company Union Veba Trust appears trustworthy

Red Flags