Is Welfare Fund Heat And Frost Insulators Local 12 Legit?
Quick charity verification for Welfare Fund Heat And Frost Insulators Local 12 (EIN: 116302784)
Verdict: Welfare Fund Heat And Frost Insulators Local 12 appears trustworthy
75/100Mission Score
$38.4MRevenue
$31.5MAssets
3Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the last two reporting periods (2022 and 2023), indicating operating deficits.
NTEE code is unknown, making it difficult to benchmark against similar organizations.
Lack of detailed program spending breakdown in the provided data limits full efficiency assessment.
Strengths
Strong and growing asset base, increasing from $14 million in 2014 to over $30 million recently.
Consistent revenue generation over the past decade, generally in the $15-19 million range.
Reported 0% officer compensation across all filings, suggesting efficient use of funds at the leadership level.
Spending Breakdown
How Welfare Fund Heat And Frost Insulators Local 12 allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Welfare Fund Heat And Frost Insulators Local 12
Is Welfare Fund Heat And Frost Insulators Local 12 a legitimate charity?
Based on AI analysis of IRS 990 filings, Welfare Fund Heat And Frost Insulators Local 12 (EIN: 116302784) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Welfare Fund Heat And Frost Insulators Local 12 a good charity to donate to?
Welfare Fund Heat And Frost Insulators Local 12 has a Mission Score of 75/100. Revenue: $38.4M. Assets: $31.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Welfare Fund Heat And Frost Insulators Local 12?
The Employer Identification Number (EIN) for Welfare Fund Heat And Frost Insulators Local 12 is 116302784. 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 Welfare Fund Heat And Frost Insulators Local 12 spend its money?
Welfare Fund Heat And Frost Insulators Local 12 allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Welfare Fund Heat And Frost Insulators Local 12's tax-exempt status?
You can verify Welfare Fund Heat And Frost Insulators Local 12's tax-exempt status using EIN 116302784 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 Welfare Fund Heat And Frost Insulators Local 12 demonstrates consistent financial activity, with revenues and expenses generally in the range of $15 million to $19 million over the past decade. The organization's assets have shown steady growth, increasing from $14 million in 2014 to over $30 million in recent years, indicating a healthy accumulation of resources. However, the most recent two periods (2022 and 2023) show expenses exceeding revenue, with a deficit of $1.6 million in 2023 and $1.3 million in 2022. This trend warrants monitoring to ensure long-term financial stability, although the substantial asset base provides a buffer.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational scale suggests established processes. The absence of reported officer compensation across all filings is a notable point for transparency, indicating either a volunteer leadership structure or compensation being reported under other categories, which would require further investigation for complete clarity.
Overall, the organization appears financially stable with a strong asset base, but recent operating deficits suggest a need to review revenue generation or expense management. The lack of officer compensation is a positive indicator for resource allocation, assuming all relevant compensation is indeed zero or reported elsewhere transparently.