Is Educational And Cultural Trust Fund Of The Electrical Industry Legit?
Quick charity verification for Educational And Cultural Trust Fund Of The Electrical Industry (EIN: 116035960)
Verdict: Educational And Cultural Trust Fund Of The Electrical Industry appears trustworthy
85/100Mission Score
$100.9MRevenue
$85.8MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, which limits understanding of its specific programmatic focus.
Strengths
Consistent reporting of 0% officer compensation across all filings.
Strong financial stability with assets significantly exceeding liabilities (e.g., $80,608,199 assets vs. $14,790,807 liabilities in 202309).
Prudent expense management, with expenses consistently below or very close to revenue.
Long history of consistent IRS 990 filings, indicating good transparency and compliance.
Healthy revenue generation, averaging around $25 million annually over the past decade.
Spending Breakdown
How Educational And Cultural Trust Fund Of The Electrical Industry 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 Educational And Cultural Trust Fund Of The Electrical Industry
Is Educational And Cultural Trust Fund Of The Electrical Industry a legitimate charity?
Based on AI analysis of IRS 990 filings, Educational And Cultural Trust Fund Of The Electrical Industry (EIN: 116035960) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Educational And Cultural Trust Fund Of The Electrical Industry a good charity to donate to?
Educational And Cultural Trust Fund Of The Electrical Industry has a Mission Score of 85/100. Revenue: $100.9M. Assets: $85.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Educational And Cultural Trust Fund Of The Electrical Industry?
The Employer Identification Number (EIN) for Educational And Cultural Trust Fund Of The Electrical Industry is 116035960. 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 Educational And Cultural Trust Fund Of The Electrical Industry spend its money?
Educational And Cultural Trust Fund Of The Electrical Industry allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Educational And Cultural Trust Fund Of The Electrical Industry's tax-exempt status?
You can verify Educational And Cultural Trust Fund Of The Electrical Industry's tax-exempt status using EIN 116035960 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 Educational And Cultural Trust Fund Of The Electrical Industry demonstrates consistent financial stability with substantial assets and a history of managing expenses below revenue. In the latest filing (202309), the organization reported revenues of $22,944,112 against expenses of $22,825,700, indicating a balanced operational year. The organization consistently maintains a healthy asset base, with assets of $80,608,199 in 202309, significantly exceeding its liabilities of $14,790,807. This strong financial position suggests good stewardship of resources.
Regarding spending efficiency, the absence of reported officer compensation across all available filings is a notable positive indicator of efficient resource allocation, as it suggests that a greater proportion of funds can be directed towards programmatic activities. While specific program spending ratios are not detailed in the provided data, the overall expense management appears prudent. The organization's consistent revenue generation, averaging around $25 million annually over the past decade, supports its long-term sustainability.
From a transparency perspective, the consistent filing of IRS Form 990s over 13 periods is a strong indicator of compliance and public accountability. The lack of reported officer compensation also contributes to a perception of transparency and a focus on mission over executive enrichment. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency and program impact is limited.