Quick charity verification for Electrical Workers Benefit Society (EIN: 135671180)
Verdict: Electrical Workers Benefit Society appears trustworthy
92/100Mission Score
$46.2MRevenue
$64.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $4,204,468 revenue vs. $2,595,998 expenses in 2023).
Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Steady growth in assets, from $54,594,376 in 2015 to $61,657,382 in 2023, demonstrating financial stability.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $61,657,382 assets vs. $720,925 liabilities in 2023).
Spending Breakdown
How Electrical Workers Benefit Society allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Electrical Workers Benefit Society
Is Electrical Workers Benefit Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Electrical Workers Benefit Society (EIN: 135671180) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Electrical Workers Benefit Society a good charity to donate to?
Electrical Workers Benefit Society has a Mission Score of 92/100. Revenue: $46.2M. Assets: $64.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Electrical Workers Benefit Society?
The Employer Identification Number (EIN) for Electrical Workers Benefit Society is 135671180. 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 Electrical Workers Benefit Society spend its money?
Electrical Workers Benefit Society allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Electrical Workers Benefit Society's tax-exempt status?
You can verify Electrical Workers Benefit Society's tax-exempt status using EIN 135671180 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 Electrical Workers Benefit Society demonstrates consistent financial stability, with assets steadily growing over the past decade, reaching $61,657,382 in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most years, for example, $4,204,468 in revenue against $2,595,998 in expenses in 2023. This indicates sound financial management and the ability to cover operational costs while building reserves. The absence of reported officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency. While specific program spending percentages are not detailed in the provided data, the overall financial health appears robust, with a healthy asset-to-liability ratio.