Quick charity verification for Ibew 363 Labor Welfare Fund (EIN: 136132502)
Verdict: Ibew 363 Labor Welfare Fund appears trustworthy
90/100Mission Score
$51.9MRevenue
$61.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $15.2M in 2014 to $32.2M in 2023.
Strong asset accumulation, growing from $11.6M in 2014 to $55.6M in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
Expenses consistently lower than revenue, demonstrating sound financial management.
Healthy asset-to-liability ratio, with assets of $55.6M against liabilities of $10.2M in 2023.
Spending Breakdown
How Ibew 363 Labor 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 Ibew 363 Labor Welfare Fund
Is Ibew 363 Labor Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew 363 Labor Welfare Fund (EIN: 136132502) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Ibew 363 Labor Welfare Fund a good charity to donate to?
Ibew 363 Labor Welfare Fund has a Mission Score of 90/100. Revenue: $51.9M. Assets: $61.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibew 363 Labor Welfare Fund?
The Employer Identification Number (EIN) for Ibew 363 Labor Welfare Fund is 136132502. 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 Ibew 363 Labor Welfare Fund spend its money?
Ibew 363 Labor Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibew 363 Labor Welfare Fund's tax-exempt status?
You can verify Ibew 363 Labor Welfare Fund's tax-exempt status using EIN 136132502 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
Ibew 363 Labor Welfare Fund demonstrates consistent financial growth and stability over the past decade. The organization's revenue has steadily increased from $15.2 million in 2014 to $32.2 million in 2023, with assets growing from $11.6 million to $55.6 million in the same period. This indicates effective management of its financial resources and a strong capacity to meet its obligations. The fund consistently reports zero officer compensation, which is a positive indicator of its commitment to directing resources towards its mission rather than executive salaries.
The organization's spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For example, in 2023, expenses were $27.8 million against $32.2 million in revenue. As a labor welfare fund, its primary 'program' spending would be direct benefits to members, which typically constitutes the vast majority of its expenditures. The absence of reported officer compensation further supports an efficient operational model. Transparency is high given the consistent filing of IRS Form 990s and the clear financial trends.
Overall, Ibew 363 Labor Welfare Fund exhibits strong financial health, efficient spending practices, and a high degree of transparency through its public filings. The consistent growth in assets and revenue, coupled with responsible expense management and no executive compensation, paints a picture of a well-managed and mission-focused organization.