Is Ibew Local 665 Supplemental Unemployment Benefit Fund Legit?
Quick charity verification for Ibew Local 665 Supplemental Unemployment Benefit Fund (EIN: 141997844)
Verdict: Ibew Local 665 Supplemental Unemployment Benefit Fund appears trustworthy
90/100Mission Score
$1.8MRevenue
$3.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
Consistently high program spending ratio (estimated 95%), directly benefiting its members.
Strong and growing asset base, increasing from $1.6M in 2014 to over $3.1M in 2023, providing financial stability.
Low liabilities relative to assets, suggesting prudent financial management.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Spending Breakdown
How Ibew Local 665 Supplemental Unemployment Benefit 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 Local 665 Supplemental Unemployment Benefit Fund
Is Ibew Local 665 Supplemental Unemployment Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew Local 665 Supplemental Unemployment Benefit Fund (EIN: 141997844) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Ibew Local 665 Supplemental Unemployment Benefit Fund a good charity to donate to?
Ibew Local 665 Supplemental Unemployment Benefit Fund has a Mission Score of 90/100. Revenue: $1.8M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibew Local 665 Supplemental Unemployment Benefit Fund?
The Employer Identification Number (EIN) for Ibew Local 665 Supplemental Unemployment Benefit Fund is 141997844. 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 Local 665 Supplemental Unemployment Benefit Fund spend its money?
Ibew Local 665 Supplemental Unemployment Benefit Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibew Local 665 Supplemental Unemployment Benefit Fund's tax-exempt status?
You can verify Ibew Local 665 Supplemental Unemployment Benefit Fund's tax-exempt status using EIN 141997844 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 Local 665 Supplemental Unemployment Benefit Fund appears to be a financially stable organization, consistently maintaining positive net assets over the past decade, reaching $3,122,727 in 2023. Its primary function, as indicated by its NTEE code (Y24 - Employee or Member Welfare Organizations), is to provide supplemental unemployment benefits, which aligns with its program spending. The organization demonstrates strong spending efficiency, with program expenses consistently forming the vast majority of its total expenditures. For instance, in 2023, out of $971,847 in total expenses, a significant portion would be direct benefit payments. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings on record, and a clear indication of 0% officer compensation, which simplifies financial scrutiny and suggests a focus on its mission rather than executive enrichment. The relatively low liabilities compared to assets also points to sound financial management.