Is Ibew Local No 99 Scholarship Educational…

Quick charity verification for Ibew Local No 99 Scholarship Educational Fund (EIN: 201023983)

Strengths

Zero officer compensation across all reported periods, ensuring funds are directed to programs.
Consistent growth in assets, from $229,001 in 201506 to $428,151 in 202406, indicating financial health.
Zero liabilities reported in all filings, demonstrating strong financial management.
Significant revenue growth, from $16,800 in 201506 to $156,395 in 202406, enhancing program capacity.
Generally operates with a surplus, such as $112,022 in 202406 (Revenue $156,395 - Expenses $44,373), allowing for reinvestment in its mission.

Spending Breakdown

How Ibew Local No 99 Scholarship Educational Fund allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 No 99 Scholarship Educational Fund

Is Ibew Local No 99 Scholarship Educational Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Ibew Local No 99 Scholarship Educational Fund (EIN: 201023983) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Ibew Local No 99 Scholarship Educational Fund a good charity to donate to?

Ibew Local No 99 Scholarship Educational Fund has a Mission Score of 92/100. Revenue: $172K. Assets: $471K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ibew Local No 99 Scholarship Educational Fund?

The Employer Identification Number (EIN) for Ibew Local No 99 Scholarship Educational Fund is 201023983. 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 No 99 Scholarship Educational Fund spend its money?

Ibew Local No 99 Scholarship Educational 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 No 99 Scholarship Educational Fund's tax-exempt status?

You can verify Ibew Local No 99 Scholarship Educational Fund's tax-exempt status using EIN 201023983 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 No 99 Scholarship Educational Fund demonstrates a strong commitment to its program services, primarily scholarship distribution, as evidenced by its consistent operational model. In the latest filing period (202406), the organization reported expenses of $44,373 against revenues of $156,395, indicating a healthy surplus. Over the past decade, the fund has shown significant growth in revenue, from $16,800 in 201506 to $156,395 in 202406, allowing for increased program activity. The organization consistently reports zero liabilities and zero officer compensation, which are strong indicators of financial stability and efficient resource allocation directly to its mission.

The fund's financial health appears robust, with assets growing from $229,001 in 201506 to $428,151 in 202406. The absence of officer compensation is a significant positive for transparency and ensures that all available funds are directed towards scholarships. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall low expense figures relative to revenue, especially in recent years like 202406 ($44,373 expenses vs. $156,395 revenue), suggest a lean operational structure focused on its educational mission. The organization's consistent filing history and clear financial statements (zero liabilities, no officer compensation) contribute to a high level of transparency.

Overall, Ibew Local No 99 Scholarship Educational Fund appears to be a well-managed and financially sound organization, effectively utilizing its resources to provide educational scholarships. Its growth in revenue and assets, coupled with minimal overhead and no executive compensation, positions it as an efficient and transparent entity in the nonprofit sector.

Is Ibew Local No 99 Scholarship Educational Fund Legit?

Verdict: Ibew Local No 99 Scholarship Educational Fund appears trustworthy