Is Ibew Local Union 363 Joint Apprentice Training Fund Legit?
Quick charity verification for Ibew Local Union 363 Joint Apprentice Training Fund (EIN: 136132505)
Verdict: Ibew Local Union 363 Joint Apprentice Training Fund appears trustworthy
85/100Mission Score
$3.1MRevenue
$8.4MAssets
1Red Flags
4Strengths
Red Flags
Significant decline in total assets from $13.1M in 2019 to $7.5M in 2023 without clear explanation in provided data.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial transparency and resource allocation.
Stable program spending despite fluctuating revenues, demonstrating commitment to mission.
Very low liabilities relative to assets, indicating financial stability.
Healthy operating surplus in the most recent filing (202312) with revenues of $2,026,641 exceeding expenses of $1,457,296.
Spending Breakdown
How Ibew Local Union 363 Joint Apprentice Training Fund 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 Ibew Local Union 363 Joint Apprentice Training Fund
Is Ibew Local Union 363 Joint Apprentice Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew Local Union 363 Joint Apprentice Training Fund (EIN: 136132505) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Ibew Local Union 363 Joint Apprentice Training Fund a good charity to donate to?
Ibew Local Union 363 Joint Apprentice Training Fund has a Mission Score of 85/100. Revenue: $3.1M. Assets: $8.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ibew Local Union 363 Joint Apprentice Training Fund?
The Employer Identification Number (EIN) for Ibew Local Union 363 Joint Apprentice Training Fund is 136132505. 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 Union 363 Joint Apprentice Training Fund spend its money?
Ibew Local Union 363 Joint Apprentice Training Fund allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ibew Local Union 363 Joint Apprentice Training Fund's tax-exempt status?
You can verify Ibew Local Union 363 Joint Apprentice Training Fund's tax-exempt status using EIN 136132505 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 Union 363 Joint Apprentice Training Fund demonstrates a consistent commitment to its program services, as evidenced by its spending patterns. In the most recent filing (202312), the organization reported expenses of $1,457,296 against revenues of $2,026,641, indicating a healthy operating surplus. Over the past five years, expenses have generally remained stable, ranging from $1,457,296 to $1,639,692, while revenues have fluctuated more significantly, from a low of $984,836 in 202212 to a high of $2,026,641 in 202312. The organization's assets have seen a decline from a peak of $13,153,846 in 201912 to $7,551,346 in 202312, which warrants further investigation into the reasons for this reduction, though liabilities remain very low. The consistent reporting of 0% officer compensation across all available filings suggests strong financial transparency regarding executive pay.