Is Institute Of Electrical And Electronics Engineers Inc Legit?
Quick charity verification for Institute Of Electrical And Electronics Engineers Inc (EIN: 131656633)
Verdict: Institute Of Electrical And Electronics Engineers Inc appears trustworthy
90/100Mission Score
$1.4BRevenue
$1.5BAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, potentially obscuring executive pay details.
Strengths
Consistent and significant revenue growth, from $454M in 2014 to $650M in 2023.
Strong asset accumulation, growing from $566M in 2014 to $1.33B in 2023.
Consistent positive net income (revenue exceeding expenses) across all reported periods, indicating financial stability.
Low liabilities relative to assets, with liabilities at $290M against assets of $1.33B in 2023.
Spending Breakdown
How Institute Of Electrical And Electronics Engineers Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Institute Of Electrical And Electronics Engineers Inc
Is Institute Of Electrical And Electronics Engineers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Electrical And Electronics Engineers Inc (EIN: 131656633) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Institute Of Electrical And Electronics Engineers Inc a good charity to donate to?
Institute Of Electrical And Electronics Engineers Inc has a Mission Score of 90/100. Revenue: $1.4B. Assets: $1.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Institute Of Electrical And Electronics Engineers Inc?
The Employer Identification Number (EIN) for Institute Of Electrical And Electronics Engineers Inc is 131656633. 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 Institute Of Electrical And Electronics Engineers Inc spend its money?
Institute Of Electrical And Electronics Engineers Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Institute Of Electrical And Electronics Engineers Inc's tax-exempt status?
You can verify Institute Of Electrical And Electronics Engineers Inc's tax-exempt status using EIN 131656633 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 Institute of Electrical and Electronics Engineers Inc (IEEE) demonstrates robust financial health, with its assets consistently growing over the past decade, reaching $1.33 billion in 2023. The organization consistently generates significant revenue, with a notable increase to $650 million in 2023 from $478 million in 2020, indicating strong operational performance and member engagement. While specific program spending percentages are not provided in the raw data, the consistent surplus of revenue over expenses suggests efficient management of resources. The absence of reported officer compensation across all filings is a significant positive indicator for transparency and a focus on mission over executive enrichment, though it's important to verify if this means compensation is zero or reported under other categories not explicitly detailed here. Overall, IEEE appears to be a financially stable and well-managed organization.