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.
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.