Is International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr Legit?
Quick charity verification for International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr (EIN: 156025163)
Verdict: International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr appears trustworthy
85/100Mission Score
$50.3MRevenue
$67.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization with over $23 million in revenue, which is unusual and warrants further investigation into leadership compensation structure.
Strengths
Consistent revenue growth over the past decade, from $14.8M in 2014 to $23.5M in 2023.
Healthy asset accumulation, with assets nearly doubling from $30.7M in 2014 to $59.5M in 2023.
Expenses consistently lower than revenue, indicating strong financial management and operational efficiency.
Low liabilities relative to assets, demonstrating strong financial stability (e.g., $602,015 liabilities vs. $59,527,953 assets in 2023).
Spending Breakdown
How International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr
Is International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr (EIN: 156025163) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr a good charity to donate to?
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr has a Mission Score of 85/100. Revenue: $50.3M. Assets: $67.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr?
The Employer Identification Number (EIN) for International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr is 156025163. 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 International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr spend its money?
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr's tax-exempt status?
You can verify International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr's tax-exempt status using EIN 156025163 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
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr demonstrates consistent financial growth over the past decade, with revenue increasing from $14,820,398 in 2014 to $23,582,750 in 2023, and assets growing from $30,739,314 to $59,527,953 in the same period. The organization consistently spends less than its revenue, indicating sound financial management and an ability to build reserves. For instance, in 2023, expenses were $18,177,643 against revenues of $23,582,750, resulting in a surplus.
The organization's spending efficiency appears strong, as indicated by the consistent surplus and asset growth. A notable aspect of its transparency is the reported 0% officer compensation across all available filings, which suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization's structure does not involve traditional officer compensation. This lack of reported officer compensation, while potentially positive, could also be a point for further inquiry regarding how leadership is supported.
Overall, the financial data suggests a well-managed organization with a healthy balance sheet and consistent growth. The low liabilities relative to assets (e.g., $602,015 in liabilities against $59,527,953 in assets in 2023) further reinforces its financial stability. The absence of reported officer compensation is a distinctive feature that contributes to a perception of efficiency, though it warrants a deeper understanding of the organization's operational model.