Is International Brotherhood Of Electrical Workers Legit?
Quick charity verification for International Brotherhood Of Electrical Workers (EIN: 10288542)
Verdict: International Brotherhood Of Electrical Workers appears trustworthy
75/100Mission Score
$711KRevenue
$231KAssets
3Red Flags
3Strengths
Red Flags
Consistent decline in revenue over the past decade (from $1,213,387 in 2014 to $764,979 in 2023).
Significant decrease in assets over the past decade (from $960,086 in 2014 to $309,714 in 2023).
Lack of detailed expense breakdown in the provided data, making it difficult to assess program efficiency.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
Consistent filing of IRS Form 990s, demonstrating good transparency practices.
Relatively low liabilities compared to assets, suggesting sound financial management of debt.
Spending Breakdown
How International Brotherhood Of Electrical Workers 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 International Brotherhood Of Electrical Workers
Is International Brotherhood Of Electrical Workers a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Electrical Workers (EIN: 10288542) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is International Brotherhood Of Electrical Workers a good charity to donate to?
International Brotherhood Of Electrical Workers has a Mission Score of 75/100. Revenue: $711K. Assets: $231K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Brotherhood Of Electrical Workers?
The Employer Identification Number (EIN) for International Brotherhood Of Electrical Workers is 10288542. 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 Electrical Workers spend its money?
International Brotherhood Of Electrical Workers allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Brotherhood Of Electrical Workers's tax-exempt status?
You can verify International Brotherhood Of Electrical Workers's tax-exempt status using EIN 10288542 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 International Brotherhood Of Electrical Workers (IBEW) in Augusta, ME, demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses in recent years. For example, in 2023, revenue was $764,979 against expenses of $747,952, indicating a slight surplus. However, there has been a noticeable downward trend in both revenue and assets over the past decade, with revenue decreasing from $1,213,387 in 2014 to $764,979 in 2023, and assets declining from $960,086 to $309,714 in the same period. This trend warrants closer examination to understand the underlying causes and potential long-term implications for the organization's sustainability.
The organization appears to maintain a healthy balance sheet with relatively low liabilities compared to assets, such as $32,915 in liabilities against $309,714 in assets in 2023. A significant positive aspect of their financial management is the reported 0% officer compensation across all available filings, suggesting that executive leadership is not drawing salaries from the organization, which is a strong indicator of financial efficiency and dedication to mission. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the absence of officer compensation is a notable strength.
Transparency is generally good given the consistent filing of IRS Form 990s. However, without a detailed NTEE code or specific program expense data, it's difficult to fully assess the impact and focus of their programmatic spending. The consistent reporting of financial data over a long period allows for trend analysis, which is a key component of transparency, but more granular expense data would enhance understanding of their operational efficiency and program delivery.