Is International Brotherhood Of Electrical Workers Legit?
Quick charity verification for International Brotherhood Of Electrical Workers (EIN: 110502155)
Verdict: International Brotherhood Of Electrical Workers appears trustworthy
85/100Mission Score
$6.2MRevenue
$6.9MAssets
2Red Flags
4Strengths
Red Flags
Unusually low reported liabilities in some years (e.g., $0 in 2018 and 2019) which might indicate incomplete reporting or specific accounting practices.
0% officer compensation reported across all filings, which is highly uncommon for an organization with multi-million dollar revenues and expenses, potentially obscuring actual leadership costs.
Strengths
Consistent revenue generation, generally exceeding expenses in most years, indicating financial stability.
Steady growth in assets, from $2.3 million in 2015 to $6.1 million in 2023, demonstrating increasing financial capacity.
Regular and timely filing of IRS Form 990s, indicating good compliance and transparency.
Relatively low liabilities in most years, suggesting prudent financial management.
AI Transparency Report
The International Brotherhood Of Electrical Workers (IBEW) demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.2 million to $5.2 million over the past decade. The organization's assets have shown steady growth, increasing from $2.3 million in 2015 to over $6.1 million in 2023, indicating a healthy accumulation of resources. While specific program spending details are not provided in the summary data, the consistent operational expenses suggest ongoing activities. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available, and the explicit reporting of 0% officer compensation across all periods, which is a strong indicator of financial integrity regarding executive pay. The relatively low liabilities across most years also point to sound financial management.