Is International Brotherhood Of Electrical Workers Legit?

The International Brotherhood Of Electrical Workers (IBEW) in Flushing, NY, demonstrates a consistent pattern of financial growth over the past decade, with revenue increasing from $14,230,083 in 2014 to $28,328,759 in 2023. The organization has also significantly grown its assets, from $23,268,699 in 2014 to $60,506,811 in 2023, indicating strong financial health and accumulation of resources. Liabilities have remained relatively stable and manageable in proportion to assets, suggesting prudent financial management. Spending efficiency appears to be reasonable, with expenses generally lower than revenue in recent years, allowing for asset growth. For instance, in 2023, expenses were $21,300,152 against revenues of $28,328,759. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, which would warrant further investigation. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging, but the overall financial trajectory is positive. Transparency is generally good given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The absence of reported officer compensation is a notable point for transparency, as it could indicate either a volunteer leadership structure or that compensation is categorized differently. The organization's consistent growth in assets and revenue, coupled with controlled liabilities, points to a financially stable and well-managed entity.