Is International Brotherhood Of Electrical Workers Legit?
Quick charity verification for International Brotherhood Of Electrical Workers (EIN: 150347945)
Verdict: International Brotherhood Of Electrical Workers appears trustworthy
85/100Mission Score
$9.6MRevenue
$19.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed spending breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate a lack of transparency regarding leadership remuneration.
Strengths
Exceptional financial health with consistent revenue growth (from $3.3M in 2017 to $9.5M currently).
Strong asset accumulation, growing from $8.2M in 2016 to $19.1M currently.
Zero reported liabilities in recent years (2017-2023), indicating excellent financial stability and risk management.
Consistent positive net income, demonstrating effective expense control relative to revenue.
Spending Breakdown
How International Brotherhood Of Electrical Workers allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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: 150347945) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is International Brotherhood Of Electrical Workers a good charity to donate to?
International Brotherhood Of Electrical Workers has a Mission Score of 85/100. Revenue: $9.6M. Assets: $19.2M. 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 150347945. 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 80% to programs, 15% 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 150347945 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 Clay, NY, demonstrates consistent financial growth and strong asset accumulation over the past decade. Their latest reported revenue is $9,560,331, with assets reaching $19,170,092. The organization has consistently reported zero liabilities in recent years (2017-2023), indicating a very healthy balance sheet and strong financial management. Their revenue has shown a significant upward trend, nearly tripling from $3,379,659 in 2017 to $9,560,331 currently, while expenses have remained relatively stable or grown at a slower pace, leading to substantial net income. This financial stability suggests a well-managed organization with a strong capacity to meet its objectives.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise efficiency ratio. However, the consistent positive net income and asset growth suggest that the organization is operating efficiently within its means. The absence of reported officer compensation across all available filings (2014-2023) is a notable point regarding transparency and executive compensation, indicating that top leadership may not be directly compensated through the organization's reported officer compensation line item, or that compensation is structured differently. This could be a strength in terms of minimizing overhead, but also warrants further investigation into how leadership is supported.
Overall, the IBEW appears to be in excellent financial health, with robust asset growth and minimal liabilities. The lack of reported officer compensation is a unique characteristic that contributes to a perception of lean operations, though it also means less transparency regarding leadership remuneration. The consistent growth in assets and revenue, coupled with controlled expenses, paints a picture of a financially sound and well-managed entity.