Is International Brotherhood Of Electrical Workers Legit?
Quick charity verification for International Brotherhood Of Electrical Workers (EIN: 160492705)
Verdict: International Brotherhood Of Electrical Workers appears trustworthy
85/100Mission Score
$3.7MRevenue
$6.2MAssets
3Red Flags
5Strengths
Red Flags
NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to benchmark against similar organizations.
Lack of detailed functional expense breakdown in provided data: Prevents a precise assessment of program vs. administrative spending efficiency.
Consistent 0% Officer Comp: While potentially positive, it's unusual for an organization of this size and could indicate compensation is reported elsewhere, or a highly volunteer-dependent leadership structure.
Strengths
Consistent Revenue Growth: Revenue increased from $2,001,953 in 2015 to $3,440,757 in 2023, demonstrating financial health.
Strong Asset Accumulation: Assets grew from $2,534,792 in 2015 to $5,440,751 in 2023, indicating robust financial management.
Operational Surpluses: The organization generally operates with a surplus, such as the $545,346 surplus in 2023, contributing to financial stability.
Low Liabilities Relative to Assets: Liabilities remain low compared to assets, suggesting good financial solvency.
Extensive Filing History: 12 filings available demonstrate a commitment to transparency and public disclosure.
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: 160492705) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 5 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: $3.7M. Assets: $6.2M. 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 160492705. 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 160492705 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 Rochester, NY, demonstrates consistent financial growth over the past decade, with revenue increasing from $2,001,953 in 2015 to $3,440,757 in 2023. The organization generally operates with a surplus, as seen in 2023 where revenue exceeded expenses by over $500,000. This consistent surplus has contributed to a healthy increase in assets, which grew from $2,534,792 in 2015 to $5,440,751 in 2023, indicating strong financial management and stability. Liabilities have remained relatively low and stable compared to assets, further reinforcing a positive financial outlook.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operational surpluses suggest that the organization is managing its expenses effectively relative to its income. The absence of reported officer compensation across all filings indicates a commitment to directing resources towards the organization's mission rather than executive salaries, which is a positive sign for efficiency and donor trust.
In terms of transparency, the organization has a robust filing history with 12 filings available, demonstrating a commitment to public disclosure. The consistent reporting of key financial metrics like revenue, expenses, assets, and liabilities across these periods provides a clear picture of its financial trajectory. The lack of reported officer compensation also contributes to a perception of transparency regarding how funds are allocated, although a more detailed functional expense breakdown would further enhance this aspect.