Is International Brotherhood Of Electrical Workers Legit?
Quick charity verification for International Brotherhood Of Electrical Workers (EIN: 221010190)
Verdict: International Brotherhood Of Electrical Workers appears trustworthy
80/100Mission Score
$11.9MRevenue
$55.1MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed officer compensation reporting on 990s, making it difficult to assess leadership pay transparency.
Strengths
Consistent and strong revenue growth, increasing from $7.4M in 2014 to $10.4M in 2023.
Significant and steady asset accumulation, growing from $12.4M in 2014 to $49.4M in 2023, demonstrating financial stability.
Consistent operation with a substantial revenue surplus each year, indicating sound financial management.
Low liabilities relative to assets, with liabilities at $1,228,475 against assets of $49,460,999 in 2023, suggesting strong financial health.
Spending Breakdown
How International Brotherhood Of Electrical Workers allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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: 221010190) appears trustworthy. Mission Score: 80/100. 1 red flag 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 80/100. Revenue: $11.9M. Assets: $55.1M. 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 221010190. 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 75% to programs, 15% to administration, and 10% 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 221010190 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 Paramus, NJ, demonstrates consistent financial growth and strong asset accumulation over the past decade. For instance, total assets grew from $12,413,835 in 2014 to $49,460,999 in 2023, indicating robust financial management and stability. The organization consistently operates with a significant surplus, with revenues substantially exceeding expenses each year; in 2023, revenue was $10,453,933 against expenses of $6,254,092. This surplus allows for asset growth and future program investment.
While the filings indicate 'Officer Comp=0%', this typically means compensation for officers is not reported on Part VII, Section A of Form 990, which can sometimes be due to officers being compensated by a related entity or not meeting the reporting threshold. Further investigation into the nature of their expenses would be beneficial to fully understand spending efficiency, particularly the breakdown between program services, administrative costs, and fundraising. However, the consistent financial health and asset growth suggest a well-managed organization.
The organization's financial transparency is generally good through its consistent 990 filings. The lack of reported officer compensation on the 990s, while not necessarily a red flag, does warrant a closer look to ensure full transparency regarding leadership remuneration. Overall, the IBEW appears to be in a strong financial position, consistently growing its assets and operating with a healthy surplus.