Is International Brotherhood Of Electrical Workers Legit?

The International Brotherhood Of Electrical Workers (IBEW) demonstrates consistent financial stability, with assets growing from $14.8 million in 2014 to over $20.4 million in 2023. Revenue has fluctuated but generally remained strong, with the latest reported revenue at $5,965,074 in 2023, significantly higher than its expenses of $4,117,888 for the same period. This indicates a healthy operating surplus. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. Spending efficiency appears robust, given the consistent operating surpluses in most years, particularly in 2023 where revenue exceeded expenses by over $1.8 million. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation suggests a lean operational structure at the top. The organization's liabilities have remained relatively low and stable compared to its assets, indicating good financial management and solvency. Overall, the IBEW exhibits strong financial health and a high degree of transparency regarding executive compensation. Its consistent asset growth and positive revenue-to-expense ratios suggest effective management of resources. The lack of reported officer compensation is a notable positive for transparency and efficiency.