Is International Brotherhood Of Teamsters Legit?

The International Brotherhood Of Teamsters demonstrates consistent financial growth over the past decade, with revenues steadily increasing from $1,640,930 in 2014 to $2,303,590 in 2023. This growth has also translated into a significant increase in assets, from $567,872 in 2014 to $1,694,352 in 2023, indicating a healthy accumulation of resources. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $2,034,154 against revenues of $2,303,590, contributing to asset growth. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial management and a low risk of insolvency. While the provided data does not detail the breakdown of expenses into program, administrative, and fundraising categories, the overall financial trend suggests a stable and growing organization. The consistent reporting of 0% officer compensation across all available filings indicates either that officers are not compensated or that their compensation is reported under other expense categories, which could be a point for further inquiry regarding transparency. However, the consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and public disclosure. Overall, the International Brotherhood Of Teamsters appears to be in a strong financial position, with increasing revenues and assets, and controlled liabilities. The lack of detailed expense breakdown is the primary limitation in fully assessing spending efficiency, but the general trend of revenue exceeding expenses is positive.