Is International Brotherhood Of Teamsters Legit?

The International Brotherhood Of Teamsters demonstrates consistent financial activity, with revenues and expenses generally in the range of $2-3 million annually over the past decade. In the most recent filing (202312), the organization reported revenues of $3,237,870 against expenses of $3,121,147, indicating a slight surplus. Assets have shown growth over time, increasing from $700,301 in 2014 to $2,279,304 in 2023, suggesting a build-up of financial reserves. Liabilities have remained relatively low and manageable, with a notable spike in 2022 to $1,583,266 before returning to $47,575 in 2023, which warrants further investigation into the nature of that temporary increase. The organization's financial health appears stable, with revenues generally covering expenses. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting programmatic activities. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations. Overall, the organization exhibits a stable financial trajectory and strong transparency regarding executive pay. Further detail on expense allocation would enhance the assessment of its spending efficiency and program focus. The growth in assets suggests prudent financial management, while the low liabilities in most years indicate a healthy balance sheet.