Is International Brotherhood Of Teamsters Legit?

The International Brotherhood Of Teamsters (Local 676) demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a steady growth in assets. For instance, in 2023, revenue was $3,479,368 against expenses of $3,355,227, leading to an increase in net assets. The organization's liabilities have remained relatively low, indicating sound financial management and a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive indicator for donor confidence. While the provided data doesn't detail the exact breakdown of program, administrative, and fundraising expenses, the overall financial trend suggests stability. The organization has shown a capacity to manage its finances effectively, maintaining a positive asset base that has grown from $1,799,415 in 2014 to $2,980,504 in 2023. This growth, coupled with the absence of reported officer compensation, points towards a financially responsible operation. However, without a detailed functional expense statement, a precise assessment of spending efficiency across program areas versus overhead is limited. Transparency is generally good given the consistent filing of IRS Form 990s over a long period. The availability of these filings allows for public scrutiny of their financial operations. The lack of reported officer compensation is a strong point for transparency and efficiency, as it indicates that the organization's leadership is not drawing a salary from the reported funds, or that compensation is handled through a different structure not captured in this specific metric.