Is International Brotherhood Of Teamsters Legit?

The International Brotherhood Of Teamsters (IBT) 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 $2,052,097 against expenses of $1,997,848, leading to an increase in assets to $1,199,938. This trend suggests a stable financial position and responsible management of resources. The organization's liabilities have remained relatively low compared to its assets, indicating a healthy balance sheet. Spending efficiency appears reasonable, though a detailed breakdown of program versus administrative and fundraising expenses is not explicitly provided in the summary data. However, the consistent positive net income in most recent years (e.g., $54,249 in 2023 and $214,033 in 2022) suggests that the organization is operating within its means and effectively managing its expenditures. The absence of reported officer compensation across all filings indicates a potential for high transparency regarding executive pay, or that compensation is structured differently and not reported under 'Officer Comp' on the 990 summary. Overall, the IBT exhibits a stable financial trajectory with growing assets and controlled liabilities. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency. While specific program spending ratios are not available, the overall financial health appears sound, with no immediate red flags regarding solvency or excessive spending based on the provided data.