Is International Technical Electric &Construction Inc Legit?

Quick charity verification for International Technical Electric &Construction Inc (EIN: 205940449)

Verdict: International Technical Electric &Construction Inc appears trustworthy

90/100Mission Score
$536KRevenue
$1.1MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

International Technical Electric & Construction Inc. demonstrates a generally healthy financial position with consistent revenue growth and positive net assets over the past several years. The organization's latest filing (202312) shows revenue of $1,279,375 against expenses of $1,216,518, indicating a surplus. Their assets have also grown significantly, reaching $1,133,304 in 2023, up from $613,128 in 2014, suggesting good financial management and asset accumulation. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient spending and a focus on mission-related activities rather than executive enrichment. While specific program spending percentages are not detailed in the provided data, the consistent surpluses and zero officer compensation suggest that a significant portion of funds is likely directed towards their NTEE code Q32 mission (International, Foreign Affairs & National Security). The organization's liabilities have fluctuated, with a notable increase in 202212 to $527,880, but have since decreased to $113,602 in 202312, indicating effective management of debt. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency. Overall, International Technical Electric & Construction Inc. appears to be a financially sound organization with a strong commitment to its mission, evidenced by its financial growth, prudent expense management, and lack of executive compensation. Further analysis of detailed program expenses would provide a more granular view of spending efficiency, but the available data is positive.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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