Is Laborers International Union Of North America Legit?

Laborers International Union Of North America demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in assets, from $1,145,627 in 2014 to $1,893,082 in 2023, indicating sound financial management and accumulation of resources. Revenue has also generally trended upwards, reaching $1,373,445 in 2023, which consistently outpaces expenses, leading to positive net income in most years. This financial health suggests the organization is well-positioned to sustain its operations. The organization's spending efficiency appears strong, as expenses have consistently been managed below revenue, allowing for asset growth. A key indicator of transparency and good governance is the reported 0% officer compensation across all available filings, suggesting that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for a complete picture. However, the absence of reported officer compensation on the 990 form itself is a positive sign regarding direct executive payouts. Overall, Laborers International Union Of North America exhibits a healthy financial trajectory with increasing assets and revenues. The consistent positive net income and the reported lack of officer compensation on the 990 forms point towards efficient resource management and a potentially high degree of financial transparency regarding executive pay. Further details on program spending versus administrative and fundraising costs would provide a more granular view of spending efficiency.