Is Local 713 International Brotherhood Of Trade Unions Legit?

Local 713 International Brotherhood Of Trade Unions demonstrates consistent financial activity, with revenues generally exceeding expenses in most years, contributing to a steady growth in assets. For instance, in 2021, revenue was $5,782,002 against expenses of $5,355,711, leading to an asset base of $11,248,307. However, the most recent two periods (2022 and 2023) show expenses exceeding revenue, with 2023 reporting expenses of $6,435,714 against revenues of $5,946,941, indicating a slight operational deficit. The organization's assets have grown significantly over the past decade, from $1,901,899 in 2014 to $10,239,135 in 2023, suggesting sound financial management in building reserves. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, providing a clear historical financial picture. A notable aspect is the reported 0% officer compensation across all available filings, which suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which could be a point of further inquiry for complete transparency. The NTEE code is unknown, which limits the ability to benchmark against similar organizations, but the consistent growth in assets and relatively stable revenue streams indicate a financially robust entity. While the recent operational deficits in 2022 and 2023 warrant attention, the overall trend of asset accumulation and the absence of reported officer compensation on the 990s are positive indicators. The organization's financial health appears stable, supported by substantial assets relative to its annual expenses. Further details on program spending versus administrative and fundraising costs would provide a more complete picture of spending efficiency, as these breakdowns are not explicitly provided in the summary data.