Is Nyc Electricians Retired Local 3 Ibew…

Quick charity verification for Nyc Electricians Retired Local 3 Ibew (EIN: 113014132)

Spending Breakdown

How Nyc Electricians Retired Local 3 Ibew allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Nyc Electricians Retired Local 3 Ibew

Is Nyc Electricians Retired Local 3 Ibew a legitimate charity?

Based on AI analysis of IRS 990 filings, Nyc Electricians Retired Local 3 Ibew (EIN: 113014132) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.

Is Nyc Electricians Retired Local 3 Ibew a good charity to donate to?

Nyc Electricians Retired Local 3 Ibew has a Mission Score of 90/100. Revenue: $5.2M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nyc Electricians Retired Local 3 Ibew?

The Employer Identification Number (EIN) for Nyc Electricians Retired Local 3 Ibew is 113014132. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Nyc Electricians Retired Local 3 Ibew spend its money?

Nyc Electricians Retired Local 3 Ibew allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Nyc Electricians Retired Local 3 Ibew's tax-exempt status?

You can verify Nyc Electricians Retired Local 3 Ibew's tax-exempt status using EIN 113014132 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Nyc Electricians Retired Local 3 Ibew appears to be a financially stable organization, consistently maintaining assets significantly higher than liabilities. For instance, in 2023, assets were $5,069,248 against liabilities of $50,450. The organization's revenue has shown a general upward trend over the past decade, from $1,672,379 in 2014 to $2,340,048 in 2023, indicating a healthy ability to generate income. While expenses have sometimes exceeded revenue, such as in 2023 where expenses were $2,609,637 against $2,340,048 in revenue, these fluctuations do not seem to significantly impact its overall financial health given its substantial asset base.

The organization demonstrates strong spending efficiency, particularly in its program focus. With 0% reported officer compensation across all available filings, it suggests that a very high proportion of its expenditures are directed towards its stated mission, rather than administrative overhead or executive salaries. This commitment to minimizing administrative costs is a significant positive indicator of efficiency. The consistent reporting of zero officer compensation also points to a high degree of transparency regarding executive pay.

Overall, Nyc Electricians Retired Local 3 Ibew exhibits sound financial management, a strong program-centric spending model, and excellent transparency regarding executive compensation. Its consistent asset base and revenue growth, coupled with minimal liabilities, position it as a financially robust entity. The lack of detailed program spending breakdowns in the provided data makes a precise assessment of program efficiency challenging, but the absence of officer compensation is a strong positive signal.

Is Nyc Electricians Retired Local 3 Ibew Legit?

Verdict: Nyc Electricians Retired Local 3 Ibew appears trustworthy

Red Flags

Strengths