Quick charity verification for Public Employee Benefit Tr Of Ca (EIN: 206383829)
Verdict: Public Employee Benefit Tr Of Ca appears trustworthy
85/100Mission Score
$11.9MRevenue
$588KAssets
2Red Flags
3Strengths
Red Flags
No reported officer compensation, which is unusual for an organization of this size and revenue, potentially obscuring executive remuneration.
Limited asset accumulation relative to revenue, which could indicate a lack of long-term financial stability or strategic reserves, though it aligns with a pass-through model.
Strengths
High program spending efficiency, with nearly all revenue directed towards expenses, indicating a lean operation.
Consistent revenue generation over $10 million annually, demonstrating stable operations.
Minimal liabilities relative to assets in recent years (e.g., $22,070 liabilities vs. $388,639 assets in 2023), suggesting good financial management of short-term obligations.
AI Transparency Report
Public Employee Benefit Tr Of Ca operates with a consistent revenue stream, averaging over $10 million annually, primarily focused on providing employee benefits as indicated by its NTEE code Y44. The organization consistently spends nearly all of its revenue on expenses, with the latest filing showing expenses of $10,763,693 against revenues of $10,924,158. This indicates a lean operational model, with little surplus accumulating. The organization's assets are relatively low compared to its annual revenue, suggesting that it functions more as a pass-through entity for benefits rather than accumulating significant reserves. The absence of reported officer compensation across all filings suggests either a volunteer-led board or that compensation is structured in a way not reported as officer compensation on the 990, which warrants further investigation for full transparency.