Is United Brotherhood Of Carpenters & Joiners Of America Legit?

The United Brotherhood Of Carpenters & Joiners Of America demonstrates consistent financial stability with assets steadily above $1 million, reaching $1,392,066 in the latest period. While revenue has fluctuated, ranging from $168,208 to $475,950 over the past decade, the organization has maintained a strong asset base. The organization consistently reports zero liabilities, indicating a very healthy balance sheet and strong financial management, which is a significant positive indicator of financial health and transparency. This lack of debt suggests a conservative and responsible approach to financial operations. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings suggests that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which could imply a lean operational structure. The organization's expenses have generally been in line with or slightly exceeding revenue in some years, such as in 202306 where expenses were $252,937 against revenues of $205,494, indicating periods of drawing from reserves or asset growth. Transparency is high regarding executive compensation, as zero officer compensation is consistently reported. The consistent filing of IRS Form 990 over 13 periods further demonstrates a commitment to regulatory compliance and public disclosure. The absence of liabilities is a strong indicator of sound financial practices and a clear financial picture. However, without a detailed functional expense breakdown, a complete assessment of how efficiently funds are allocated to programs versus overhead remains limited.