Electrical Workers Benefit Society

Electrical Workers Benefit Society maintains consistent financial surpluses and zero reported officer compensation.

EIN: 135671180 · Flushing, NY · Updated: 2026-03-28

$46.2MRevenue

$64.5MAssets

92/100Mission Score (Excellent)

About Electrical Workers Benefit Society

Electrical Workers Benefit Society (EIN: 135671180) is a nonprofit organization based in Flushing, NY. The organization reported total revenue of $46.2M and total assets of $64.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Electrical Workers Benefit Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Electrical Workers Benefit Society demonstrates consistent financial stability, with assets steadily growing over the past decade, reaching $61,657,382 in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most years, for example, $4,204,468 in revenue against $2,595,998 in expenses in 2023. This indicates sound financial management and the ability to cover operational costs while building reserves. The absence of reported officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency. While specific program spending percentages are not detailed in the provided data, the overall financial health appears robust, with a healthy asset-to-liability ratio.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Electrical Workers Benefit Society with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Electrical Workers Benefit Society allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly favorable for directing resources to the organization's mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Electrical Workers Benefit Society:

Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $4,204,468 revenue vs. $2,595,998 expenses in 2023).
Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Steady growth in assets, from $54,594,376 in 2015 to $61,657,382 in 2023, demonstrating financial stability.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $61,657,382 assets vs. $720,925 liabilities in 2023).

Frequently Asked Questions about Electrical Workers Benefit Society

Is Electrical Workers Benefit Society a good charity?

Based on the provided financial data, the Electrical Workers Benefit Society appears to be a financially sound organization with consistent surpluses and no reported officer compensation, suggesting efficient use of funds. However, without detailed program spending breakdowns, a complete assessment of 'goodness' is limited.

How has the organization's revenue trended over the past few years?

The organization's revenue has fluctuated but generally remained strong, with notable peaks like $6,339,850 in 2021 and $4,343,271 in 2022, and $4,204,468 in 2023, indicating a stable funding base.

What is the organization's asset growth like?

The organization has shown consistent asset growth, increasing from $54,594,376 in 2015 to $61,657,382 in 2023, demonstrating strong financial stewardship and accumulation of reserves.

Filing History

IRS 990 filing history for Electrical Workers Benefit Society showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2023), Electrical Workers Benefit Society's revenue has grown by 38.4%, moving from $3.0M to $4.2M. Total assets increased by 34.3% over the same period, from $45.9M to $61.7M. Total functional expenses rose by 16.5%, from $2.2M to $2.6M. In its most recent filing year (2023), Electrical Workers Benefit Society reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $721K in liabilities against $61.7M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $60.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.2M	$2.6M	$61.7M	$721K	—	—
2022	$4.3M	$2.9M	$58.5M	$2.9M	—	View 990
2021	$6.3M	$2.8M	$67.9M	$3.6M	—	View 990
2020	$4.7M	$2.5M	$65.0M	$3.7M	—	View 990
2019	$2.8M	$2.2M	$60.8M	$3.5M	—	—
2018	$2.3M	$2.3M	$54.7M	$3.3M	—	View 990
2017	$3.4M	$2.4M	$58.9M	$3.4M	—	View 990
2016	$3.8M	$2.2M	$58.4M	$3.9M	—	View 990
2015	$3.6M	$2.0M	$54.6M	$3.3M	—	View 990
2014	$3.5M	$2.1M	$56.6M	$2.7M	—	View 990
2013	$4.6M	$2.1M	$53.4M	$2.6M	—	View 990
2012	$3.5M	$2.2M	$49.1M	$2.5M	—	View 990
2010	$3.0M	$2.2M	$45.9M	$2.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.2M, expenses of $2.6M, and assets of $61.7M (revenue -3.2% year-over-year).
2022: Revenue of $4.3M, expenses of $2.9M, and assets of $58.5M (revenue -31.5% year-over-year).
2021: Revenue of $6.3M, expenses of $2.8M, and assets of $67.9M (revenue +35.6% year-over-year).
2020: Revenue of $4.7M, expenses of $2.5M, and assets of $65.0M (revenue +68.9% year-over-year).
2019: Revenue of $2.8M, expenses of $2.2M, and assets of $60.8M (revenue +19.5% year-over-year).
2018: Revenue of $2.3M, expenses of $2.3M, and assets of $54.7M (revenue -32.6% year-over-year).
2017: Revenue of $3.4M, expenses of $2.4M, and assets of $58.9M (revenue -10.7% year-over-year).
2016: Revenue of $3.8M, expenses of $2.2M, and assets of $58.4M (revenue +8.0% year-over-year).
2015: Revenue of $3.6M, expenses of $2.0M, and assets of $54.6M (revenue +1.1% year-over-year).
2014: Revenue of $3.5M, expenses of $2.1M, and assets of $56.6M (revenue -22.8% year-over-year).
2013: Revenue of $4.6M, expenses of $2.1M, and assets of $53.4M (revenue +28.6% year-over-year).
2012: Revenue of $3.5M, expenses of $2.2M, and assets of $49.1M (revenue +16.8% year-over-year).
2010: Revenue of $3.0M, expenses of $2.2M, and assets of $45.9M.

Data Sources and Methodology

This transparency report for Electrical Workers Benefit Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.