Electrical Workers Benefit Society

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Electrical Workers Benefit Society Form 990, Revenue, CEO Pay, and IRS Filing Signals

Electrical Workers Benefit Society is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Electrical Workers Benefit Society in one place.

Is Electrical Workers Benefit Society Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Electrical Workers Benefit Society shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Electrical Workers Benefit Society directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Electrical Workers Benefit Society is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Electrical Workers Benefit Society reported a surplus of $1.6M with revenue exceeding expenses, holds 285.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).

Financial Trends

Over 13 years of filings (2010–2023), Electrical Workers Benefit Society's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.6M, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.2%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Electrical Workers Benefit Society:

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.