I B E W 910 Welfare Fund
IBEW 910 Welfare Fund consistently disburses benefits with no officer compensation reported.
EIN: 166053626 · Watertown, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $6.6M |
| Program Spending | 95% |
| Net Assets | $9.2M |
| Transparency Score | 90/100 |
Is I B E W 910 Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
I B E W 910 Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About I B E W 910 Welfare Fund
I B E W 910 Welfare Fund (EIN: 166053626) is a nonprofit organization based in Watertown, NY. The organization reported total revenue of $14.2M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I B E W 910 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I B E W 910 Welfare Fund is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $6.6M |
| Surplus / Deficit | $-260,617 |
| Total Assets | $9.4M |
| Total Liabilities | $183K |
| Net Assets | $9.2M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, I B E W 910 Welfare Fund reported a deficit of $261K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), I B E W 910 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | +4.4% | +0.1% |
| 2022 | +10.6% | +18.6% | -10.3% |
| 2021 | +2.9% | +7.1% | +20.9% |
| 2020 | +5.3% | +8.8% | +13.9% |
| 2019 | +8.2% | -15.8% | +28.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
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 I B E W 910 Welfare Fund with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, I B E W 910 Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $261K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated directly from the fund, which is a strong positive for resource allocation towards its welfare 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 I B E W 910 Welfare Fund:
- Consistent 0% officer compensation, ensuring funds are directed to beneficiaries.
- Healthy asset-to-liability ratio, indicating strong financial stability (e.g., $9,351,020 assets vs. $182,577 liabilities in 202306).
- Steady growth in assets over the past decade, demonstrating effective financial management.
- Consistent filing of IRS Form 990s, indicating strong transparency and compliance.
- Expenses closely align with revenue, suggesting active and consistent disbursement of welfare benefits.
Frequently Asked Questions about I B E W 910 Welfare Fund
Is I B E W 910 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, I B E W 910 Welfare Fund (EIN: 166053626) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does I B E W 910 Welfare Fund spend its money?
I B E W 910 Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to I B E W 910 Welfare Fund tax-deductible?
I B E W 910 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 166053626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is I B E W 910 Welfare Fund located?
I B E W 910 Welfare Fund is headquartered in Watertown, New York and files with the IRS under EIN 166053626.
How many years of IRS 990 filings does I B E W 910 Welfare Fund have?
I B E W 910 Welfare Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.2M in total revenue.
Is I B E W 910 Welfare Fund a good charity?
Based on the available financial data, the I B E W 910 Welfare Fund appears to be a well-managed organization. It consistently directs its resources towards its stated purpose (welfare benefits), maintains a healthy asset-to-liability ratio, and reports no officer compensation, all of which are strong indicators of efficiency and dedication to its mission.
How does the fund manage its expenses relative to its revenue?
The fund's expenses generally track closely with its revenue. For example, in 202306, expenses were $6,597,821 against $6,337,204 in revenue, showing a slight operational deficit for that period. However, over the long term, the fund has maintained a stable financial position, with assets consistently growing and exceeding liabilities, indicating effective overall financial management.
What is the trend in the fund's assets?
The fund's assets have shown a general upward trend over the past decade, growing from $5,469,444 in 201406 to $9,351,020 in 202306. This indicates a healthy accumulation of reserves, enhancing its long-term stability and capacity to provide benefits.
Filing History
IRS 990 filing history for I B E W 910 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), I B E W 910 Welfare Fund's revenue has grown by 48.3%, moving from $4.3M to $6.3M. Total assets increased by 110.3% over the same period, from $4.4M to $9.4M. Total functional expenses rose by 50.8%, from $4.4M to $6.6M. In its most recent filing year (2023), I B E W 910 Welfare Fund reported a deficit of $261K, with expenses exceeding revenue. The organization holds $183K in liabilities against $9.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $6.6M | $9.4M | $183K | — | View 990 |
| 2022 | $7.0M | $6.3M | $9.3M | $58K | — | View 990 |
| 2021 | $6.3M | $5.3M | $10.4M | $328K | — | View 990 |
| 2020 | $6.1M | $5.0M | $8.6M | $96K | — | — |
| 2019 | $5.8M | $4.6M | $7.6M | $370K | — | View 990 |
| 2018 | $5.4M | $5.4M | $5.9M | $207K | — | View 990 |
| 2017 | $5.3M | $4.9M | $6.0M | $136K | — | View 990 |
| 2016 | $4.2M | $5.1M | $5.5M | $176K | — | View 990 |
| 2015 | $5.0M | $4.0M | $6.3M | $158K | — | View 990 |
| 2014 | $5.0M | $4.3M | $5.5M | $60K | — | View 990 |
| 2013 | $4.7M | $4.5M | $4.7M | $68K | — | View 990 |
| 2012 | $4.2M | $4.2M | $4.5M | $94K | — | View 990 |
| 2011 | $4.3M | $4.4M | $4.4M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $6.6M, and assets of $9.4M (revenue -9.4% year-over-year).
- 2022: Revenue of $7.0M, expenses of $6.3M, and assets of $9.3M (revenue +10.6% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.3M, and assets of $10.4M (revenue +2.9% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.0M, and assets of $8.6M (revenue +5.3% year-over-year).
- 2019: Revenue of $5.8M, expenses of $4.6M, and assets of $7.6M (revenue +8.2% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.4M, and assets of $5.9M (revenue +0.8% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.9M, and assets of $6.0M (revenue +27.1% year-over-year).
- 2016: Revenue of $4.2M, expenses of $5.1M, and assets of $5.5M (revenue -15.7% year-over-year).
- 2015: Revenue of $5.0M, expenses of $4.0M, and assets of $6.3M (revenue -1.2% year-over-year).
- 2014: Revenue of $5.0M, expenses of $4.3M, and assets of $5.5M (revenue +6.8% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.5M, and assets of $4.7M (revenue +12.5% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.2M, and assets of $4.5M (revenue -1.6% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.4M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I B E W 910 Welfare Fund:
Data Sources and Methodology
This transparency report for I B E W 910 Welfare Fund 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.