Ibew Welfare Fund 56
EIN: 251158956 · Erie, PA
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $4.9M |
| Net Assets | $8.4M |
Is Ibew Welfare Fund 56 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ibew Welfare Fund 56
Ibew Welfare Fund 56 (EIN: 251158956) is a nonprofit organization based in Erie, PA. The organization reported total revenue of $7.4M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Welfare Fund 56's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Welfare Fund 56 is a mid-size nonprofit that has been operating for 68 years.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$212K |
| Total Assets | $8.4M |
| Net Assets | $8.4M |
| Operating Margin | 4.1% |
| Months of Reserves | 20.4 months |
Financial Health Grade: A
In 2022, Ibew Welfare Fund 56 reported a surplus of $212K with revenue exceeding expenses, holds 20.4 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ibew Welfare Fund 56 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibew Welfare Fund 56 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $212K, with revenue exceeding expenses.
Frequently Asked Questions about Ibew Welfare Fund 56
Is Ibew Welfare Fund 56 a legitimate charity?
Ibew Welfare Fund 56 (EIN: 251158956) is a registered tax-exempt nonprofit based in Pennsylvania. Total revenue: $7.4M. No red flags identified. Financial health grade: A.
How does Ibew Welfare Fund 56 spend its money?
Ibew Welfare Fund 56 reported $7.4M in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ibew Welfare Fund 56 tax-deductible?
Ibew Welfare Fund 56 is registered as a tax-exempt nonprofit (EIN: 251158956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ibew Welfare Fund 56 located?
Ibew Welfare Fund 56 is headquartered in Erie, Pennsylvania and files with the IRS under EIN 251158956.
Filing History
IRS 990 filing history for Ibew Welfare Fund 56 showing financial trends over 1 year of public records:
In its most recent filing year (2022), Ibew Welfare Fund 56 reported a surplus of $212K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.2M | $4.9M | $8.4M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Welfare Fund 56:
Data Sources and Methodology
This transparency report for Ibew Welfare Fund 56 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.