International Brotherhood Of Electrical Workers

Is International Brotherhood Of Electrical Workers Legit?

Some Concerns

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

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

About International Brotherhood Of Electrical Workers

International Brotherhood Of Electrical Workers (EIN: 221151765) is a nonprofit organization based in East Windsor, NJ. The organization reported total revenue of $7.8M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Electrical Workers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

International Brotherhood Of Electrical Workers is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, International Brotherhood Of Electrical Workers reported a surplus of $92K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.9% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), International Brotherhood Of Electrical Workers's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.

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 International Brotherhood Of Electrical Workers with a Mission Score of 85 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: 90%
• fundraising: 5%

According to IRS 990 filings, International Brotherhood Of Electrical Workers allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $92K, with revenue exceeding expenses.
• Debt-to-asset ratio: 20.9%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, but the 'l' field, likely representing 'labor' or 'leadership' costs, shows a consistent range, with $1,114,722 reported in 2023.

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.

Red Flags

The following concerns were identified during AI analysis of International Brotherhood Of Electrical Workers's IRS 990 filings:

• Revenue has shown some fluctuation, with a dip from $5,814,866 in 2019 to $4,203,199 in 2022 before recovering to $5,185,847 in 2023.

Strengths

The following positive indicators were identified for International Brotherhood Of Electrical Workers:

• Consistently high program spending, with expenses ('x') often close to or exceeding revenue, indicating a strong commitment to its mission.
• Significant growth in assets over the past several years, demonstrating financial stability and capacity.
• Zero reported lobbying expenses suggests a direct focus on core activities rather than political advocacy.
• Consistent financial reporting across multiple years provides a clear historical view of operations.

Frequently Asked Questions about International Brotherhood Of Electrical Workers

Filing History

IRS 990 filing history for International Brotherhood Of Electrical Workers showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), International Brotherhood Of Electrical Workers's revenue has declined by 16.6%, moving from $6.2M to $5.2M. Total assets increased by 148.7% over the same period, from $2.1M to $5.3M. Total functional expenses fell by 28.1%, from $7.1M to $5.1M. In its most recent filing year (2023), International Brotherhood Of Electrical Workers reported a surplus of $92K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $5.3M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $4.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.2M, expenses of $5.1M, and assets of $5.3M (revenue +23.4% year-over-year).
• 2022: Revenue of $4.2M, expenses of $5.2M, and assets of $5.2M (revenue -21.5% year-over-year).
• 2021: Revenue of $5.4M, expenses of $4.8M, and assets of $5.9M (revenue -4.6% year-over-year).
• 2020: Revenue of $5.6M, expenses of $4.8M, and assets of $5.3M (revenue -3.5% year-over-year).
• 2019: Revenue of $5.8M, expenses of $5.3M, and assets of $4.5M (revenue +10.8% year-over-year).
• 2018: Revenue of $5.2M, expenses of $5.2M, and assets of $3.9M (revenue -5.2% year-over-year).
• 2017: Revenue of $5.5M, expenses of $5.1M, and assets of $3.8M (revenue +4.4% year-over-year).
• 2016: Revenue of $5.3M, expenses of $5.4M, and assets of $3.3M (revenue -3.0% year-over-year).
• 2015: Revenue of $5.5M, expenses of $5.5M, and assets of $3.4M (revenue -5.3% year-over-year).
• 2014: Revenue of $5.8M, expenses of $5.2M, and assets of $2.8M (revenue -3.9% year-over-year).
• 2013: Revenue of $6.0M, expenses of $5.8M, and assets of $2.1M (revenue -1.5% year-over-year).
• 2012: Revenue of $6.1M, expenses of $6.4M, and assets of $1.9M (revenue -2.0% year-over-year).
• 2011: Revenue of $6.2M, expenses of $7.1M, and assets of $2.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for International Brotherhood Of Electrical Workers:

Data Sources and Methodology

This transparency report for International Brotherhood Of Electrical Workers 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.