Nyc Electricians Retired Local 3 Ibew
Nyc Electricians Retired Local 3 Ibew maintains strong assets and zero officer compensation despite occasional operating deficits.
EIN: 113014132 · Fresh Meadows, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $2.6M |
| Program Spending | 95% |
| Net Assets | $5.0M |
| Transparency Score | 90/100 |
Is Nyc Electricians Retired Local 3 Ibew Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nyc Electricians Retired Local 3 Ibew directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nyc Electricians Retired Local 3 Ibew
Nyc Electricians Retired Local 3 Ibew (EIN: 113014132) is a nonprofit organization based in Fresh Meadows, NY. The organization reported total revenue of $5.2M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nyc Electricians Retired Local 3 Ibew's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nyc Electricians Retired Local 3 Ibew is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-269,589 |
| Total Assets | $5.1M |
| Total Liabilities | $50K |
| Net Assets | $5.0M |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 23.3 months |
Financial Health Grade: B
In 2023, Nyc Electricians Retired Local 3 Ibew reported a deficit of $270K with expenses exceeding revenue, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nyc Electricians Retired Local 3 Ibew's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.3% | +23.2% | -2.5% |
| 2022 | -4.8% | +6.6% | -4.0% |
| 2021 | +5.5% | +13.9% | +10.3% |
| 2020 | +2.5% | -9.9% | +15.9% |
| 2019 | +12.2% | -4.2% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Nyc Electricians Retired Local 3 Ibew 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, Nyc Electricians Retired Local 3 Ibew 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 $270K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with millions in revenue and assets.
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 Nyc Electricians Retired Local 3 Ibew's IRS 990 filings:
- Occasional operating deficits (e.g., 2023 expenses $2,609,637 vs. revenue $2,340,048)
- Lack of detailed program spending breakdown in provided data
Strengths
The following positive indicators were identified for Nyc Electricians Retired Local 3 Ibew:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission
- Strong and growing asset base, consistently exceeding $3.6 million over the decade
- Low liabilities relative to assets (e.g., $50,450 liabilities vs. $5,069,248 assets in 2023)
- General upward trend in revenue over the past decade
- Excellent transparency regarding executive compensation
Frequently Asked Questions about Nyc Electricians Retired Local 3 Ibew
Is Nyc Electricians Retired Local 3 Ibew a legitimate charity?
Based on AI analysis of IRS 990 filings, Nyc Electricians Retired Local 3 Ibew (EIN: 113014132) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Nyc Electricians Retired Local 3 Ibew spend its money?
Nyc Electricians Retired Local 3 Ibew directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nyc Electricians Retired Local 3 Ibew tax-deductible?
Nyc Electricians Retired Local 3 Ibew is registered as a tax-exempt nonprofit (EIN: 113014132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nyc Electricians Retired Local 3 Ibew located?
Nyc Electricians Retired Local 3 Ibew is headquartered in Fresh Meadows, New York and files with the IRS under EIN 113014132.
How many years of IRS 990 filings does Nyc Electricians Retired Local 3 Ibew have?
Nyc Electricians Retired Local 3 Ibew 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 $5.2M in total revenue.
How does Nyc Electricians Retired Local 3 Ibew manage to operate with 0% officer compensation?
The filings consistently report 0% officer compensation, suggesting that leadership roles may be voluntary or compensated through other means not reported on the 990, or that the organization's structure minimizes the need for paid executive staff.
What are the primary programs or services provided by this organization?
Based solely on the provided IRS 990 data, the specific programs or services are not detailed. The organization's name suggests it supports retired electricians from Local 3 IBEW.
Why did expenses exceed revenue in 2023 and other years?
In 2023, expenses ($2,609,637) exceeded revenue ($2,340,048). This can happen due to various reasons such as strategic investments, one-time expenditures, or drawing from reserves. Given the substantial asset base ($5,069,248 in 2023), these deficits do not appear to threaten the organization's solvency.
What is the NTEE Code for this organization?
The NTEE Code for Nyc Electricians Retired Local 3 Ibew is listed as 'Unknown' in the provided data.
Filing History
IRS 990 filing history for Nyc Electricians Retired Local 3 Ibew showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nyc Electricians Retired Local 3 Ibew's revenue has grown by 52.8%, moving from $1.5M to $2.3M. Total assets increased by 18.5% over the same period, from $4.3M to $5.1M. Total functional expenses rose by 155.8%, from $1.0M to $2.6M. In its most recent filing year (2023), Nyc Electricians Retired Local 3 Ibew reported a deficit of $270K, with expenses exceeding revenue. The organization holds $50K in liabilities against $5.1M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.6M | $5.1M | $50K | — | — |
| 2022 | $2.4M | $2.1M | $5.2M | $157K | — | View 990 |
| 2021 | $2.5M | $2.0M | $5.4M | $86K | — | View 990 |
| 2020 | $2.4M | $1.7M | $4.9M | $175K | — | — |
| 2019 | $2.3M | $1.9M | $4.2M | $285K | — | — |
| 2018 | $2.1M | $2.0M | $3.7M | $415K | — | View 990 |
| 2017 | $2.0M | $2.4M | $3.8M | $430K | — | View 990 |
| 2016 | $2.0M | $2.3M | $4.1M | $446K | — | View 990 |
| 2015 | $1.8M | $1.8M | $4.3M | $331K | — | View 990 |
| 2014 | $1.7M | $1.6M | $4.4M | $305K | — | View 990 |
| 2013 | $1.5M | $2.0M | $4.3M | $374K | — | View 990 |
| 2012 | $1.6M | $1.1M | $4.6M | $212K | — | View 990 |
| 2011 | $1.5M | $1.0M | $4.3M | $343K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.6M, and assets of $5.1M (revenue -2.3% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.1M, and assets of $5.2M (revenue -4.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.0M, and assets of $5.4M (revenue +5.5% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.7M, and assets of $4.9M (revenue +2.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.9M, and assets of $4.2M (revenue +12.2% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $3.7M (revenue +1.9% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.4M, and assets of $3.8M (revenue -0.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.3M, and assets of $4.1M (revenue +16.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $4.3M (revenue +5.0% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $4.4M (revenue +13.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.0M, and assets of $4.3M (revenue -5.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.1M, and assets of $4.6M (revenue +1.6% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.0M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nyc Electricians Retired Local 3 Ibew:
Data Sources and Methodology
This transparency report for Nyc Electricians Retired Local 3 Ibew 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.