International Brotherhood of Electrical Workers

Analysis

International Brotherhood of Electrical Workers is a registered charity in United States, based in Castroville, CA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, International Brotherhood of Electrical Workers reported income of $610k and spending of $491k, spending 80% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $482k to $610k (+26%), an average of +8.1% a year. The sharpest change came in the year to May 2021, when income rose by 45%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Brotherhood of Electrical Workers sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Bread Basket Ministries ($609k), Highlands Ranch Rotary Foundation Inc ($610k) and Operation Troop Appreciation ($609k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Other salaries and wages came to $181k. At year end it held assets of $2.8m against liabilities of $394k, net assets of $2.4m. It reported 13 employees.