International Brotherhood of Electrical Workers Local Union 461

Analysis

International Brotherhood of Electrical Workers Local Union 461 is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, International Brotherhood of Electrical Workers Local Union 461 reported income of $989k and spending of $683k, leaving 31% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $558k to $989k (+77%), an average of +15% a year. The sharpest change came in the year to May 2024, when income rose by 61%. Over the whole period it spent 92% 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 Local Union 461 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Werobotics Inc ($989k), Parents and Teachers Association of Public School 8 ($989k) and School Tuition Organization of Southeast Iowa ($989k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $231k (34% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.9m against liabilities of $589k, net assets of $1.3m. It reported 15 employees.