Who is the IBEW?
True Nonprofits
Unions like to claim they are similar to a nonprofit organization, but true nonprofits put the majority of their spending into programs instead of on overhead (staff, offices, etc.). The industry standard is to invest at least 65% in their programs.
According to the Forbes Top Charities list for 2021, the top 100 charities invested an average of 87% in their programs.
IBEW Spending
According to their own financial statement, the IBEW had a total income of more than $1.4 Billion in 2021, yet only spent 4.3% on Representational Activities, including strike payments. The rest was spent on salaries, benefits and perks, office space and equipment, and other overhead expenses.
- 2021: 678,367 93%
- 2000: 727,836 100%
- 2021: $156,828,317 100%
- 2000: $68,701,597 44%
From 2000 to 2021, the IBEW National lost 49,469 members, or just about 7% of their total membership. Yet in 2021, the IBEW National collected 128% more while with fewer members. Dues, along with fines, fees and assessments, are the major source of a union’s income. How safe is your wallet?