Asbestos Workers Education & Training Fund
EIN: 46374405 · Boston, MA
| Metric | Value |
|---|---|
| Total Revenue | $931K |
| Total Expenses | $570K |
| Net Assets | $1.6M |
Is Asbestos Workers Education & Training Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asbestos Workers Education & Training Fund
Asbestos Workers Education & Training Fund (EIN: 46374405) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $931K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asbestos Workers Education & Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asbestos Workers Education & Training Fund is a small nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $841K |
| Total Expenses | $570K |
| Surplus / Deficit | +$271K |
| Total Assets | $1.9M |
| Total Liabilities | $346K |
| Net Assets | $1.6M |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 40.1 months |
Financial Health Grade: A
In 2023, Asbestos Workers Education & Training Fund reported a surplus of $271K with revenue exceeding expenses, holds 40.1 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Asbestos Workers Education & Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +0.7% | +19.5% |
| 2022 | +14.3% | +20.8% | +41.6% |
| 2021 | +44.9% | +33.0% | +24.3% |
| 2020 | -15.8% | -6.8% | +13.8% |
| 2019 | +16.5% | +14.1% | +28.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asbestos Workers Education & Training Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asbestos Workers Education & Training Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $271K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.1%.
Frequently Asked Questions about Asbestos Workers Education & Training Fund
Is Asbestos Workers Education & Training Fund a legitimate charity?
Asbestos Workers Education & Training Fund (EIN: 46374405) is a registered tax-exempt nonprofit based in Massachusetts. It has 14 years of IRS 990 filings on record. Total revenue: $931K. No red flags identified. Financial health grade: A.
How does Asbestos Workers Education & Training Fund spend its money?
Asbestos Workers Education & Training Fund reported $931K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Asbestos Workers Education & Training Fund tax-deductible?
Asbestos Workers Education & Training Fund is registered as a tax-exempt nonprofit (EIN: 46374405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asbestos Workers Education & Training Fund located?
Asbestos Workers Education & Training Fund is headquartered in Boston, Massachusetts and files with the IRS under EIN 46374405.
How many years of IRS 990 filings does Asbestos Workers Education & Training Fund have?
Asbestos Workers Education & Training Fund has 14 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 $931K in total revenue.
Filing History
IRS 990 filing history for Asbestos Workers Education & Training Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Asbestos Workers Education & Training Fund's revenue has grown by 472.7%, moving from $147K to $841K. Total assets increased by 365.8% over the same period, from $409K to $1.9M. Total functional expenses rose by 162.1%, from $218K to $570K. In its most recent filing year (2023), Asbestos Workers Education & Training Fund reported a surplus of $271K, with revenue exceeding expenses. The organization holds $346K in liabilities against $1.9M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $841K | $570K | $1.9M | $346K | — | — |
| 2022 | $771K | $566K | $1.6M | $304K | — | — |
| 2021 | $674K | $469K | $1.1M | $41K | — | View 990 |
| 2020 | $465K | $352K | $906K | $26K | — | View 990 |
| 2019 | $553K | $378K | $796K | $29K | — | View 990 |
| 2018 | $475K | $332K | $619K | $27K | — | View 990 |
| 2017 | $410K | $314K | $470K | $21K | — | View 990 |
| 2016 | $319K | $295K | $406K | $53K | — | View 990 |
| 2015 | $296K | $266K | $345K | $17K | — | View 990 |
| 2014 | $243K | $260K | $319K | $21K | — | View 990 |
| 2013 | $250K | $253K | $339K | $24K | — | View 990 |
| 2012 | $169K | $229K | $335K | $16K | — | View 990 |
| 2011 | $153K | $172K | $389K | $10K | — | View 990 |
| 2010 | $147K | $218K | $409K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $841K, expenses of $570K, and assets of $1.9M (revenue +9.1% year-over-year).
- 2022: Revenue of $771K, expenses of $566K, and assets of $1.6M (revenue +14.3% year-over-year).
- 2021: Revenue of $674K, expenses of $469K, and assets of $1.1M (revenue +44.9% year-over-year).
- 2020: Revenue of $465K, expenses of $352K, and assets of $906K (revenue -15.8% year-over-year).
- 2019: Revenue of $553K, expenses of $378K, and assets of $796K (revenue +16.5% year-over-year).
- 2018: Revenue of $475K, expenses of $332K, and assets of $619K (revenue +15.7% year-over-year).
- 2017: Revenue of $410K, expenses of $314K, and assets of $470K (revenue +28.6% year-over-year).
- 2016: Revenue of $319K, expenses of $295K, and assets of $406K (revenue +7.7% year-over-year).
- 2015: Revenue of $296K, expenses of $266K, and assets of $345K (revenue +22.1% year-over-year).
- 2014: Revenue of $243K, expenses of $260K, and assets of $319K (revenue -2.8% year-over-year).
- 2013: Revenue of $250K, expenses of $253K, and assets of $339K (revenue +48.1% year-over-year).
- 2012: Revenue of $169K, expenses of $229K, and assets of $335K (revenue +10.1% year-over-year).
- 2011: Revenue of $153K, expenses of $172K, and assets of $389K (revenue +4.3% year-over-year).
- 2010: Revenue of $147K, expenses of $218K, and assets of $409K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asbestos Workers Education & Training Fund:
Data Sources and Methodology
This transparency report for Asbestos Workers Education & Training Fund 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.