Asbestos Workers Local 24 Apprentice Fund
EIN: 526083904 · Columbia, MD
| Metric | Value |
|---|---|
| Total Revenue | $602K |
| Total Expenses | $626K |
| Net Assets | $2.7M |
Is Asbestos Workers Local 24 Apprentice 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 Local 24 Apprentice Fund
Asbestos Workers Local 24 Apprentice Fund (EIN: 526083904) is a nonprofit organization based in Columbia, MD. The organization reported total revenue of $602K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asbestos Workers Local 24 Apprentice Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asbestos Workers Local 24 Apprentice Fund is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $608K |
| Total Expenses | $626K |
| Surplus / Deficit | $-18,706 |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | -3.1% |
| Months of Reserves | 51.8 months |
Financial Health Grade: B
In 2023, Asbestos Workers Local 24 Apprentice Fund reported a deficit of $19K with expenses exceeding revenue, holds 51.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Asbestos Workers Local 24 Apprentice Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +22.6% | -0.7% |
| 2022 | -17.3% | +27.6% | +2.3% |
| 2021 | +17.2% | +28.5% | +5.2% |
| 2020 | -6.2% | -2.9% | +11.3% |
| 2019 | -28.6% | -9.8% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asbestos Workers Local 24 Apprentice 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 Local 24 Apprentice 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 deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about Asbestos Workers Local 24 Apprentice Fund
Is Asbestos Workers Local 24 Apprentice Fund a legitimate charity?
Asbestos Workers Local 24 Apprentice Fund (EIN: 526083904) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $602K. No red flags identified. Financial health grade: B.
How does Asbestos Workers Local 24 Apprentice Fund spend its money?
Asbestos Workers Local 24 Apprentice Fund reported $602K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Asbestos Workers Local 24 Apprentice Fund tax-deductible?
Asbestos Workers Local 24 Apprentice Fund is registered as a tax-exempt nonprofit (EIN: 526083904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asbestos Workers Local 24 Apprentice Fund located?
Asbestos Workers Local 24 Apprentice Fund is headquartered in Columbia, Maryland and files with the IRS under EIN 526083904.
How many years of IRS 990 filings does Asbestos Workers Local 24 Apprentice Fund have?
Asbestos Workers Local 24 Apprentice Fund 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 $602K in total revenue.
Filing History
IRS 990 filing history for Asbestos Workers Local 24 Apprentice Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asbestos Workers Local 24 Apprentice Fund's revenue has grown by 81.7%, moving from $334K to $608K. Total assets increased by 321.1% over the same period, from $642K to $2.7M. Total functional expenses rose by 40.7%, from $445K to $626K. In its most recent filing year (2023), Asbestos Workers Local 24 Apprentice Fund reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $608K | $626K | $2.7M | $0 | — | — |
| 2022 | $553K | $511K | $2.7M | $0 | — | — |
| 2021 | $669K | $401K | $2.7M | $0 | — | View 990 |
| 2020 | $571K | $312K | $2.5M | $0 | — | — |
| 2019 | $608K | $321K | $2.3M | $2K | — | View 990 |
| 2018 | $852K | $356K | $2.0M | $0 | — | View 990 |
| 2017 | $1.2M | $330K | $1.5M | $0 | — | View 990 |
| 2016 | $344K | $331K | $587K | $0 | — | View 990 |
| 2015 | $331K | $358K | $574K | $0 | — | View 990 |
| 2014 | $387K | $436K | $601K | $0 | — | View 990 |
| 2013 | $347K | $310K | $697K | $35K | — | View 990 |
| 2012 | $314K | $326K | $628K | $4K | — | View 990 |
| 2011 | $334K | $445K | $642K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $608K, expenses of $626K, and assets of $2.7M (revenue +9.9% year-over-year).
- 2022: Revenue of $553K, expenses of $511K, and assets of $2.7M (revenue -17.3% year-over-year).
- 2021: Revenue of $669K, expenses of $401K, and assets of $2.7M (revenue +17.2% year-over-year).
- 2020: Revenue of $571K, expenses of $312K, and assets of $2.5M (revenue -6.2% year-over-year).
- 2019: Revenue of $608K, expenses of $321K, and assets of $2.3M (revenue -28.6% year-over-year).
- 2018: Revenue of $852K, expenses of $356K, and assets of $2.0M (revenue -29.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $330K, and assets of $1.5M (revenue +251.3% year-over-year).
- 2016: Revenue of $344K, expenses of $331K, and assets of $587K (revenue +4.0% year-over-year).
- 2015: Revenue of $331K, expenses of $358K, and assets of $574K (revenue -14.4% year-over-year).
- 2014: Revenue of $387K, expenses of $436K, and assets of $601K (revenue +11.5% year-over-year).
- 2013: Revenue of $347K, expenses of $310K, and assets of $697K (revenue +10.5% year-over-year).
- 2012: Revenue of $314K, expenses of $326K, and assets of $628K (revenue -6.2% year-over-year).
- 2011: Revenue of $334K, expenses of $445K, and assets of $642K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asbestos Workers Local 24 Apprentice Fund:
Data Sources and Methodology
This transparency report for Asbestos Workers Local 24 Apprentice 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.