Asbestos Workers Local No 48 Joint Apprenticeship Training Program
EIN: 581270392 · Atlanta, GA
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $106K |
| Net Assets | $215K |
Is Asbestos Workers Local No 48 Joint Apprenticeship Training Program 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 No 48 Joint Apprenticeship Training Program
Asbestos Workers Local No 48 Joint Apprenticeship Training Program (EIN: 581270392) is a nonprofit organization based in Atlanta, GA. The organization reported total revenue of $145K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asbestos Workers Local No 48 Joint Apprenticeship Training Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asbestos Workers Local No 48 Joint Apprenticeship Training Program is a small nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $106K |
| Surplus / Deficit | $-10,621 |
| Total Assets | $216K |
| Total Liabilities | $552 |
| Net Assets | $215K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 24.5 months |
Financial Health Grade: B
In 2023, Asbestos Workers Local No 48 Joint Apprenticeship Training Program reported a deficit of $11K with expenses exceeding revenue, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Asbestos Workers Local No 48 Joint Apprenticeship Training Program's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +3.8% | -4.7% |
| 2022 | -3.1% | +9.6% | -3.8% |
| 2021 | +9.6% | -0.7% | +1.2% |
| 2020 | -31.4% | -3.6% | -2.4% |
| 2019 | +20.5% | +7.6% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1940 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asbestos Workers Local No 48 Joint Apprenticeship Training Program 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 No 48 Joint Apprenticeship Training Program 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 $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Asbestos Workers Local No 48 Joint Apprenticeship Training Program
Is Asbestos Workers Local No 48 Joint Apprenticeship Training Program a legitimate charity?
Asbestos Workers Local No 48 Joint Apprenticeship Training Program (EIN: 581270392) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $145K. No red flags identified. Financial health grade: B.
How does Asbestos Workers Local No 48 Joint Apprenticeship Training Program spend its money?
Asbestos Workers Local No 48 Joint Apprenticeship Training Program reported $145K 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 No 48 Joint Apprenticeship Training Program tax-deductible?
Asbestos Workers Local No 48 Joint Apprenticeship Training Program is registered as a tax-exempt nonprofit (EIN: 581270392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asbestos Workers Local No 48 Joint Apprenticeship Training Program located?
Asbestos Workers Local No 48 Joint Apprenticeship Training Program is headquartered in Atlanta, Georgia and files with the IRS under EIN 581270392.
How many years of IRS 990 filings does Asbestos Workers Local No 48 Joint Apprenticeship Training Program have?
Asbestos Workers Local No 48 Joint Apprenticeship Training Program 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 $145K in total revenue.
Filing History
IRS 990 filing history for Asbestos Workers Local No 48 Joint Apprenticeship Training Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asbestos Workers Local No 48 Joint Apprenticeship Training Program's revenue has declined by 18.3%, moving from $117K to $95K. Total assets increased by 130.5% over the same period, from $94K to $216K. Total functional expenses rose by 8.8%, from $97K to $106K. In its most recent filing year (2023), Asbestos Workers Local No 48 Joint Apprenticeship Training Program reported a deficit of $11K, with expenses exceeding revenue. The organization holds $552 in liabilities against $216K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $215K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $106K | $216K | $552 | — | — |
| 2022 | $93K | $102K | $227K | $552 | — | View 990 |
| 2021 | $96K | $93K | $236K | $552 | — | View 990 |
| 2020 | $88K | $94K | $233K | $613 | — | — |
| 2019 | $128K | $97K | $238K | $422 | — | View 990 |
| 2018 | $106K | $90K | $208K | $327 | — | View 990 |
| 2017 | $92K | $86K | $192K | $288 | — | View 990 |
| 2016 | $116K | $88K | $185K | $380 | — | View 990 |
| 2015 | $116K | $97K | $158K | $362 | — | View 990 |
| 2014 | $107K | $85K | $139K | $357 | — | View 990 |
| 2013 | $93K | $85K | $117K | $23 | — | View 990 |
| 2012 | $109K | $92K | $109K | $126 | — | View 990 |
| 2011 | $117K | $97K | $94K | $779 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $106K, and assets of $216K (revenue +2.4% year-over-year).
- 2022: Revenue of $93K, expenses of $102K, and assets of $227K (revenue -3.1% year-over-year).
- 2021: Revenue of $96K, expenses of $93K, and assets of $236K (revenue +9.6% year-over-year).
- 2020: Revenue of $88K, expenses of $94K, and assets of $233K (revenue -31.4% year-over-year).
- 2019: Revenue of $128K, expenses of $97K, and assets of $238K (revenue +20.5% year-over-year).
- 2018: Revenue of $106K, expenses of $90K, and assets of $208K (revenue +14.9% year-over-year).
- 2017: Revenue of $92K, expenses of $86K, and assets of $192K (revenue -20.2% year-over-year).
- 2016: Revenue of $116K, expenses of $88K, and assets of $185K (revenue -0.1% year-over-year).
- 2015: Revenue of $116K, expenses of $97K, and assets of $158K (revenue +8.4% year-over-year).
- 2014: Revenue of $107K, expenses of $85K, and assets of $139K (revenue +15.3% year-over-year).
- 2013: Revenue of $93K, expenses of $85K, and assets of $117K (revenue -14.6% year-over-year).
- 2012: Revenue of $109K, expenses of $92K, and assets of $109K (revenue -6.9% year-over-year).
- 2011: Revenue of $117K, expenses of $97K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asbestos Workers Local No 48 Joint Apprenticeship Training Program:
Data Sources and Methodology
This transparency report for Asbestos Workers Local No 48 Joint Apprenticeship Training Program 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.