Builders Hardware Manufacturers Association
EIN: 60602255 · Washington, DC
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.6M |
| Net Assets | $497K |
Is Builders Hardware Manufacturers Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Builders Hardware Manufacturers Association
Builders Hardware Manufacturers Association (EIN: 60602255) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $1.9M and total assets of $893K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Builders Hardware Manufacturers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Builders Hardware Manufacturers Association is a mid-size nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-106,004 |
| Total Assets | $740K |
| Total Liabilities | $244K |
| Net Assets | $497K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 32.9% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Builders Hardware Manufacturers Association reported a deficit of $106K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 32.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Builders Hardware Manufacturers Association's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +0.7% | -11.1% |
| 2022 | -5.6% | +17.6% | -29.7% |
| 2021 | +8.7% | +5.6% | -10.9% |
| 2020 | -4.5% | -8.1% | +5.2% |
| 2019 | +3.8% | +9.3% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Builders Hardware Manufacturers Association 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 Builders Hardware Manufacturers Association 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 $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.9%.
Frequently Asked Questions about Builders Hardware Manufacturers Association
Is Builders Hardware Manufacturers Association a legitimate charity?
Builders Hardware Manufacturers Association (EIN: 60602255) is a registered tax-exempt nonprofit based in Washington DC. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Builders Hardware Manufacturers Association spend its money?
Builders Hardware Manufacturers Association reported $1.9M 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 Builders Hardware Manufacturers Association tax-deductible?
Builders Hardware Manufacturers Association is registered as a tax-exempt nonprofit (EIN: 60602255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Builders Hardware Manufacturers Association located?
Builders Hardware Manufacturers Association is headquartered in Washington, Washington DC and files with the IRS under EIN 60602255.
How many years of IRS 990 filings does Builders Hardware Manufacturers Association have?
Builders Hardware Manufacturers Association 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Builders Hardware Manufacturers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Builders Hardware Manufacturers Association's revenue has grown by 164.4%, moving from $581K to $1.5M. Total assets increased by 28.1% over the same period, from $578K to $740K. Total functional expenses rose by 137.1%, from $693K to $1.6M. In its most recent filing year (2023), Builders Hardware Manufacturers Association reported a deficit of $106K, with expenses exceeding revenue. The organization holds $244K in liabilities against $740K in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $497K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $740K | $244K | — | View 990 |
| 2022 | $1.3M | $1.6M | $833K | $16K | — | View 990 |
| 2021 | $1.4M | $1.4M | $1.2M | $36K | — | View 990 |
| 2020 | $1.3M | $1.3M | $1.3M | $36K | — | View 990 |
| 2019 | $1.3M | $1.4M | $1.3M | $59K | — | — |
| 2018 | $1.3M | $1.3M | $1.4M | $94K | — | View 990 |
| 2017 | $1.2M | $1.2M | $1.4M | $112K | — | View 990 |
| 2016 | $1.2M | $956K | $1.4M | $86K | — | View 990 |
| 2015 | $1.2M | $1.1M | $1.1M | $0 | — | View 990 |
| 2014 | $989K | $905K | $1.1M | $0 | — | View 990 |
| 2013 | $1.0M | $824K | $967K | $0 | — | View 990 |
| 2012 | $917K | $716K | $778K | $0 | — | View 990 |
| 2011 | $581K | $693K | $578K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $740K (revenue +18.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.6M, and assets of $833K (revenue -5.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $1.2M (revenue +8.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue -4.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue +3.8% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue +3.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +1.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $956K, and assets of $1.4M (revenue +1.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue +20.8% year-over-year).
- 2014: Revenue of $989K, expenses of $905K, and assets of $1.1M (revenue -2.3% year-over-year).
- 2013: Revenue of $1.0M, expenses of $824K, and assets of $967K (revenue +10.5% year-over-year).
- 2012: Revenue of $917K, expenses of $716K, and assets of $778K (revenue +57.7% year-over-year).
- 2011: Revenue of $581K, expenses of $693K, and assets of $578K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Builders Hardware Manufacturers Association:
Data Sources and Methodology
This transparency report for Builders Hardware Manufacturers Association 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.