Ibew Local 968 Vacation Plan
EIN: 550672681 · Parkersburg, WV · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $2.2M |
| Net Assets | $0 |
Is Ibew Local 968 Vacation Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ibew Local 968 Vacation Plan
Ibew Local 968 Vacation Plan (EIN: 550672681) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code Y43. The organization reported total revenue of $1.5M and total assets of $669K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local 968 Vacation Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local 968 Vacation Plan is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$0 |
| Total Assets | $1.4M |
| Total Liabilities | $1.4M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Ibew Local 968 Vacation Plan reported a surplus of $0 with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Ibew Local 968 Vacation Plan's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.7% | +36.7% | +43.8% |
| 2022 | +11.6% | +11.6% | +15.2% |
| 2021 | +7.3% | +7.3% | +22.1% |
| 2020 | -28.3% | -28.3% | -30.7% |
| 2019 | -1.6% | -1.6% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ibew Local 968 Vacation Plan 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 Ibew Local 968 Vacation Plan 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Ibew Local 968 Vacation Plan
Is Ibew Local 968 Vacation Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Ibew Local 968 Vacation Plan (EIN: 550672681) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ibew Local 968 Vacation Plan spend its money?
Detailed spending breakdown data is not yet available for Ibew Local 968 Vacation Plan. Check back for updated IRS 990 analysis.
Are donations to Ibew Local 968 Vacation Plan tax-deductible?
Ibew Local 968 Vacation Plan is registered as a tax-exempt nonprofit (EIN: 550672681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ibew Local 968 Vacation Plan located?
Ibew Local 968 Vacation Plan is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 550672681. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Ibew Local 968 Vacation Plan have?
Ibew Local 968 Vacation Plan has 11 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Ibew Local 968 Vacation Plan showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Ibew Local 968 Vacation Plan's revenue has grown by 45.5%, moving from $1.5M to $2.2M. Total assets increased by 106.7% over the same period, from $693K to $1.4M. Total functional expenses rose by 45.5%, from $1.5M to $2.2M. In its most recent filing year (2023), Ibew Local 968 Vacation Plan reported a surplus of $0, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $1.4M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $1.4M | $1.4M | — | — |
| 2022 | $1.6M | $1.6M | $996K | $996K | — | View 990 |
| 2021 | $1.5M | $1.5M | $864K | $864K | — | View 990 |
| 2020 | $1.4M | $1.4M | $707K | $707K | — | — |
| 2019 | $1.9M | $1.9M | $1.0M | $1.0M | — | View 990 |
| 2018 | $1.9M | $1.9M | $996K | $996K | — | View 990 |
| 2017 | $1.5M | $1.5M | $939K | $939K | — | View 990 |
| 2016 | $1.8M | $1.8M | $725K | $725K | — | View 990 |
| 2015 | $2.1M | $2.1M | $908K | $908K | — | View 990 |
| 2014 | $2.0M | $2.0M | $1.0M | $1.0M | — | View 990 |
| 2013 | $1.5M | $1.5M | $693K | $693K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $1.4M (revenue +36.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $996K (revenue +11.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $864K (revenue +7.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $707K (revenue -28.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $1.0M (revenue -1.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $996K (revenue +25.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $939K (revenue -15.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $725K (revenue -11.6% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $908K (revenue +2.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $1.0M (revenue +31.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $693K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local 968 Vacation Plan:
Data Sources and Methodology
This transparency report for Ibew Local 968 Vacation Plan 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.