Ibew Local Union 363 Joint Apprentice Training Fund
Apprentice Training Fund maintains stable program spending amidst fluctuating revenues and declining assets.
EIN: 136132505 · Harriman, NY · NTEE: J22I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $7.5M |
| Transparency Score | 85/100 |
Is Ibew Local Union 363 Joint Apprentice Training Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ibew Local Union 363 Joint Apprentice Training Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ibew Local Union 363 Joint Apprentice Training Fund
Ibew Local Union 363 Joint Apprentice Training Fund (EIN: 136132505) is a nonprofit organization based in Harriman, NY, classified under NTEE code J22I. The organization reported total revenue of $3.1M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ibew Local Union 363 Joint Apprentice Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ibew Local Union 363 Joint Apprentice Training Fund is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$569K |
| Total Assets | $7.6M |
| Total Liabilities | $23K |
| Net Assets | $7.5M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 62.2 months |
Financial Health Grade: A
In 2023, Ibew Local Union 363 Joint Apprentice Training Fund reported a surplus of $569K with revenue exceeding expenses, holds 62.2 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), Ibew Local Union 363 Joint Apprentice Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.8% | -2.3% | +9.2% |
| 2022 | -22.5% | -6.7% | -17.0% |
| 2021 | +11.6% | +0.8% | -28.3% |
| 2020 | -40.5% | -3.3% | -11.6% |
| 2019 | +8.6% | +7.1% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ibew Local Union 363 Joint Apprentice Training Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ibew Local Union 363 Joint Apprentice Training Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $569K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ibew Local Union 363 Joint Apprentice Training Fund's IRS 990 filings:
- Significant decline in total assets from $13.1M in 2019 to $7.5M in 2023 without clear explanation in provided data.
Strengths
The following positive indicators were identified for Ibew Local Union 363 Joint Apprentice Training Fund:
- Consistent 0% officer compensation across all filings, indicating strong financial transparency and resource allocation.
- Stable program spending despite fluctuating revenues, demonstrating commitment to mission.
- Very low liabilities relative to assets, indicating financial stability.
- Healthy operating surplus in the most recent filing (202312) with revenues of $2,026,641 exceeding expenses of $1,457,296.
Frequently Asked Questions about Ibew Local Union 363 Joint Apprentice Training Fund
Is Ibew Local Union 363 Joint Apprentice Training Fund a legitimate charity?
Ibew Local Union 363 Joint Apprentice Training Fund (EIN: 136132505) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Ibew Local Union 363 Joint Apprentice Training Fund spend its money?
Ibew Local Union 363 Joint Apprentice Training Fund directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Ibew Local Union 363 Joint Apprentice Training Fund tax-deductible?
Ibew Local Union 363 Joint Apprentice Training Fund is registered as a tax-exempt nonprofit (EIN: 136132505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ibew Local Union 363 Joint Apprentice Training Fund's spending goes to programs?
Ibew Local Union 363 Joint Apprentice Training Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ibew Local Union 363 Joint Apprentice Training Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ibew Local Union 363 Joint Apprentice Training Fund is above average for NTEE category J22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ibew Local Union 363 Joint Apprentice Training Fund located?
Ibew Local Union 363 Joint Apprentice Training Fund is headquartered in Harriman, New York and files with the IRS under EIN 136132505. It is classified under NTEE code J22I.
How many years of IRS 990 filings does Ibew Local Union 363 Joint Apprentice Training Fund have?
Ibew Local Union 363 Joint Apprentice Training 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 $3.1M in total revenue.
Is Ibew Local Union 363 Joint Apprentice Training Fund a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent program spending, low administrative overhead, and zero officer compensation. Its primary focus is on training, which aligns with its NTEE code.
Why have the organization's assets decreased significantly since 2019?
The organization's assets have decreased from $13,153,846 in 201912 to $7,551,346 in 202312. This trend requires further investigation into potential asset sales, investment performance, or increased program expenditures not fully offset by revenue.
How does the organization manage its revenue fluctuations?
Revenue has varied significantly, from $984,836 in 202212 to $2,026,641 in 202312. Despite this, expenses have remained relatively stable, suggesting effective financial management to ensure consistent program delivery regardless of annual income variations.
Filing History
IRS 990 filing history for Ibew Local Union 363 Joint Apprentice Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ibew Local Union 363 Joint Apprentice Training Fund's revenue has grown by 27.5%, moving from $1.6M to $2.0M. Total assets decreased by 18.8% over the same period, from $9.3M to $7.6M. Total functional expenses fell by 8.6%, from $1.6M to $1.5M. In its most recent filing year (2023), Ibew Local Union 363 Joint Apprentice Training Fund reported a surplus of $569K, with revenue exceeding expenses. The organization holds $23K in liabilities against $7.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.5M | $7.6M | $23K | — | — |
| 2022 | $985K | $1.5M | $6.9M | $67K | — | View 990 |
| 2021 | $1.3M | $1.6M | $8.3M | $112K | — | View 990 |
| 2020 | $1.1M | $1.6M | $11.6M | $29K | — | View 990 |
| 2019 | $1.9M | $1.6M | $13.2M | $450K | — | View 990 |
| 2018 | $1.8M | $1.5M | $11.8M | $23K | — | View 990 |
| 2017 | $2.5M | $1.5M | $12.2M | $29K | — | View 990 |
| 2016 | $1.8M | $1.4M | $10.7M | $26K | — | View 990 |
| 2015 | $1.6M | $1.3M | $10.1M | $36K | — | View 990 |
| 2014 | $1.5M | $1.3M | $10.0M | $45K | — | View 990 |
| 2013 | $1.5M | $1.3M | $9.7M | $33K | — | View 990 |
| 2012 | $1.3M | $1.3M | $9.5M | $37K | — | View 990 |
| 2011 | $1.6M | $1.6M | $9.3M | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $7.6M (revenue +105.8% year-over-year).
- 2022: Revenue of $985K, expenses of $1.5M, and assets of $6.9M (revenue -22.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.6M, and assets of $8.3M (revenue +11.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.6M, and assets of $11.6M (revenue -40.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.6M, and assets of $13.2M (revenue +8.6% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $11.8M (revenue -29.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.5M, and assets of $12.2M (revenue +41.9% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.4M, and assets of $10.7M (revenue +9.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $10.1M (revenue +5.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $10.0M (revenue -1.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $9.7M (revenue +14.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $9.5M (revenue -15.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ibew Local Union 363 Joint Apprentice Training Fund:
Data Sources and Methodology
This transparency report for Ibew Local Union 363 Joint Apprentice 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.