International Association Bridge & Structural Iron Workers Local 40
Iron Workers Local 40 shows consistent asset growth and positive net income over the past decade.
EIN: 135512638 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.2M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $61.2M |
| Transparency Score | 85/100 |
Is International Association Bridge & Structural Iron Workers Local 40 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Association Bridge & Structural Iron Workers Local 40 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Association Bridge & Structural Iron Workers Local 40
International Association Bridge & Structural Iron Workers Local 40 (EIN: 135512638) is a nonprofit organization based in New York, NY. The organization reported total revenue of $21.2M and total assets of $63.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Association Bridge & Structural Iron Workers Local 40's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Association Bridge & Structural Iron Workers Local 40 is a large nonprofit that has been operating for 82 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$132K |
| Total Assets | $61.3M |
| Total Liabilities | $133K |
| Net Assets | $61.2M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 122.3 months |
Financial Health Grade: A
In 2024, International Association Bridge & Structural Iron Workers Local 40 reported a surplus of $132K with revenue exceeding expenses, holds 122.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), International Association Bridge & Structural Iron Workers Local 40's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.7% | +7.7% | +11.7% |
| 2023 | -18.8% | +0.4% | +1.2% |
| 2022 | -17.4% | +2.4% | +4.1% |
| 2021 | +37.5% | +5.2% | +8.1% |
| 2020 | -4.4% | -2.1% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1944 |
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 International Association Bridge & Structural Iron Workers Local 40 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, International Association Bridge & Structural Iron Workers Local 40 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $132K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting that top leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which could contribute to lower overhead.
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 International Association Bridge & Structural Iron Workers Local 40's IRS 990 filings:
- NTEE Code is unknown, making peer comparison difficult
- Detailed expense breakdown (program vs. admin vs. fundraising) not provided in summary data
Strengths
The following positive indicators were identified for International Association Bridge & Structural Iron Workers Local 40:
- Consistent asset growth, nearly doubling in a decade from $33M to $63M
- Positive net income in all reported periods, indicating financial stability
- Very low to zero reported liabilities across multiple years
- No reported officer compensation, potentially indicating efficient use of funds for leadership
Frequently Asked Questions about International Association Bridge & Structural Iron Workers Local 40
Is International Association Bridge & Structural Iron Workers Local 40 a legitimate charity?
International Association Bridge & Structural Iron Workers Local 40 (EIN: 135512638) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $21.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does International Association Bridge & Structural Iron Workers Local 40 spend its money?
International Association Bridge & Structural Iron Workers Local 40 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to International Association Bridge & Structural Iron Workers Local 40 tax-deductible?
International Association Bridge & Structural Iron Workers Local 40 is registered as a tax-exempt nonprofit (EIN: 135512638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Association Bridge & Structural Iron Workers Local 40's spending goes to programs?
International Association Bridge & Structural Iron Workers Local 40 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is International Association Bridge & Structural Iron Workers Local 40 located?
International Association Bridge & Structural Iron Workers Local 40 is headquartered in New York, New York and files with the IRS under EIN 135512638.
How many years of IRS 990 filings does International Association Bridge & Structural Iron Workers Local 40 have?
International Association Bridge & Structural Iron Workers Local 40 has 14 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 $21.2M in total revenue.
Is International Association Bridge & Structural Iron Workers Local 40 a good charity?
Based on its financial health, the organization appears to be very stable with consistent asset growth and positive net income. The absence of reported officer compensation is also a positive indicator for resource allocation. However, without a detailed breakdown of program spending, it's difficult to fully assess its direct charitable impact.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved, with assets nearly doubling from $33,385,398 in 2015 to $63,652,943 currently. Revenue and expenses have also shown growth, consistently maintaining a positive net income.
What is the trend in the organization's liabilities?
Liabilities have remained consistently low, often reported as $0 in several periods, and never exceeding $258,805 in the provided data, indicating a very strong balance sheet and minimal debt burden.
Filing History
IRS 990 filing history for International Association Bridge & Structural Iron Workers Local 40 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), International Association Bridge & Structural Iron Workers Local 40's revenue has declined by 5.1%, moving from $6.5M to $6.1M. Total assets increased by 191% over the same period, from $21.1M to $61.3M. Total functional expenses rose by 76.2%, from $3.4M to $6.0M. In its most recent filing year (2024), International Association Bridge & Structural Iron Workers Local 40 reported a surplus of $132K, with revenue exceeding expenses. The organization holds $133K in liabilities against $61.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $61.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.1M | $6.0M | $61.3M | $133K | — | View 990 |
| 2023 | $6.3M | $5.6M | $54.9M | $0 | — | View 990 |
| 2022 | $7.7M | $5.6M | $54.2M | $0 | — | View 990 |
| 2021 | $9.3M | $5.4M | $52.1M | $0 | — | View 990 |
| 2020 | $6.8M | $5.2M | $48.2M | $0 | — | View 990 |
| 2019 | $7.1M | $5.3M | $46.7M | $95K | — | View 990 |
| 2018 | $8.0M | $5.1M | $44.9M | $159K | — | View 990 |
| 2017 | $9.8M | $5.4M | $42.2M | $259K | — | View 990 |
| 2016 | $8.9M | $4.7M | $37.7M | $103K | — | View 990 |
| 2015 | $7.1M | $4.1M | $33.4M | $87K | — | View 990 |
| 2014 | $7.3M | $4.1M | $30.4M | $87K | — | View 990 |
| 2013 | $7.5M | $4.2M | $27.2M | $68K | — | View 990 |
| 2012 | $6.5M | $3.6M | $24.0M | $51K | — | View 990 |
| 2011 | $6.5M | $3.4M | $21.1M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.1M, expenses of $6.0M, and assets of $61.3M (revenue -1.7% year-over-year).
- 2023: Revenue of $6.3M, expenses of $5.6M, and assets of $54.9M (revenue -18.8% year-over-year).
- 2022: Revenue of $7.7M, expenses of $5.6M, and assets of $54.2M (revenue -17.4% year-over-year).
- 2021: Revenue of $9.3M, expenses of $5.4M, and assets of $52.1M (revenue +37.5% year-over-year).
- 2020: Revenue of $6.8M, expenses of $5.2M, and assets of $48.2M (revenue -4.4% year-over-year).
- 2019: Revenue of $7.1M, expenses of $5.3M, and assets of $46.7M (revenue -11.0% year-over-year).
- 2018: Revenue of $8.0M, expenses of $5.1M, and assets of $44.9M (revenue -18.2% year-over-year).
- 2017: Revenue of $9.8M, expenses of $5.4M, and assets of $42.2M (revenue +9.1% year-over-year).
- 2016: Revenue of $8.9M, expenses of $4.7M, and assets of $37.7M (revenue +26.1% year-over-year).
- 2015: Revenue of $7.1M, expenses of $4.1M, and assets of $33.4M (revenue -2.6% year-over-year).
- 2014: Revenue of $7.3M, expenses of $4.1M, and assets of $30.4M (revenue -2.6% year-over-year).
- 2013: Revenue of $7.5M, expenses of $4.2M, and assets of $27.2M (revenue +14.4% year-over-year).
- 2012: Revenue of $6.5M, expenses of $3.6M, and assets of $24.0M (revenue +0.8% year-over-year).
- 2011: Revenue of $6.5M, expenses of $3.4M, and assets of $21.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Association Bridge & Structural Iron Workers Local 40:
Data Sources and Methodology
This transparency report for International Association Bridge & Structural Iron Workers Local 40 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.