International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi consistently grows assets with no reported officer compensation.
EIN: 111991978 · Floral Park, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| Net Assets | $9.3M |
| Transparency Score | 85/100 |
Is International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi (EIN: 111991978) is a nonprofit organization based in Floral Park, NY. The organization reported total revenue of $2.7M and total assets of $10.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi is a mid-size nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$79K |
| Total Assets | $10.0M |
| Total Liabilities | $703K |
| Net Assets | $9.3M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2024, International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi reported a surplus of $79K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.4% | +4.9% | +3.9% |
| 2023 | +12.2% | -18.1% | +4.4% |
| 2022 | -17.0% | +0.4% | -6.8% |
| 2021 | -9.5% | -1.1% | -0.3% |
| 2020 | -33.0% | +0.2% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1954 |
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 Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue.
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 Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
- Unusually low reported liabilities relative to assets, which could indicate conservative accounting or specific operational structure
Strengths
The following positive indicators were identified for International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi:
- Consistent asset growth, from $5.3M in 2015 to over $10.4M currently
- Generally operates with a financial surplus, indicating sound management
- 0% reported officer compensation across all filings, suggesting high efficiency or volunteer leadership
- Low liabilities relative to assets, indicating strong financial stability
- Consistent filing history over 13 periods, demonstrating transparency and compliance
Frequently Asked Questions about International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi
Is International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi (EIN: 111991978) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi spend its money?
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi tax-deductible?
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi is registered as a tax-exempt nonprofit (EIN: 111991978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi's spending goes to programs?
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi located?
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi is headquartered in Floral Park, New York and files with the IRS under EIN 111991978.
How many years of IRS 990 filings does International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi have?
International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi 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 $2.7M in total revenue.
Is International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi a good charity?
Based on the provided financial data, the organization demonstrates strong financial health, consistent asset growth, and a notable absence of reported officer compensation, which are positive indicators. However, without detailed program spending information, a full assessment of its charitable impact is limited.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $5,331,891 in 201506 to $10,478,779 currently. Revenue and expenses have fluctuated but generally show a pattern of operating with a surplus, contributing to asset accumulation.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, with a high of $4,866,706 in 201906 and a low of $2,121,867 in 201606. More recently, it has been around $2.6-$2.7 million, showing some variability but generally maintaining a substantial income stream.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It suggests that the organization's top leadership is not drawing a salary, which can indicate a strong commitment to the mission and efficient use of funds. However, it could also mean compensation is reported under different categories or that the organization relies heavily on volunteers.
Filing History
IRS 990 filing history for International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi's revenue has grown by 73.7%, moving from $1.5M to $2.6M. Total assets increased by 93.9% over the same period, from $5.2M to $10.0M. Total functional expenses rose by 28.5%, from $2.0M to $2.5M. In its most recent filing year (2024), International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi reported a surplus of $79K, with revenue exceeding expenses. The organization holds $703K in liabilities against $10.0M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $2.5M | $10.0M | $703K | — | View 990 |
| 2023 | $2.8M | $2.4M | $9.7M | $578K | — | View 990 |
| 2022 | $2.5M | $3.0M | $9.2M | $483K | — | View 990 |
| 2021 | $3.0M | $3.0M | $9.9M | $420K | — | — |
| 2020 | $3.3M | $3.0M | $10.0M | $442K | — | View 990 |
| 2019 | $4.9M | $3.0M | $9.7M | $458K | — | View 990 |
| 2018 | $3.0M | $2.5M | $7.9M | $535K | — | — |
| 2017 | $3.4M | $2.2M | $6.7M | $360K | — | View 990 |
| 2016 | $2.1M | $2.0M | $5.5M | $361K | — | View 990 |
| 2015 | $2.4M | $1.9M | $5.3M | $316K | — | View 990 |
| 2014 | $1.7M | $1.8M | $4.7M | $234K | — | View 990 |
| 2013 | $1.5M | $1.9M | $4.7M | $127K | — | View 990 |
| 2012 | $1.5M | $2.0M | $5.2M | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.6M, expenses of $2.5M, and assets of $10.0M (revenue -4.4% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.4M, and assets of $9.7M (revenue +12.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.0M, and assets of $9.2M (revenue -17.0% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $9.9M (revenue -9.5% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.0M, and assets of $10.0M (revenue -33.0% year-over-year).
- 2019: Revenue of $4.9M, expenses of $3.0M, and assets of $9.7M (revenue +60.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.5M, and assets of $7.9M (revenue -10.6% year-over-year).
- 2017: Revenue of $3.4M, expenses of $2.2M, and assets of $6.7M (revenue +59.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $5.5M (revenue -12.0% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.9M, and assets of $5.3M (revenue +43.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $4.7M (revenue +14.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $4.7M (revenue -3.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $2.0M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi:
Data Sources and Methodology
This transparency report for International Brotherhood Of Boiler Makers Iron Ship Builders Blacksmi 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.