International Brotherhood Of Teamsters Union Local 331
Teamsters Local 331 maintains stable operations with declining assets and no reported officer compensation.
EIN: 210577323 · Egg Harbor, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| Net Assets | $319K |
| Transparency Score | 75/100 |
Is International Brotherhood Of Teamsters Union Local 331 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 Teamsters Union Local 331 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Brotherhood Of Teamsters Union Local 331
International Brotherhood Of Teamsters Union Local 331 (EIN: 210577323) is a nonprofit organization based in Egg Harbor, NJ. The organization reported total revenue of $1.1M and total assets of $956K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Teamsters Union Local 331's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Brotherhood Of Teamsters Union Local 331 is a mid-size nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$16K |
| Total Assets | $1.0M |
| Total Liabilities | $712K |
| Net Assets | $319K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 69.0% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, International Brotherhood Of Teamsters Union Local 331 reported a surplus of $16K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 69.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Brotherhood Of Teamsters Union Local 331's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +0.2% | -1.1% |
| 2022 | +22.7% | +12.5% | -7.7% |
| 2021 | +4.4% | -1.0% | +7.3% |
| 2020 | -8.2% | -15.0% | -12.8% |
| 2019 | -5.2% | +10.1% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1941 |
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 Teamsters Union Local 331 with a Mission Score of 75 out of 100 (Good). 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 Brotherhood Of Teamsters Union Local 331 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers from the reported expenses, or that officers are volunteers, which is a strong positive for financial stewardship.
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 Teamsters Union Local 331's IRS 990 filings:
- Consistent decline in assets over the past decade (from $1,466,691 in 2014 to $1,031,386 in 2023)
- Lack of NTEE code, which limits sector-specific analysis and comparison.
Strengths
The following positive indicators were identified for International Brotherhood Of Teamsters Union Local 331:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship or volunteer leadership.
- Generally balanced revenues and expenses in recent years, avoiding significant deficits (e.g., $15,576 surplus in 2023).
- Stable revenue generation, consistently around $1 million annually.
Frequently Asked Questions about International Brotherhood Of Teamsters Union Local 331
Is International Brotherhood Of Teamsters Union Local 331 a legitimate charity?
International Brotherhood Of Teamsters Union Local 331 (EIN: 210577323) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does International Brotherhood Of Teamsters Union Local 331 spend its money?
International Brotherhood Of Teamsters Union Local 331 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to International Brotherhood Of Teamsters Union Local 331 tax-deductible?
International Brotherhood Of Teamsters Union Local 331 is registered as a tax-exempt nonprofit (EIN: 210577323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Brotherhood Of Teamsters Union Local 331's spending goes to programs?
International Brotherhood Of Teamsters Union Local 331 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is International Brotherhood Of Teamsters Union Local 331 located?
International Brotherhood Of Teamsters Union Local 331 is headquartered in Egg Harbor, New Jersey and files with the IRS under EIN 210577323.
How many years of IRS 990 filings does International Brotherhood Of Teamsters Union Local 331 have?
International Brotherhood Of Teamsters Union Local 331 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 $1.1M in total revenue.
Is International Brotherhood Of Teamsters Union Local 331 financially stable?
While the organization maintains a positive operating margin in recent years (e.g., $15,576 surplus in 2023), its assets have steadily declined from $1,466,691 in 2014 to $1,031,386 in 2023, suggesting a long-term trend of decreasing financial reserves. Liabilities have remained relatively stable, indicating a need to monitor asset trends.
What is the organization's primary spending focus?
Without a detailed breakdown of expenses beyond total expenses, it's challenging to pinpoint the exact primary spending focus. However, as a union local, a significant portion of its expenses would typically be related to member services, representation, and operational costs associated with these activities.
How transparent is International Brotherhood Of Teamsters Union Local 331?
The organization demonstrates good transparency by consistently reporting 0% officer compensation in its IRS 990 filings. However, the absence of an NTEE code limits the ability to fully understand its specific programmatic area and compare its efficiency against similar organizations.
Filing History
IRS 990 filing history for International Brotherhood Of Teamsters Union Local 331 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Brotherhood Of Teamsters Union Local 331's revenue has declined by 12.8%, moving from $1.2M to $1.0M. Total assets decreased by 38.6% over the same period, from $1.7M to $1.0M. Total functional expenses fell by 21.8%, from $1.3M to $1.0M. In its most recent filing year (2023), International Brotherhood Of Teamsters Union Local 331 reported a surplus of $16K, with revenue exceeding expenses. The organization holds $712K in liabilities against $1.0M in assets (debt-to-asset ratio: 69.0%), resulting in net assets of $319K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $1.0M | $712K | — | View 990 |
| 2022 | $1.1M | $1.0M | $1.0M | $737K | — | View 990 |
| 2021 | $876K | $891K | $1.1M | $896K | — | View 990 |
| 2020 | $840K | $900K | $1.1M | $805K | — | View 990 |
| 2019 | $914K | $1.1M | $1.2M | $900K | — | View 990 |
| 2018 | $965K | $961K | $1.3M | $851K | — | View 990 |
| 2017 | $985K | $1.0M | $1.3M | $881K | — | View 990 |
| 2016 | $1000K | $1.1M | $1.4M | $911K | — | View 990 |
| 2015 | $1.0M | $1.0M | $1.5M | $924K | — | View 990 |
| 2014 | $1.1M | $1.1M | $1.5M | $951K | — | View 990 |
| 2013 | $1.1M | $1.2M | $1.5M | $935K | — | View 990 |
| 2012 | $1.1M | $1.2M | $1.6M | $954K | — | View 990 |
| 2011 | $1.2M | $1.3M | $1.7M | $921K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $1.0M (revenue -5.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $1.0M (revenue +22.7% year-over-year).
- 2021: Revenue of $876K, expenses of $891K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2020: Revenue of $840K, expenses of $900K, and assets of $1.1M (revenue -8.2% year-over-year).
- 2019: Revenue of $914K, expenses of $1.1M, and assets of $1.2M (revenue -5.2% year-over-year).
- 2018: Revenue of $965K, expenses of $961K, and assets of $1.3M (revenue -2.1% year-over-year).
- 2017: Revenue of $985K, expenses of $1.0M, and assets of $1.3M (revenue -1.5% year-over-year).
- 2016: Revenue of $1000K, expenses of $1.1M, and assets of $1.4M (revenue -2.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M (revenue -2.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue -5.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $1.5M (revenue -0.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue -4.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Brotherhood Of Teamsters Union Local 331:
Data Sources and Methodology
This transparency report for International Brotherhood Of Teamsters Union Local 331 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.