Ironworkers Joint Apprenticeship Trust Fund 550
EIN: 341085729 · Canton, OH
| Metric | Value |
|---|---|
| Total Revenue | $508K |
| Total Expenses | $466K |
| Net Assets | $1.2M |
Is Ironworkers Joint Apprenticeship Trust Fund 550 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ironworkers Joint Apprenticeship Trust Fund 550
Ironworkers Joint Apprenticeship Trust Fund 550 (EIN: 341085729) is a nonprofit organization based in Canton, OH. The organization reported total revenue of $508K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ironworkers Joint Apprenticeship Trust Fund 550's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ironworkers Joint Apprenticeship Trust Fund 550 is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $504K |
| Total Expenses | $466K |
| Surplus / Deficit | +$38K |
| Total Assets | $1.7M |
| Total Liabilities | $479K |
| Net Assets | $1.2M |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 42.7 months |
Financial Health Grade: A
In 2023, Ironworkers Joint Apprenticeship Trust Fund 550 reported a surplus of $38K with revenue exceeding expenses, holds 42.7 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ironworkers Joint Apprenticeship Trust Fund 550's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.9% | +2.3% | -2.0% |
| 2022 | +81.7% | +13.0% | +11.8% |
| 2021 | -0.6% | +25.0% | -3.9% |
| 2020 | -6.3% | -21.6% | +28.3% |
| 2019 | -9.8% | +4.6% | +39.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ironworkers Joint Apprenticeship Trust Fund 550 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 Ironworkers Joint Apprenticeship Trust Fund 550 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.9%.
Frequently Asked Questions about Ironworkers Joint Apprenticeship Trust Fund 550
Is Ironworkers Joint Apprenticeship Trust Fund 550 a legitimate charity?
Ironworkers Joint Apprenticeship Trust Fund 550 (EIN: 341085729) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $508K. No red flags identified. Financial health grade: A.
How does Ironworkers Joint Apprenticeship Trust Fund 550 spend its money?
Ironworkers Joint Apprenticeship Trust Fund 550 reported $508K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ironworkers Joint Apprenticeship Trust Fund 550 tax-deductible?
Ironworkers Joint Apprenticeship Trust Fund 550 is registered as a tax-exempt nonprofit (EIN: 341085729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ironworkers Joint Apprenticeship Trust Fund 550 located?
Ironworkers Joint Apprenticeship Trust Fund 550 is headquartered in Canton, Ohio and files with the IRS under EIN 341085729.
How many years of IRS 990 filings does Ironworkers Joint Apprenticeship Trust Fund 550 have?
Ironworkers Joint Apprenticeship Trust Fund 550 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 $508K in total revenue.
Filing History
IRS 990 filing history for Ironworkers Joint Apprenticeship Trust Fund 550 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ironworkers Joint Apprenticeship Trust Fund 550's revenue has grown by 39.4%, moving from $362K to $504K. Total assets increased by 205.4% over the same period, from $543K to $1.7M. Total functional expenses rose by 43.6%, from $325K to $466K. In its most recent filing year (2023), Ironworkers Joint Apprenticeship Trust Fund 550 reported a surplus of $38K, with revenue exceeding expenses. The organization holds $479K in liabilities against $1.7M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $504K | $466K | $1.7M | $479K | — | View 990 |
| 2022 | $690K | $456K | $1.7M | $550K | — | View 990 |
| 2021 | $379K | $403K | $1.5M | $605K | — | — |
| 2020 | $382K | $323K | $1.6M | $642K | — | View 990 |
| 2019 | $407K | $411K | $1.2M | $355K | — | View 990 |
| 2018 | $452K | $393K | $879K | $3K | — | View 990 |
| 2017 | $498K | $404K | $827K | $9K | — | View 990 |
| 2016 | $447K | $364K | $734K | $10K | — | View 990 |
| 2015 | $341K | $356K | $652K | $11K | — | View 990 |
| 2014 | $454K | $386K | $663K | $7K | — | View 990 |
| 2013 | $351K | $314K | $592K | $5K | — | View 990 |
| 2012 | $323K | $314K | $558K | $18K | — | View 990 |
| 2011 | $362K | $325K | $543K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $504K, expenses of $466K, and assets of $1.7M (revenue -26.9% year-over-year).
- 2022: Revenue of $690K, expenses of $456K, and assets of $1.7M (revenue +81.7% year-over-year).
- 2021: Revenue of $379K, expenses of $403K, and assets of $1.5M (revenue -0.6% year-over-year).
- 2020: Revenue of $382K, expenses of $323K, and assets of $1.6M (revenue -6.3% year-over-year).
- 2019: Revenue of $407K, expenses of $411K, and assets of $1.2M (revenue -9.8% year-over-year).
- 2018: Revenue of $452K, expenses of $393K, and assets of $879K (revenue -9.3% year-over-year).
- 2017: Revenue of $498K, expenses of $404K, and assets of $827K (revenue +11.4% year-over-year).
- 2016: Revenue of $447K, expenses of $364K, and assets of $734K (revenue +31.0% year-over-year).
- 2015: Revenue of $341K, expenses of $356K, and assets of $652K (revenue -24.9% year-over-year).
- 2014: Revenue of $454K, expenses of $386K, and assets of $663K (revenue +29.6% year-over-year).
- 2013: Revenue of $351K, expenses of $314K, and assets of $592K (revenue +8.4% year-over-year).
- 2012: Revenue of $323K, expenses of $314K, and assets of $558K (revenue -10.6% year-over-year).
- 2011: Revenue of $362K, expenses of $325K, and assets of $543K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ironworkers Joint Apprenticeship Trust Fund 550:
Data Sources and Methodology
This transparency report for Ironworkers Joint Apprenticeship Trust Fund 550 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.