Ironworkers Local 68
Ironworkers Local 68 reports $0 assets in latest filing despite over $2 million in previous years, with fluctuating revenue and no officer compensation.
EIN: 210482992 · Westville, NJ · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $588K |
| Program Spending | 80% |
| Transparency Score | 65/100 |
Is Ironworkers Local 68 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ironworkers Local 68 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ironworkers Local 68
Ironworkers Local 68 (EIN: 210482992) is a nonprofit organization based in Westville, NJ, classified under NTEE code J40. The organization reported total revenue of $2.1M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ironworkers Local 68's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ironworkers Local 68 is a mid-size nonprofit that has been operating for 81 years, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of -17.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $474K |
| Total Expenses | $588K |
| Surplus / Deficit | $-113,786 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -24.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2017, Ironworkers Local 68 reported a deficit of $114K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2012–2017), Ironworkers Local 68's revenue has declined at a compound annual growth rate (CAGR) of -17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -56.2% | -45.0% | -100.0% |
| 2016 | +33.7% | +5.4% | +2.4% |
| 2015 | -18.9% | -3.4% | -9.9% |
| 2014 | -7.8% | +5.1% | -1.3% |
| 2013 | -12.5% | -3.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1945 |
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 Ironworkers Local 68 with a Mission Score of 65 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, Ironworkers Local 68 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $114K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve without direct compensation from the organization or are compensated through other entities, which is a positive for minimizing direct overhead costs.
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 Ironworkers Local 68's IRS 990 filings:
- Sudden drop to $0 assets in latest filing after consistently reporting over $2 million in previous years, raising questions about financial stability or reporting accuracy.
- Periods of deficit spending where expenses exceeded revenue (e.g., 2017, 2015, 2014) without clear explanation of how these deficits were managed.
- Lack of detailed functional expense breakdown in the provided data, hindering a precise assessment of program efficiency.
Strengths
The following positive indicators were identified for Ironworkers Local 68:
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing direct executive overhead.
- Significant increase in latest reported revenue to $2,078,285, suggesting potential growth in financial activity.
Frequently Asked Questions about Ironworkers Local 68
Is Ironworkers Local 68 a legitimate charity?
Ironworkers Local 68 (EIN: 210482992) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Ironworkers Local 68 spend its money?
Ironworkers Local 68 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ironworkers Local 68 tax-deductible?
Ironworkers Local 68 is registered as a tax-exempt nonprofit (EIN: 210482992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ironworkers Local 68's spending goes to programs?
Ironworkers Local 68 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ironworkers Local 68 compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ironworkers Local 68 is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ironworkers Local 68 located?
Ironworkers Local 68 is headquartered in Westville, New Jersey and files with the IRS under EIN 210482992. It is classified under NTEE code J40.
How many years of IRS 990 filings does Ironworkers Local 68 have?
Ironworkers Local 68 has 6 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 $2.1M in total revenue.
Why did Ironworkers Local 68 report $0 in assets for the latest filing period, given historical assets over $2 million?
The provided data shows a sudden and significant change in reported assets from over $2 million in previous years to $0 in the latest filing. This requires further investigation into the organization's financial statements to understand the reason for this drastic change, such as asset transfers, reclassification, or a change in reporting methodology.
What are the specific categories of expenses for Ironworkers Local 68, and how much is allocated to each?
The provided data only gives total expenses. A detailed breakdown of functional expenses (program services, management and general, fundraising) is needed to accurately assess spending efficiency and how funds are allocated to the organization's mission.
How does Ironworkers Local 68 manage periods where expenses exceed revenue, such as in 2017 ($587,925 expenses vs. $474,139 revenue)?
The organization has experienced periods of deficit spending. Understanding how these deficits are covered (e.g., drawing from reserves, other income sources not reflected in revenue, or changes in operational strategy) is important for assessing long-term financial sustainability.
Filing History
IRS 990 filing history for Ironworkers Local 68 showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Ironworkers Local 68's revenue has declined by 61.7%, moving from $1.2M to $474K. Total assets decreased by 100% over the same period, from $2.4M to $0. Total functional expenses fell by 43.3%, from $1.0M to $588K. In its most recent filing year (2017), Ironworkers Local 68 reported a deficit of $114K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $474K | $588K | $0 | $0 | — | View 990 |
| 2016 | $1.1M | $1.1M | $2.2M | $34K | — | View 990 |
| 2015 | $810K | $1.0M | $2.2M | $17K | — | View 990 |
| 2014 | $999K | $1.1M | $2.4M | $18K | — | View 990 |
| 2013 | $1.1M | $1000K | $2.4M | $22K | — | View 990 |
| 2012 | $1.2M | $1.0M | $2.4M | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $474K, expenses of $588K, and assets of $0 (revenue -56.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $2.2M (revenue +33.7% year-over-year).
- 2015: Revenue of $810K, expenses of $1.0M, and assets of $2.2M (revenue -18.9% year-over-year).
- 2014: Revenue of $999K, expenses of $1.1M, and assets of $2.4M (revenue -7.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1000K, and assets of $2.4M (revenue -12.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.0M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ironworkers Local 68:
Data Sources and Methodology
This transparency report for Ironworkers Local 68 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.