Ironworkers Local Union 623 Home Association Inc
EIN: 237178593 · Baton Rouge, LA
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $26K |
| Net Assets | $934K |
Is Ironworkers Local Union 623 Home Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ironworkers Local Union 623 Home Association Inc
Ironworkers Local Union 623 Home Association Inc (EIN: 237178593) is a nonprofit organization based in Baton Rouge, LA. The organization reported total revenue of $95K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ironworkers Local Union 623 Home Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ironworkers Local Union 623 Home Association Inc is a micro nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $26K |
| Surplus / Deficit | +$19K |
| Total Assets | $1.7M |
| Total Liabilities | $790K |
| Net Assets | $934K |
| Operating Margin | 41.7% |
| Debt-to-Asset Ratio | 45.8% |
| Months of Reserves | 789.4 months |
Financial Health Grade: A
In 2023, Ironworkers Local Union 623 Home Association Inc reported a surplus of $19K with revenue exceeding expenses, holds 789.4 months of operating reserves (strong position), has a debt-to-asset ratio of 45.8% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +166.0% | +9.4% | +52.5% |
| 2022 | -22.4% | +3.9% | -0.5% |
| 2021 | -20.6% | +11.6% | -0.1% |
| 2020 | +31.4% | +2.2% | +0.6% |
| 2019 | +47.9% | -1.3% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ironworkers Local Union 623 Home Association Inc 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 Local Union 623 Home Association Inc 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 $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.8%.
Frequently Asked Questions about Ironworkers Local Union 623 Home Association Inc
Is Ironworkers Local Union 623 Home Association Inc a legitimate charity?
Ironworkers Local Union 623 Home Association Inc (EIN: 237178593) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $95K. No red flags identified. Financial health grade: A.
How does Ironworkers Local Union 623 Home Association Inc spend its money?
Ironworkers Local Union 623 Home Association Inc reported $95K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ironworkers Local Union 623 Home Association Inc tax-deductible?
Ironworkers Local Union 623 Home Association Inc is registered as a tax-exempt nonprofit (EIN: 237178593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ironworkers Local Union 623 Home Association Inc located?
Ironworkers Local Union 623 Home Association Inc is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 237178593.
How many years of IRS 990 filings does Ironworkers Local Union 623 Home Association Inc have?
Ironworkers Local Union 623 Home Association Inc has 12 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 $95K in total revenue.
Filing History
IRS 990 filing history for Ironworkers Local Union 623 Home Association Inc showing financial trends over 12 years of public records:
Total assets increased by 45.5% over the same period, from $1.2M to $1.7M. Total functional expenses rose by 1024%, from $2K to $26K. In its most recent filing year (2023), Ironworkers Local Union 623 Home Association Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $790K in liabilities against $1.7M in assets (debt-to-asset ratio: 45.8%), resulting in net assets of $934K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $26K | $1.7M | $790K | — | View 990 |
| 2022 | $17K | $24K | $1.1M | $215K | — | — |
| 2021 | $22K | $23K | $1.1M | $214K | — | — |
| 2020 | $27K | $21K | $1.1M | $214K | — | View 990 |
| 2019 | $21K | $20K | $1.1M | $214K | — | View 990 |
| 2018 | $14K | $20K | $1.1M | $214K | — | — |
| 2017 | $-7,623 | $284 | $1.1M | $214K | — | View 990 |
| 2016 | $-7,603 | $4K | $1.1M | $214K | — | View 990 |
| 2015 | $-8,073 | $2K | $1.2M | $214K | — | View 990 |
| 2014 | $-9,384 | $2K | $1.2M | $214K | — | View 990 |
| 2013 | $-7,206 | $389 | $1.2M | $214K | — | View 990 |
| 2012 | $-8,530 | $2K | $1.2M | $214K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $26K, and assets of $1.7M (revenue +166.0% year-over-year).
- 2022: Revenue of $17K, expenses of $24K, and assets of $1.1M (revenue -22.4% year-over-year).
- 2021: Revenue of $22K, expenses of $23K, and assets of $1.1M (revenue -20.6% year-over-year).
- 2020: Revenue of $27K, expenses of $21K, and assets of $1.1M (revenue +31.4% year-over-year).
- 2019: Revenue of $21K, expenses of $20K, and assets of $1.1M (revenue +47.9% year-over-year).
- 2018: Revenue of $14K, expenses of $20K, and assets of $1.1M.
- 2017: Revenue of $-7,623, expenses of $284, and assets of $1.1M.
- 2016: Revenue of $-7,603, expenses of $4K, and assets of $1.1M.
- 2015: Revenue of $-8,073, expenses of $2K, and assets of $1.2M.
- 2014: Revenue of $-9,384, expenses of $2K, and assets of $1.2M.
- 2013: Revenue of $-7,206, expenses of $389, and assets of $1.2M.
- 2012: Revenue of $-8,530, expenses of $2K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ironworkers Local Union 623 Home Association Inc:
Data Sources and Methodology
This transparency report for Ironworkers Local Union 623 Home Association Inc 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.