Local 103 Ibew Educational Corp
Local 103 IBEW Educational Corp: Strong Assets, Inconsistent Spending
EIN: 222979998 · Dorchester, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $925K |
| Program Spending | 80% |
| Net Assets | $15.1M |
| Transparency Score | 70/100 |
Is Local 103 Ibew Educational Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 103 Ibew Educational Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 103 Ibew Educational Corp
Local 103 Ibew Educational Corp (EIN: 222979998) is a nonprofit organization based in Dorchester, MA. The organization reported total revenue of $1.6M and total assets of $24.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 103 Ibew Educational Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 103 Ibew Educational Corp is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $925K |
| Surplus / Deficit | +$642K |
| Total Assets | $24.7M |
| Total Liabilities | $9.6M |
| Net Assets | $15.1M |
| Operating Margin | 41.0% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 320.6 months |
Financial Health Grade: A
In 2023, Local 103 Ibew Educational Corp reported a surplus of $642K with revenue exceeding expenses, holds 320.6 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 103 Ibew Educational Corp's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.7% | -11.9% | +62.3% |
| 2022 | +8.4% | -11.0% | +2.1% |
| 2021 | +23.3% | +49.2% | -0.1% |
| 2020 | +32.2% | -5.0% | +1.3% |
| 2019 | -28.8% | -12.6% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 Local 103 Ibew Educational Corp with a Mission Score of 70 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Local 103 Ibew Educational Corp allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $642K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data consistently reports 0% for compensation, indicating no specific compensation figures are disclosed in these filings.
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 Local 103 Ibew Educational Corp's IRS 990 filings:
- Lack of detailed compensation disclosure makes it impossible to assess executive pay.
- Spending (expenses) has fluctuated significantly, from $790,086 in 2020 to $924,862 in 2023, without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Local 103 Ibew Educational Corp:
- Consistent revenue generation, with 2023 revenue at $1,566,658.
- Substantial and growing asset base, reaching $24,710,718 in 2023.
- Low liability-to-asset ratio, indicating strong financial health (e.g., $9,570,899 liabilities vs. $24,710,718 assets in 2023).
Frequently Asked Questions about Local 103 Ibew Educational Corp
Is Local 103 Ibew Educational Corp a legitimate charity?
Local 103 Ibew Educational Corp (EIN: 222979998) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Local 103 Ibew Educational Corp spend its money?
Local 103 Ibew Educational Corp directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Local 103 Ibew Educational Corp tax-deductible?
Local 103 Ibew Educational Corp is registered as a tax-exempt nonprofit (EIN: 222979998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 103 Ibew Educational Corp's spending goes to programs?
Local 103 Ibew Educational Corp directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 103 Ibew Educational Corp located?
Local 103 Ibew Educational Corp is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 222979998.
How many years of IRS 990 filings does Local 103 Ibew Educational Corp have?
Local 103 Ibew Educational Corp 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 $1.6M in total revenue.
What does Local 103 Ibew Educational Corp do?
Local 103 Ibew Educational Corp is a nonprofit organization in the Unknown sector, located in Dorchester, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Local 103 Ibew Educational Corp have?
Local 103 Ibew Educational Corp reported total revenue of $1,572,750. Based on 13 IRS 990 filings on record.
What are Local 103 Ibew Educational Corp's total assets?
Local 103 Ibew Educational Corp holds total assets of $24,471,793 as reported in IRS 990 filings.
Where is Local 103 Ibew Educational Corp located?
Local 103 Ibew Educational Corp is based in Dorchester, Massachusetts.
What is Local 103 Ibew Educational Corp's EIN?
Local 103 Ibew Educational Corp's Employer Identification Number (EIN) is 222979998. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local 103 Ibew Educational Corp?
Local 103 Ibew Educational Corp is classified under NTEE code Unknown (Unknown).
Is Local 103 Ibew Educational Corp a registered 501(c)(3)?
Local 103 Ibew Educational Corp appears in IRS records (EIN: 222979998). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Local 103 Ibew Educational Corp file IRS Form 990?
Yes, Local 103 Ibew Educational Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Local 103 Ibew Educational Corp's revenue in 2023?
In the 202312 filing period, Local 103 Ibew Educational Corp reported total revenue of $1,566,658, total expenses of $924,862, and net assets of $24,710,718.
Is Local 103 Ibew Educational Corp's revenue growing or declining?
Local 103 Ibew Educational Corp's revenue is growing. Revenue went from $1,390,293 (202212) to $1,566,658 (202312), a +12.7% change. Based on 13 filings on record.
What is Local 103 Ibew Educational Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Local 103 Ibew Educational Corp covers tax period 202312. It shows revenue of $1,566,658, expenses of $924,862, total assets of $24,710,718, and liabilities of $9,570,899.
How much does Local 103 Ibew Educational Corp spend on programs vs administration?
Based on IRS 990 analysis, Local 103 Ibew Educational Corp allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Local 103 Ibew Educational Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Local 103 Ibew Educational Corp appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Local 103 Ibew Educational Corp?
The following concerns were identified: Lack of detailed compensation disclosure makes it impossible to assess executive pay.. Spending (expenses) has fluctuated significantly, from $790,086 in 2020 to $924,862 in 2023, without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Local 103 Ibew Educational Corp's strengths?
Positive indicators for Local 103 Ibew Educational Corp include: Consistent revenue generation, with 2023 revenue at $1,566,658.. Substantial and growing asset base, reaching $24,710,718 in 2023.. Low liability-to-asset ratio, indicating strong financial health (e.g., $9,570,899 liabilities vs. $24,710,718 assets in 2023).. These findings are derived from AI analysis of the organization's financial filings.
How does Local 103 Ibew Educational Corp compensate executives?
Executive compensation cannot be assessed as the provided data consistently reports 0% for compensation, indicating no specific compensation figures are disclosed in these filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Local 103 Ibew Educational Corp?
- Financial statements are consistently filed, showing regular updates. - The organization's assets have grown significantly from $14.7M in 2017 to $24.7M in 2023. - No compensation data is publicly available in the provided filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant increase in assets from $14.7M to $24.7M over six years, what specific investment strategies or revenue streams contributed most to this growth?
The provided data only shows total assets and revenue, not the specific breakdown of investment gains or diversified revenue streams that fueled this substantial asset growth.
With expenses fluctuating year-over-year (e.g., $790,086 in 2020 vs. $924,862 in 2023), what are the primary drivers behind these changes in operational spending?
The data does not provide a granular breakdown of expenses, making it difficult to pinpoint the specific categories (e.g., program costs, administrative overhead, fundraising efforts) that caused these fluctuations.
Filing History
IRS 990 filing history for Local 103 Ibew Educational Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 103 Ibew Educational Corp's revenue has grown by 375.6%, moving from $329K to $1.6M. Total assets increased by 157.1% over the same period, from $9.6M to $24.7M. Total functional expenses rose by 175.8%, from $335K to $925K. In its most recent filing year (2023), Local 103 Ibew Educational Corp reported a surplus of $642K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $24.7M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $925K | $24.7M | $9.6M | — | View 990 |
| 2022 | $1.4M | $1.0M | $15.2M | $3.7M | — | — |
| 2021 | $1.3M | $1.2M | $14.9M | $3.8M | — | View 990 |
| 2020 | $1.0M | $790K | $14.9M | $3.9M | — | — |
| 2019 | $787K | $832K | $14.7M | $4.0M | — | View 990 |
| 2018 | $1.1M | $952K | $14.6M | $4.2M | — | View 990 |
| 2017 | $1.0M | $937K | $14.8M | $4.3M | — | — |
| 2016 | $923K | $1.0M | $14.8M | $4.5M | — | View 990 |
| 2015 | $970K | $1.1M | $15.0M | $4.5M | — | View 990 |
| 2014 | $3.5M | $743K | $15.9M | $5.3M | — | View 990 |
| 2013 | $338K | $518K | $12.0M | $4.1M | — | View 990 |
| 2012 | $332K | $1.9M | $8.3M | $281K | — | View 990 |
| 2011 | $329K | $335K | $9.6M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $925K, and assets of $24.7M (revenue +12.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.0M, and assets of $15.2M (revenue +8.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $14.9M (revenue +23.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $790K, and assets of $14.9M (revenue +32.2% year-over-year).
- 2019: Revenue of $787K, expenses of $832K, and assets of $14.7M (revenue -28.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $952K, and assets of $14.6M (revenue +8.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $937K, and assets of $14.8M (revenue +10.5% year-over-year).
- 2016: Revenue of $923K, expenses of $1.0M, and assets of $14.8M (revenue -4.8% year-over-year).
- 2015: Revenue of $970K, expenses of $1.1M, and assets of $15.0M (revenue -72.0% year-over-year).
- 2014: Revenue of $3.5M, expenses of $743K, and assets of $15.9M (revenue +923.2% year-over-year).
- 2013: Revenue of $338K, expenses of $518K, and assets of $12.0M (revenue +1.6% year-over-year).
- 2012: Revenue of $332K, expenses of $1.9M, and assets of $8.3M (revenue +0.9% year-over-year).
- 2011: Revenue of $329K, expenses of $335K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 103 Ibew Educational Corp:
Data Sources and Methodology
This transparency report for Local 103 Ibew Educational Corp 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.