Local 1253 Ibew Properties Inc
Local 1253 Ibew Properties Inc experienced a significant operating deficit in 2021 and shows $0 revenue and assets in its latest filing.
EIN: 16029905 · Newport, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $106K |
| Program Spending | 70% |
| Net Assets | $82K |
| Transparency Score | 45/100 |
Is Local 1253 Ibew Properties Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 1253 Ibew Properties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Local 1253 Ibew Properties Inc
Local 1253 Ibew Properties Inc (EIN: 16029905) is a nonprofit organization based in Newport, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1253 Ibew Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 1253 Ibew Properties Inc is a micro nonprofit that has been operating for 58 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of -33.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $106K |
| Surplus / Deficit | $-50,713 |
| Total Assets | $82K |
| Net Assets | $82K |
| Operating Margin | -91.9% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2021, Local 1253 Ibew Properties Inc reported a deficit of $51K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2020–2021), Local 1253 Ibew Properties Inc's revenue has declined at a compound annual growth rate (CAGR) of -33.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -33.8% | +406.8% | -38.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 1253 Ibew Properties Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Local 1253 Ibew Properties Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation was reported as 0% in both 2020 and 2021, suggesting either a volunteer leadership structure or that executive compensation is not directly paid by this entity, which is unusual for an organization with reported expenses.
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 1253 Ibew Properties Inc's IRS 990 filings:
- Significant operating deficit in 2021 ($55,158 revenue vs. $105,871 expenses).
- Decline in assets from $132,513 in 2020 to $81,800 in 2021.
- Latest reported revenue and assets are $0, raising questions about current operational status.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Unknown NTEE code, hindering understanding of its charitable purpose.
Strengths
The following positive indicators were identified for Local 1253 Ibew Properties Inc:
- No reported liabilities in either 2020 or 2021.
- No reported officer compensation, potentially indicating volunteer leadership.
Frequently Asked Questions about Local 1253 Ibew Properties Inc
Is Local 1253 Ibew Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 1253 Ibew Properties Inc (EIN: 16029905) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Local 1253 Ibew Properties Inc spend its money?
Local 1253 Ibew Properties Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 1253 Ibew Properties Inc tax-deductible?
Local 1253 Ibew Properties Inc is registered as a tax-exempt nonprofit (EIN: 16029905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 1253 Ibew Properties Inc's spending goes to programs?
Local 1253 Ibew Properties Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Local 1253 Ibew Properties Inc located?
Local 1253 Ibew Properties Inc is headquartered in Newport, Maine and files with the IRS under EIN 16029905.
How many years of IRS 990 filings does Local 1253 Ibew Properties Inc have?
Local 1253 Ibew Properties Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the significant increase in expenses from $20,892 in 2020 to $105,871 in 2021?
The provided data does not specify the nature of the increased expenses, making it difficult to determine if they were program-related, administrative, or due to other factors.
Why are the latest reported revenue and assets $0?
The $0 revenue and assets in the latest filing could indicate the organization has ceased operations, is inactive, or that the provided summary is incomplete for the most recent period. Further investigation into the full 990 filing would be needed.
How does Local 1253 Ibew Properties Inc fund its operations if officer compensation is 0%?
The 0% officer compensation suggests that leadership may be volunteer-based or compensated by a related entity. The organization's operations are funded by its reported revenues, which have fluctuated significantly.
What is the NTEE code and primary purpose of this organization?
The NTEE code is listed as 'Unknown' in the provided data, making it difficult to assess its specific programmatic focus or mission alignment without further information.
Filing History
IRS 990 filing history for Local 1253 Ibew Properties Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), Local 1253 Ibew Properties Inc's revenue has declined by 33.8%, moving from $83K to $55K. Total assets decreased by 38.3% over the same period, from $133K to $82K. Total functional expenses rose by 406.8%, from $21K to $106K. In its most recent filing year (2021), Local 1253 Ibew Properties Inc reported a deficit of $51K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $55K | $106K | $82K | $0 | — | — |
| 2020 | $83K | $21K | $133K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 1253 Ibew Properties Inc:
Data Sources and Methodology
This transparency report for Local 1253 Ibew Properties 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.