Local 470 Apprenticeship Fund
EIN: 474852250 · Graniteville, SC · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $515K |
| Total Expenses | $312K |
| Net Assets | $214K |
Is Local 470 Apprenticeship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local 470 Apprenticeship Fund
Local 470 Apprenticeship Fund (EIN: 474852250) is a nonprofit organization based in Graniteville, SC, classified under NTEE code J22. The organization reported total revenue of $515K and total assets of $539K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 470 Apprenticeship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 470 Apprenticeship Fund is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $315K |
| Total Expenses | $312K |
| Surplus / Deficit | +$3K |
| Total Assets | $219K |
| Total Liabilities | $4K |
| Net Assets | $214K |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Local 470 Apprenticeship Fund reported a surplus of $3K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Local 470 Apprenticeship Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | -0.1% | +1.8% |
| 2022 | -5.3% | +11.0% | -6.4% |
| 2021 | +13.9% | -8.2% | +11.3% |
| 2020 | +3.4% | -8.9% | -11.7% |
| 2019 | -1.5% | +20.1% | -23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local 470 Apprenticeship Fund 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 Local 470 Apprenticeship Fund 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Local 470 Apprenticeship Fund
Is Local 470 Apprenticeship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 470 Apprenticeship Fund (EIN: 474852250) insufficient data. 0 red flags identified, 0 strengths noted.
How does Local 470 Apprenticeship Fund spend its money?
Detailed spending breakdown data is not yet available for Local 470 Apprenticeship Fund. Check back for updated IRS 990 analysis.
Are donations to Local 470 Apprenticeship Fund tax-deductible?
Local 470 Apprenticeship Fund is registered as a tax-exempt nonprofit (EIN: 474852250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 470 Apprenticeship Fund located?
Local 470 Apprenticeship Fund is headquartered in Graniteville, South Carolina and files with the IRS under EIN 474852250. It is classified under NTEE code J22.
How many years of IRS 990 filings does Local 470 Apprenticeship Fund have?
Local 470 Apprenticeship Fund has 8 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 $515K in total revenue.
Filing History
IRS 990 filing history for Local 470 Apprenticeship Fund showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Local 470 Apprenticeship Fund's revenue has grown by 95.8%, moving from $161K to $315K. Total assets decreased by 34.3% over the same period, from $333K to $219K. Total functional expenses rose by 300.5%, from $78K to $312K. In its most recent filing year (2023), Local 470 Apprenticeship Fund reported a surplus of $3K, with revenue exceeding expenses. The organization holds $4K in liabilities against $219K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $214K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $315K | $312K | $219K | $4K | — | — |
| 2022 | $295K | $312K | $215K | $4K | — | View 990 |
| 2021 | $312K | $281K | $230K | $2K | — | View 990 |
| 2020 | $274K | $306K | $206K | $9K | — | View 990 |
| 2019 | $264K | $336K | $234K | $4K | — | View 990 |
| 2018 | $268K | $280K | $307K | $5K | — | View 990 |
| 2017 | $235K | $246K | $316K | $3K | — | View 990 |
| 2016 | $161K | $78K | $333K | $145 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $315K, expenses of $312K, and assets of $219K (revenue +6.7% year-over-year).
- 2022: Revenue of $295K, expenses of $312K, and assets of $215K (revenue -5.3% year-over-year).
- 2021: Revenue of $312K, expenses of $281K, and assets of $230K (revenue +13.9% year-over-year).
- 2020: Revenue of $274K, expenses of $306K, and assets of $206K (revenue +3.4% year-over-year).
- 2019: Revenue of $264K, expenses of $336K, and assets of $234K (revenue -1.5% year-over-year).
- 2018: Revenue of $268K, expenses of $280K, and assets of $307K (revenue +14.1% year-over-year).
- 2017: Revenue of $235K, expenses of $246K, and assets of $316K (revenue +46.2% year-over-year).
- 2016: Revenue of $161K, expenses of $78K, and assets of $333K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 470 Apprenticeship Fund:
Data Sources and Methodology
This transparency report for Local 470 Apprenticeship Fund 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.