Local 602 Communications And Productivity Fund
EIN: 521511982 · Capitol Heights, MD
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.5M |
| Net Assets | $2.0M |
Is Local 602 Communications And Productivity 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 602 Communications And Productivity Fund
Local 602 Communications And Productivity Fund (EIN: 521511982) is a nonprofit organization based in Capitol Heights, MD. The organization reported total revenue of $4.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 602 Communications And Productivity Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 602 Communications And Productivity Fund is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-1,041,634 |
| Total Assets | $2.1M |
| Total Liabilities | $13K |
| Net Assets | $2.0M |
| Operating Margin | -30.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Local 602 Communications And Productivity Fund reported a deficit of $1.0M with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Local 602 Communications And Productivity Fund's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +21.8% | -36.5% |
| 2022 | +22.6% | +54.1% | -15.9% |
| 2021 | +17.1% | +194.6% | -0.3% |
| 2020 | -4.5% | -52.4% | +44.6% |
| 2019 | +24.7% | +123.4% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local 602 Communications And Productivity 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 602 Communications And Productivity 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Local 602 Communications And Productivity Fund
Is Local 602 Communications And Productivity Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 602 Communications And Productivity Fund (EIN: 521511982) insufficient data. 0 red flags identified, 0 strengths noted.
How does Local 602 Communications And Productivity Fund spend its money?
Detailed spending breakdown data is not yet available for Local 602 Communications And Productivity Fund. Check back for updated IRS 990 analysis.
Are donations to Local 602 Communications And Productivity Fund tax-deductible?
Local 602 Communications And Productivity Fund is registered as a tax-exempt nonprofit (EIN: 521511982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 602 Communications And Productivity Fund located?
Local 602 Communications And Productivity Fund is headquartered in Capitol Heights, Maryland and files with the IRS under EIN 521511982.
How many years of IRS 990 filings does Local 602 Communications And Productivity Fund have?
Local 602 Communications And Productivity Fund has 14 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 $4.5M in total revenue.
Filing History
IRS 990 filing history for Local 602 Communications And Productivity Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Local 602 Communications And Productivity Fund's revenue has grown by 1196.1%, moving from $267K to $3.5M. Total assets increased by 488.9% over the same period, from $350K to $2.1M. Total functional expenses rose by 1332.1%, from $314K to $4.5M. In its most recent filing year (2023), Local 602 Communications And Productivity Fund reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $13K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $4.5M | $2.1M | $13K | — | — |
| 2022 | $2.9M | $3.7M | $3.2M | $158K | — | View 990 |
| 2021 | $2.4M | $2.4M | $3.9M | $11K | — | View 990 |
| 2020 | $2.0M | $813K | $3.9M | $9K | — | View 990 |
| 2019 | $2.1M | $1.7M | $2.7M | $42K | — | — |
| 2018 | $1.7M | $764K | $2.2M | $243 | — | View 990 |
| 2017 | $1.4M | $864K | $1.3M | $0 | — | View 990 |
| 2016 | $809K | $381K | $758K | $0 | — | View 990 |
| 2015 | $623K | $540K | $331K | $0 | — | View 990 |
| 2014 | $423K | $443K | $248K | $0 | — | View 990 |
| 2013 | $916K | $1.3M | $269K | $779 | — | View 990 |
| 2012 | $607K | $262K | $616K | $440 | — | View 990 |
| 2011 | $265K | $353K | $241K | $0 | — | View 990 |
| 2010 | $267K | $314K | $350K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $4.5M, and assets of $2.1M (revenue +17.9% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.7M, and assets of $3.2M (revenue +22.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.4M, and assets of $3.9M (revenue +17.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $813K, and assets of $3.9M (revenue -4.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.7M, and assets of $2.7M (revenue +24.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $764K, and assets of $2.2M (revenue +26.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $864K, and assets of $1.3M (revenue +68.3% year-over-year).
- 2016: Revenue of $809K, expenses of $381K, and assets of $758K (revenue +29.7% year-over-year).
- 2015: Revenue of $623K, expenses of $540K, and assets of $331K (revenue +47.3% year-over-year).
- 2014: Revenue of $423K, expenses of $443K, and assets of $248K (revenue -53.8% year-over-year).
- 2013: Revenue of $916K, expenses of $1.3M, and assets of $269K (revenue +50.9% year-over-year).
- 2012: Revenue of $607K, expenses of $262K, and assets of $616K (revenue +129.3% year-over-year).
- 2011: Revenue of $265K, expenses of $353K, and assets of $241K (revenue -0.8% year-over-year).
- 2010: Revenue of $267K, expenses of $314K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 602 Communications And Productivity Fund:
Data Sources and Methodology
This transparency report for Local 602 Communications And Productivity 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.