Local 693 Education Fund
EIN: 364006511 · S Burlington, VT
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $244K |
| Net Assets | $635K |
Is Local 693 Education 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 693 Education Fund
Local 693 Education Fund (EIN: 364006511) is a nonprofit organization based in S Burlington, VT. The organization reported total revenue of $282K and total assets of $598K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 693 Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 693 Education Fund is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $206K |
| Total Expenses | $244K |
| Surplus / Deficit | $-37,035 |
| Total Assets | $635K |
| Total Liabilities | $527 |
| Net Assets | $635K |
| Operating Margin | -17.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 31.3 months |
Financial Health Grade: B
In 2023, Local 693 Education Fund reported a deficit of $37K with expenses exceeding revenue, holds 31.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 693 Education Fund's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.9% | +18.5% | -1.4% |
| 2022 | +11.0% | +7.5% | -9.2% |
| 2021 | +31.9% | -20.0% | +4.8% |
| 2020 | -18.7% | +15.7% | -6.1% |
| 2019 | -25.4% | -0.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local 693 Education 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 693 Education 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Local 693 Education Fund
Is Local 693 Education Fund a legitimate charity?
Local 693 Education Fund (EIN: 364006511) is a registered tax-exempt nonprofit based in Vermont. It has 13 years of IRS 990 filings on record. Total revenue: $282K. No red flags identified. Financial health grade: B.
How does Local 693 Education Fund spend its money?
Local 693 Education Fund reported $282K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local 693 Education Fund tax-deductible?
Local 693 Education Fund is registered as a tax-exempt nonprofit (EIN: 364006511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 693 Education Fund located?
Local 693 Education Fund is headquartered in S Burlington, Vermont and files with the IRS under EIN 364006511.
How many years of IRS 990 filings does Local 693 Education Fund have?
Local 693 Education Fund 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 $282K in total revenue.
Filing History
IRS 990 filing history for Local 693 Education Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 693 Education Fund's revenue has declined by 31.6%, moving from $302K to $206K. Total assets increased by 9.3% over the same period, from $582K to $635K. Total functional expenses fell by 6.4%, from $260K to $244K. In its most recent filing year (2023), Local 693 Education Fund reported a deficit of $37K, with expenses exceeding revenue. The organization holds $527 in liabilities against $635K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $635K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $206K | $244K | $635K | $527 | — | View 990 |
| 2022 | $227K | $205K | $644K | $6K | — | View 990 |
| 2021 | $204K | $191K | $710K | $80 | — | — |
| 2020 | $155K | $239K | $677K | $23K | — | — |
| 2019 | $190K | $207K | $721K | $1K | — | View 990 |
| 2018 | $255K | $207K | $736K | $860 | — | View 990 |
| 2017 | $304K | $290K | $687K | $2K | — | View 990 |
| 2016 | $274K | $287K | $669K | $1K | — | View 990 |
| 2015 | $343K | $289K | $660K | $760 | — | View 990 |
| 2014 | $275K | $272K | $668K | $433 | — | View 990 |
| 2013 | $233K | $217K | $666K | $2K | — | View 990 |
| 2012 | $394K | $328K | $650K | $2K | — | View 990 |
| 2011 | $302K | $260K | $582K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $206K, expenses of $244K, and assets of $635K (revenue -8.9% year-over-year).
- 2022: Revenue of $227K, expenses of $205K, and assets of $644K (revenue +11.0% year-over-year).
- 2021: Revenue of $204K, expenses of $191K, and assets of $710K (revenue +31.9% year-over-year).
- 2020: Revenue of $155K, expenses of $239K, and assets of $677K (revenue -18.7% year-over-year).
- 2019: Revenue of $190K, expenses of $207K, and assets of $721K (revenue -25.4% year-over-year).
- 2018: Revenue of $255K, expenses of $207K, and assets of $736K (revenue -16.1% year-over-year).
- 2017: Revenue of $304K, expenses of $290K, and assets of $687K (revenue +10.8% year-over-year).
- 2016: Revenue of $274K, expenses of $287K, and assets of $669K (revenue -20.0% year-over-year).
- 2015: Revenue of $343K, expenses of $289K, and assets of $660K (revenue +24.5% year-over-year).
- 2014: Revenue of $275K, expenses of $272K, and assets of $668K (revenue +17.9% year-over-year).
- 2013: Revenue of $233K, expenses of $217K, and assets of $666K (revenue -40.8% year-over-year).
- 2012: Revenue of $394K, expenses of $328K, and assets of $650K (revenue +30.5% year-over-year).
- 2011: Revenue of $302K, expenses of $260K, and assets of $582K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 693 Education Fund:
Data Sources and Methodology
This transparency report for Local 693 Education 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.