Local 968 I B E W Building Association
EIN: 550492210 · Parkersburg, WV
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $38K |
| Net Assets | $154K |
Is Local 968 I B E W Building Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local 968 I B E W Building Association
Local 968 I B E W Building Association (EIN: 550492210) is a nonprofit organization based in Parkersburg, WV. The organization reported total revenue of $43K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 968 I B E W Building Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 968 I B E W Building Association is a micro nonprofit that has been operating for 55 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $38K |
| Surplus / Deficit | +$9K |
| Total Assets | $420K |
| Total Liabilities | $266K |
| Net Assets | $154K |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 132.0 months |
Financial Health Grade: A
In 2023, Local 968 I B E W Building Association reported a surplus of $9K with revenue exceeding expenses, holds 132.0 months of operating reserves (strong position), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Local 968 I B E W Building Association's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | +12.6% | -0.9% |
| 2022 | +5.8% | -3.8% | +2.5% |
| 2021 | +19.8% | -2.3% | +1.6% |
| 2020 | -12.9% | -1.1% | -0.6% |
| 2019 | +0.8% | +13.3% | +34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local 968 I B E W Building Association 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 968 I B E W Building Association 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.3%.
Frequently Asked Questions about Local 968 I B E W Building Association
Is Local 968 I B E W Building Association a legitimate charity?
Local 968 I B E W Building Association (EIN: 550492210) is a registered tax-exempt nonprofit based in West Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $43K. No red flags identified. Financial health grade: A.
How does Local 968 I B E W Building Association spend its money?
Local 968 I B E W Building Association reported $43K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local 968 I B E W Building Association tax-deductible?
Local 968 I B E W Building Association is registered as a tax-exempt nonprofit (EIN: 550492210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 968 I B E W Building Association located?
Local 968 I B E W Building Association is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 550492210.
How many years of IRS 990 filings does Local 968 I B E W Building Association have?
Local 968 I B E W Building Association has 12 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 $43K in total revenue.
Filing History
IRS 990 filing history for Local 968 I B E W Building Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Local 968 I B E W Building Association's revenue has grown by 12.1%, moving from $42K to $47K. Total assets increased by 48.6% over the same period, from $282K to $420K. Total functional expenses rose by 6.7%, from $36K to $38K. In its most recent filing year (2023), Local 968 I B E W Building Association reported a surplus of $9K, with revenue exceeding expenses. The organization holds $266K in liabilities against $420K in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $154K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $38K | $420K | $266K | — | — |
| 2022 | $56K | $34K | $424K | $278K | — | — |
| 2021 | $53K | $35K | $413K | $290K | — | — |
| 2020 | $44K | $36K | $406K | $302K | — | — |
| 2019 | $51K | $36K | $409K | $313K | — | View 990 |
| 2018 | $51K | $32K | $305K | $291K | — | View 990 |
| 2017 | $46K | $25K | $307K | $312K | — | View 990 |
| 2016 | $49K | $35K | $299K | $339K | — | View 990 |
| 2015 | $47K | $35K | $287K | $341K | — | View 990 |
| 2014 | $40K | $32K | $282K | $350K | — | View 990 |
| 2013 | $43K | $30K | $285K | $360K | — | View 990 |
| 2012 | $42K | $36K | $282K | $371K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $38K, and assets of $420K (revenue -16.6% year-over-year).
- 2022: Revenue of $56K, expenses of $34K, and assets of $424K (revenue +5.8% year-over-year).
- 2021: Revenue of $53K, expenses of $35K, and assets of $413K (revenue +19.8% year-over-year).
- 2020: Revenue of $44K, expenses of $36K, and assets of $406K (revenue -12.9% year-over-year).
- 2019: Revenue of $51K, expenses of $36K, and assets of $409K (revenue +0.8% year-over-year).
- 2018: Revenue of $51K, expenses of $32K, and assets of $305K (revenue +8.9% year-over-year).
- 2017: Revenue of $46K, expenses of $25K, and assets of $307K (revenue -6.0% year-over-year).
- 2016: Revenue of $49K, expenses of $35K, and assets of $299K (revenue +5.3% year-over-year).
- 2015: Revenue of $47K, expenses of $35K, and assets of $287K (revenue +16.5% year-over-year).
- 2014: Revenue of $40K, expenses of $32K, and assets of $282K (revenue -6.0% year-over-year).
- 2013: Revenue of $43K, expenses of $30K, and assets of $285K (revenue +2.5% year-over-year).
- 2012: Revenue of $42K, expenses of $36K, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 968 I B E W Building Association:
Data Sources and Methodology
This transparency report for Local 968 I B E W Building Association 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.