Local Union No 328 Of The United Brotherhood Of Carpenters
EIN: 823609986 · Cambridge, MA · NTEE: J40
| Metric | Value |
|---|---|
| Total Revenue | $804K |
| Total Expenses | $847K |
| Net Assets | $371K |
Is Local Union No 328 Of The United Brotherhood Of Carpenters Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Union No 328 Of The United Brotherhood Of Carpenters
Local Union No 328 Of The United Brotherhood Of Carpenters (EIN: 823609986) is a nonprofit organization based in Cambridge, MA, classified under NTEE code J40. The organization reported total revenue of $804K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Union No 328 Of The United Brotherhood Of Carpenters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Union No 328 Of The United Brotherhood Of Carpenters is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2018–2024). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $773K |
| Total Expenses | $847K |
| Surplus / Deficit | $-73,798 |
| Total Assets | $371K |
| Net Assets | $371K |
| Operating Margin | -9.5% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2024, Local Union No 328 Of The United Brotherhood Of Carpenters reported a deficit of $74K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2018–2024), Local Union No 328 Of The United Brotherhood Of Carpenters's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.8% | +10.5% | -16.6% |
| 2023 | -1.6% | +2.2% | -15.5% |
| 2022 | +5.7% | +18.1% | -9.2% |
| 2021 | -28.6% | -16.5% | +4.4% |
| 2020 | +16.5% | -6.1% | +41.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Union No 328 Of The United Brotherhood Of Carpenters 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 Union No 328 Of The United Brotherhood Of Carpenters 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
Frequently Asked Questions about Local Union No 328 Of The United Brotherhood Of Carpenters
Is Local Union No 328 Of The United Brotherhood Of Carpenters a legitimate charity?
Local Union No 328 Of The United Brotherhood Of Carpenters (EIN: 823609986) is a registered tax-exempt nonprofit based in Massachusetts. It has 7 years of IRS 990 filings on record. Total revenue: $804K. No red flags identified. Financial health grade: B.
How does Local Union No 328 Of The United Brotherhood Of Carpenters spend its money?
Local Union No 328 Of The United Brotherhood Of Carpenters reported $804K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local Union No 328 Of The United Brotherhood Of Carpenters tax-deductible?
Local Union No 328 Of The United Brotherhood Of Carpenters is registered as a tax-exempt nonprofit (EIN: 823609986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Union No 328 Of The United Brotherhood Of Carpenters located?
Local Union No 328 Of The United Brotherhood Of Carpenters is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 823609986. It is classified under NTEE code J40.
How many years of IRS 990 filings does Local Union No 328 Of The United Brotherhood Of Carpenters have?
Local Union No 328 Of The United Brotherhood Of Carpenters has 7 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 $804K in total revenue.
Filing History
IRS 990 filing history for Local Union No 328 Of The United Brotherhood Of Carpenters showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2018–2024), Local Union No 328 Of The United Brotherhood Of Carpenters's revenue has grown by 3.9%, moving from $744K to $773K. Total assets decreased by 9.5% over the same period, from $410K to $371K. Total functional expenses rose by 153%, from $335K to $847K. In its most recent filing year (2024), Local Union No 328 Of The United Brotherhood Of Carpenters reported a deficit of $74K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $773K | $847K | $371K | $0 | — | — |
| 2023 | $685K | $767K | $445K | $0 | — | View 990 |
| 2022 | $697K | $750K | $526K | $0 | — | View 990 |
| 2021 | $659K | $635K | $580K | $0 | — | — |
| 2020 | $923K | $761K | $555K | $0 | — | View 990 |
| 2019 | $793K | $810K | $392K | $0 | — | View 990 |
| 2018 | $744K | $335K | $410K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $773K, expenses of $847K, and assets of $371K (revenue +12.8% year-over-year).
- 2023: Revenue of $685K, expenses of $767K, and assets of $445K (revenue -1.6% year-over-year).
- 2022: Revenue of $697K, expenses of $750K, and assets of $526K (revenue +5.7% year-over-year).
- 2021: Revenue of $659K, expenses of $635K, and assets of $580K (revenue -28.6% year-over-year).
- 2020: Revenue of $923K, expenses of $761K, and assets of $555K (revenue +16.5% year-over-year).
- 2019: Revenue of $793K, expenses of $810K, and assets of $392K (revenue +6.5% year-over-year).
- 2018: Revenue of $744K, expenses of $335K, and assets of $410K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Union No 328 Of The United Brotherhood Of Carpenters:
Data Sources and Methodology
This transparency report for Local Union No 328 Of The United Brotherhood Of Carpenters 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.