Local Union No 349 Of The United Brotherhood Of Carpenters And Join
EIN: 823610850 · Portland, ME · NTEE: J40
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $181K |
| Net Assets | $175K |
Is Local Union No 349 Of The United Brotherhood Of Carpenters And Join 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 349 Of The United Brotherhood Of Carpenters And Join
Local Union No 349 Of The United Brotherhood Of Carpenters And Join (EIN: 823610850) is a nonprofit organization based in Portland, ME, classified under NTEE code J40. The organization reported total revenue of $222K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Union No 349 Of The United Brotherhood Of Carpenters And Join's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Union No 349 Of The United Brotherhood Of Carpenters And Join 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 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $181K |
| Surplus / Deficit | $-10 |
| Total Assets | $175K |
| Net Assets | $175K |
| Operating Margin | -0.0% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2024, Local Union No 349 Of The United Brotherhood Of Carpenters And Join reported a deficit of $10 with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2018–2024), Local Union No 349 Of The United Brotherhood Of Carpenters And Join's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.4% | -6.0% | +-0.0% |
| 2023 | +8.3% | +12.3% | -0.7% |
| 2022 | +12.3% | +24.4% | +3.1% |
| 2021 | -28.3% | -26.1% | +12.9% |
| 2020 | +8.3% | -12.4% | +27.8% |
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 349 Of The United Brotherhood Of Carpenters And Join 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 349 Of The United Brotherhood Of Carpenters And Join 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 $10, with expenses exceeding revenue.
Frequently Asked Questions about Local Union No 349 Of The United Brotherhood Of Carpenters And Join
Is Local Union No 349 Of The United Brotherhood Of Carpenters And Join a legitimate charity?
Local Union No 349 Of The United Brotherhood Of Carpenters And Join (EIN: 823610850) is a registered tax-exempt nonprofit based in Maine. It has 7 years of IRS 990 filings on record. Total revenue: $222K. No red flags identified. Financial health grade: B.
How does Local Union No 349 Of The United Brotherhood Of Carpenters And Join spend its money?
Local Union No 349 Of The United Brotherhood Of Carpenters And Join reported $222K 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 349 Of The United Brotherhood Of Carpenters And Join tax-deductible?
Local Union No 349 Of The United Brotherhood Of Carpenters And Join is registered as a tax-exempt nonprofit (EIN: 823610850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Union No 349 Of The United Brotherhood Of Carpenters And Join located?
Local Union No 349 Of The United Brotherhood Of Carpenters And Join is headquartered in Portland, Maine and files with the IRS under EIN 823610850. It is classified under NTEE code J40.
How many years of IRS 990 filings does Local Union No 349 Of The United Brotherhood Of Carpenters And Join have?
Local Union No 349 Of The United Brotherhood Of Carpenters And Join 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 $222K in total revenue.
Filing History
IRS 990 filing history for Local Union No 349 Of The United Brotherhood Of Carpenters And Join showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2018–2024), Local Union No 349 Of The United Brotherhood Of Carpenters And Join's revenue has grown by 13.2%, moving from $160K to $181K. Total assets increased by 36.1% over the same period, from $129K to $175K. Total functional expenses rose by 110.1%, from $86K to $181K. In its most recent filing year (2024), Local Union No 349 Of The United Brotherhood Of Carpenters And Join reported a deficit of $10, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $181K | $181K | $175K | $0 | — | — |
| 2023 | $191K | $192K | $175K | $0 | — | — |
| 2022 | $176K | $171K | $176K | $0 | — | — |
| 2021 | $157K | $138K | $171K | $0 | — | — |
| 2020 | $219K | $186K | $151K | $0 | — | — |
| 2019 | $202K | $212K | $119K | $0 | — | View 990 |
| 2018 | $160K | $86K | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $181K, expenses of $181K, and assets of $175K (revenue -5.4% year-over-year).
- 2023: Revenue of $191K, expenses of $192K, and assets of $175K (revenue +8.3% year-over-year).
- 2022: Revenue of $176K, expenses of $171K, and assets of $176K (revenue +12.3% year-over-year).
- 2021: Revenue of $157K, expenses of $138K, and assets of $171K (revenue -28.3% year-over-year).
- 2020: Revenue of $219K, expenses of $186K, and assets of $151K (revenue +8.3% year-over-year).
- 2019: Revenue of $202K, expenses of $212K, and assets of $119K (revenue +26.8% year-over-year).
- 2018: Revenue of $160K, expenses of $86K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Union No 349 Of The United Brotherhood Of Carpenters And Join:
Data Sources and Methodology
This transparency report for Local Union No 349 Of The United Brotherhood Of Carpenters And Join 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.