Local Union No 46 L Metallic Lathers
Local Union No 46 L Metallic Lathers consistently spends more than it earns, drawing down assets.
EIN: 131036160 · New York, NY · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $3.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $14.4M |
| Transparency Score | 75/100 |
Is Local Union No 46 L Metallic Lathers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local Union No 46 L Metallic Lathers directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local Union No 46 L Metallic Lathers
Local Union No 46 L Metallic Lathers (EIN: 131036160) is a nonprofit organization based in New York, NY, classified under NTEE code J40. The organization reported total revenue of $5.3M and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Union No 46 L Metallic Lathers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Union No 46 L Metallic Lathers is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-1,047,047 |
| Total Assets | $14.6M |
| Total Liabilities | $174K |
| Net Assets | $14.4M |
| Operating Margin | -39.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 47.5 months |
Financial Health Grade: B
In 2024, Local Union No 46 L Metallic Lathers reported a deficit of $1.0M with expenses exceeding revenue, holds 47.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Local Union No 46 L Metallic Lathers's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -16.4% | -2.9% | -3.0% |
| 2023 | -6.2% | +4.4% | -3.9% |
| 2022 | -4.8% | -8.9% | -11.0% |
| 2021 | +7.6% | -0.4% | -1.3% |
| 2020 | -6.7% | -10.9% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local Union No 46 L Metallic Lathers with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Local Union No 46 L Metallic Lathers allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
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: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size with annual revenues exceeding $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Local Union No 46 L Metallic Lathers's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $3,694,414 expenses vs. $2,647,367 revenue in 202406.
- Declining asset base, from $18,706,453 in 201806 to $14,622,370 in 202406, indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Local Union No 46 L Metallic Lathers:
- Consistent IRS 990 filing history, indicating good transparency.
- Reported 0% officer compensation across all filings, suggesting minimal executive overhead.
- Significant asset base ($14,240,904 latest reported) provides a buffer despite deficit spending.
Frequently Asked Questions about Local Union No 46 L Metallic Lathers
Is Local Union No 46 L Metallic Lathers a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Union No 46 L Metallic Lathers (EIN: 131036160) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Local Union No 46 L Metallic Lathers spend its money?
Local Union No 46 L Metallic Lathers directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local Union No 46 L Metallic Lathers tax-deductible?
Local Union No 46 L Metallic Lathers is registered as a tax-exempt nonprofit (EIN: 131036160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local Union No 46 L Metallic Lathers CEO make?
Local Union No 46 L Metallic Lathers's highest-compensated officer earns $2 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Local Union No 46 L Metallic Lathers compare to similar nonprofits?
With a transparency score of 75/100 (Good), Local Union No 46 L Metallic Lathers is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local Union No 46 L Metallic Lathers located?
Local Union No 46 L Metallic Lathers is headquartered in New York, New York and files with the IRS under EIN 131036160. It is classified under NTEE code J40.
How many years of IRS 990 filings does Local Union No 46 L Metallic Lathers have?
Local Union No 46 L Metallic Lathers 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 $5.3M in total revenue.
How does Local Union No 46 L Metallic Lathers sustain operations with consistent deficits?
The organization appears to be sustaining operations by drawing down its accumulated assets, which have decreased from $18,706,453 in 201806 to $14,622,370 in 202406, aligning with the consistent trend of expenses exceeding revenue.
What is the long-term financial strategy given the declining asset base?
The filings do not explicitly state a long-term financial strategy. However, the consistent deficit spending and declining assets suggest a need for either increased revenue generation or expense reduction to ensure long-term sustainability.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings consistently report 0% officer compensation. This could mean that officers are volunteers, compensated through other means not reported as officer compensation, or that the organization's structure does not involve paid officers in the traditional sense.
Filing History
IRS 990 filing history for Local Union No 46 L Metallic Lathers showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Local Union No 46 L Metallic Lathers's revenue has declined by 46.4%, moving from $4.9M to $2.6M. Total assets decreased by 29.9% over the same period, from $20.8M to $14.6M. Total functional expenses fell by 29.6%, from $5.2M to $3.7M. In its most recent filing year (2024), Local Union No 46 L Metallic Lathers reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $174K in liabilities against $14.6M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $14.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $3.7M | $14.6M | $174K | — | View 990 |
| 2023 | $3.2M | $3.8M | $15.1M | $0 | — | View 990 |
| 2022 | $3.4M | $3.6M | $15.7M | $0 | — | View 990 |
| 2021 | $3.5M | $4.0M | $17.6M | $0 | — | View 990 |
| 2020 | $3.3M | $4.0M | $17.9M | $183K | — | View 990 |
| 2019 | $3.5M | $4.5M | $17.8M | $208K | — | View 990 |
| 2018 | $5.4M | $4.9M | $18.7M | $158K | — | View 990 |
| 2017 | $5.1M | $5.4M | $18.2M | $133K | — | View 990 |
| 2016 | $4.4M | $4.3M | $18.5M | $133K | — | View 990 |
| 2015 | $3.7M | $4.0M | $18.3M | $158K | — | View 990 |
| 2014 | $2.2M | $2.0M | $18.5M | $121K | — | View 990 |
| 2013 | $2.8M | $3.9M | $18.4M | $121K | — | View 990 |
| 2012 | $4.1M | $5.1M | $19.8M | $121K | — | View 990 |
| 2011 | $4.9M | $5.2M | $20.8M | $171K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.6M, expenses of $3.7M, and assets of $14.6M (revenue -16.4% year-over-year).
- 2023: Revenue of $3.2M, expenses of $3.8M, and assets of $15.1M (revenue -6.2% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.6M, and assets of $15.7M (revenue -4.8% year-over-year).
- 2021: Revenue of $3.5M, expenses of $4.0M, and assets of $17.6M (revenue +7.6% year-over-year).
- 2020: Revenue of $3.3M, expenses of $4.0M, and assets of $17.9M (revenue -6.7% year-over-year).
- 2019: Revenue of $3.5M, expenses of $4.5M, and assets of $17.8M (revenue -34.0% year-over-year).
- 2018: Revenue of $5.4M, expenses of $4.9M, and assets of $18.7M (revenue +4.4% year-over-year).
- 2017: Revenue of $5.1M, expenses of $5.4M, and assets of $18.2M (revenue +16.1% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.3M, and assets of $18.5M (revenue +18.1% year-over-year).
- 2015: Revenue of $3.7M, expenses of $4.0M, and assets of $18.3M (revenue +73.7% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $18.5M (revenue -23.9% year-over-year).
- 2013: Revenue of $2.8M, expenses of $3.9M, and assets of $18.4M (revenue -31.3% year-over-year).
- 2012: Revenue of $4.1M, expenses of $5.1M, and assets of $19.8M (revenue -16.5% year-over-year).
- 2011: Revenue of $4.9M, expenses of $5.2M, and assets of $20.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Union No 46 L Metallic Lathers:
Data Sources and Methodology
This transparency report for Local Union No 46 L Metallic Lathers 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.