Millwright Local 1755
EIN: 550571785 · Parkersburg, WV
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $323K |
| Net Assets | $950K |
Is Millwright Local 1755 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Millwright Local 1755
Millwright Local 1755 (EIN: 550571785) is a nonprofit organization based in Parkersburg, WV. The organization reported total revenue of $292K and total assets of $957K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millwright Local 1755's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millwright Local 1755 is a small nonprofit that has been operating for 52 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $323K |
| Surplus / Deficit | $-43,057 |
| Total Assets | $950K |
| Net Assets | $950K |
| Operating Margin | -15.4% |
| Months of Reserves | 35.3 months |
Financial Health Grade: B
In 2019, Millwright Local 1755 reported a deficit of $43K with expenses exceeding revenue, holds 35.3 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2019), Millwright Local 1755's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +6.6% | -13.1% | -5.0% |
| 2017 | -10.0% | -0.1% | -10.1% |
| 2016 | -12.3% | +24.4% | -6.6% |
| 2015 | +44.1% | +12.1% | +3.5% |
| 2014 | -7.9% | -5.4% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Millwright Local 1755 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 Millwright Local 1755 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
Frequently Asked Questions about Millwright Local 1755
Is Millwright Local 1755 a legitimate charity?
Millwright Local 1755 (EIN: 550571785) is a registered tax-exempt nonprofit based in West Virginia. It has 8 years of IRS 990 filings on record. Total revenue: $292K. No red flags identified. Financial health grade: B.
How does Millwright Local 1755 spend its money?
Millwright Local 1755 reported $292K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Millwright Local 1755 tax-deductible?
Millwright Local 1755 is registered as a tax-exempt nonprofit (EIN: 550571785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Millwright Local 1755 located?
Millwright Local 1755 is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 550571785.
How many years of IRS 990 filings does Millwright Local 1755 have?
Millwright Local 1755 has 8 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 $292K in total revenue.
Filing History
IRS 990 filing history for Millwright Local 1755 showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), Millwright Local 1755's revenue has declined by 27%, moving from $383K to $280K. Total assets decreased by 24.8% over the same period, from $1.3M to $950K. Total functional expenses fell by 0.6%, from $325K to $323K. In its most recent filing year (2019), Millwright Local 1755 reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $280K | $323K | $950K | $0 | — | View 990 |
| 2017 | $262K | $371K | $1000K | $11K | — | View 990 |
| 2016 | $292K | $372K | $1.1M | $15K | — | View 990 |
| 2015 | $333K | $299K | $1.2M | $13K | — | View 990 |
| 2014 | $231K | $267K | $1.2M | $6K | — | View 990 |
| 2013 | $251K | $282K | $1.2M | $9K | — | View 990 |
| 2012 | $291K | $336K | $1.2M | $8K | — | View 990 |
| 2011 | $383K | $325K | $1.3M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $280K, expenses of $323K, and assets of $950K (revenue +6.6% year-over-year).
- 2017: Revenue of $262K, expenses of $371K, and assets of $1000K (revenue -10.0% year-over-year).
- 2016: Revenue of $292K, expenses of $372K, and assets of $1.1M (revenue -12.3% year-over-year).
- 2015: Revenue of $333K, expenses of $299K, and assets of $1.2M (revenue +44.1% year-over-year).
- 2014: Revenue of $231K, expenses of $267K, and assets of $1.2M (revenue -7.9% year-over-year).
- 2013: Revenue of $251K, expenses of $282K, and assets of $1.2M (revenue -13.9% year-over-year).
- 2012: Revenue of $291K, expenses of $336K, and assets of $1.2M (revenue -24.0% year-over-year).
- 2011: Revenue of $383K, expenses of $325K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millwright Local 1755:
Data Sources and Methodology
This transparency report for Millwright Local 1755 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.