Steamfitters Local Union No 449 Joint Apprenticeship & Training
EIN: 256069802 · Pittsburgh, PA · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $7.7M |
| Net Assets | $23.5M |
Is Steamfitters Local Union No 449 Joint Apprenticeship & Training Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Steamfitters Local Union No 449 Joint Apprenticeship & Training
Steamfitters Local Union No 449 Joint Apprenticeship & Training (EIN: 256069802) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code J22. The organization reported total revenue of $6.8M and total assets of $23.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitters Local Union No 449 Joint Apprenticeship & Training's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamfitters Local Union No 449 Joint Apprenticeship & Training is a mid-size nonprofit that has been operating for 4 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-1,822,960 |
| Total Assets | $23.5M |
| Total Liabilities | $26K |
| Net Assets | $23.5M |
| Operating Margin | -31.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 36.8 months |
Financial Health Grade: B
In 2023, Steamfitters Local Union No 449 Joint Apprenticeship & Training reported a deficit of $1.8M with expenses exceeding revenue, holds 36.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Steamfitters Local Union No 449 Joint Apprenticeship & Training's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.1% | +3.0% | -3.1% |
| 2022 | -48.5% | +24.1% | -6.2% |
| 2021 | +36.6% | +12.1% | +67.4% |
| 2020 | +10.4% | +6.7% | +84.9% |
| 2019 | +176.4% | +27.9% | +178.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Steamfitters Local Union No 449 Joint Apprenticeship & Training 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 Steamfitters Local Union No 449 Joint Apprenticeship & Training 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 deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Steamfitters Local Union No 449 Joint Apprenticeship & Training
Is Steamfitters Local Union No 449 Joint Apprenticeship & Training a legitimate charity?
Steamfitters Local Union No 449 Joint Apprenticeship & Training (EIN: 256069802) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $6.8M. No red flags identified. Financial health grade: B.
How does Steamfitters Local Union No 449 Joint Apprenticeship & Training spend its money?
Steamfitters Local Union No 449 Joint Apprenticeship & Training reported $6.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Steamfitters Local Union No 449 Joint Apprenticeship & Training tax-deductible?
Steamfitters Local Union No 449 Joint Apprenticeship & Training is registered as a tax-exempt nonprofit (EIN: 256069802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Steamfitters Local Union No 449 Joint Apprenticeship & Training located?
Steamfitters Local Union No 449 Joint Apprenticeship & Training is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 256069802. It is classified under NTEE code J22.
How many years of IRS 990 filings does Steamfitters Local Union No 449 Joint Apprenticeship & Training have?
Steamfitters Local Union No 449 Joint Apprenticeship & Training has 13 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 $6.8M in total revenue.
Filing History
IRS 990 filing history for Steamfitters Local Union No 449 Joint Apprenticeship & Training showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamfitters Local Union No 449 Joint Apprenticeship & Training's revenue has grown by 194.8%, moving from $2.0M to $5.9M. Total assets increased by 1378.3% over the same period, from $1.6M to $23.5M. Total functional expenses rose by 316.7%, from $1.8M to $7.7M. In its most recent filing year (2023), Steamfitters Local Union No 449 Joint Apprenticeship & Training reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $26K in liabilities against $23.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $23.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $7.7M | $23.5M | $26K | — | — |
| 2022 | $8.4M | $7.5M | $24.3M | $28K | — | View 990 |
| 2021 | $16.3M | $6.0M | $25.9M | $26K | — | View 990 |
| 2020 | $11.9M | $5.4M | $15.5M | $24K | — | View 990 |
| 2019 | $10.8M | $5.0M | $8.4M | $21K | — | — |
| 2018 | $3.9M | $3.9M | $3.0M | $513K | — | View 990 |
| 2017 | $3.6M | $3.6M | $2.5M | $12K | — | View 990 |
| 2016 | $2.1M | $2.4M | $2.5M | $16K | — | View 990 |
| 2015 | $2.3M | $2.4M | $2.8M | $10K | — | View 990 |
| 2014 | $2.6M | $2.3M | $2.1M | $11K | — | View 990 |
| 2013 | $1.8M | $1.5M | $1.7M | $5K | — | View 990 |
| 2012 | $1.2M | $1.5M | $1.3M | $4K | — | View 990 |
| 2011 | $2.0M | $1.8M | $1.6M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $7.7M, and assets of $23.5M (revenue -30.1% year-over-year).
- 2022: Revenue of $8.4M, expenses of $7.5M, and assets of $24.3M (revenue -48.5% year-over-year).
- 2021: Revenue of $16.3M, expenses of $6.0M, and assets of $25.9M (revenue +36.6% year-over-year).
- 2020: Revenue of $11.9M, expenses of $5.4M, and assets of $15.5M (revenue +10.4% year-over-year).
- 2019: Revenue of $10.8M, expenses of $5.0M, and assets of $8.4M (revenue +176.4% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.9M, and assets of $3.0M (revenue +7.9% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.6M, and assets of $2.5M (revenue +68.8% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.4M, and assets of $2.5M (revenue -8.1% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.4M, and assets of $2.8M (revenue -9.8% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.3M, and assets of $2.1M (revenue +40.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $1.7M (revenue +48.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.5M, and assets of $1.3M (revenue -37.8% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamfitters Local Union No 449 Joint Apprenticeship & Training:
Data Sources and Methodology
This transparency report for Steamfitters Local Union No 449 Joint Apprenticeship & Training 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.