Union Electrical Workers Inc
EIN: 237372758 · New Castle, DE · NTEE: J40Z
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $230K |
| Net Assets | $796K |
Is Union Electrical Workers Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Union Electrical Workers Inc
Union Electrical Workers Inc (EIN: 237372758) is a nonprofit organization based in New Castle, DE, classified under NTEE code J40Z. The organization reported total revenue of $267K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Electrical Workers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Electrical Workers Inc is a small nonprofit that has been operating for 50 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $230K |
| Surplus / Deficit | $-96,090 |
| Total Assets | $1.2M |
| Total Liabilities | $380K |
| Net Assets | $796K |
| Operating Margin | -71.6% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 61.3 months |
Financial Health Grade: B
In 2023, Union Electrical Workers Inc reported a deficit of $96K with expenses exceeding revenue, holds 61.3 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Union Electrical Workers Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +139.1% | -7.6% |
| 2022 | +21.0% | +6.2% | +1.8% |
| 2021 | -28.8% | -22.3% | +0.6% |
| 2020 | -68.0% | -20.3% | +1.7% |
| 2019 | +169.1% | +29.7% | +30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Union Electrical Workers Inc 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 Union Electrical Workers Inc 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 $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.3%.
Frequently Asked Questions about Union Electrical Workers Inc
Is Union Electrical Workers Inc a legitimate charity?
Union Electrical Workers Inc (EIN: 237372758) is a registered tax-exempt nonprofit based in Delaware. It has 12 years of IRS 990 filings on record. Total revenue: $267K. No red flags identified. Financial health grade: B.
How does Union Electrical Workers Inc spend its money?
Union Electrical Workers Inc reported $267K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Union Electrical Workers Inc tax-deductible?
Union Electrical Workers Inc is registered as a tax-exempt nonprofit (EIN: 237372758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Union Electrical Workers Inc located?
Union Electrical Workers Inc is headquartered in New Castle, Delaware and files with the IRS under EIN 237372758. It is classified under NTEE code J40Z.
How many years of IRS 990 filings does Union Electrical Workers Inc have?
Union Electrical Workers Inc has 12 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 $267K in total revenue.
Filing History
IRS 990 filing history for Union Electrical Workers Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Union Electrical Workers Inc's revenue has grown by 178.5%, moving from $48K to $134K. Total assets increased by 60.4% over the same period, from $733K to $1.2M. Total functional expenses rose by 417.8%, from $44K to $230K. In its most recent filing year (2023), Union Electrical Workers Inc reported a deficit of $96K, with expenses exceeding revenue. The organization holds $380K in liabilities against $1.2M in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $796K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $230K | $1.2M | $380K | — | — |
| 2022 | $119K | $96K | $1.3M | $380K | — | View 990 |
| 2021 | $98K | $91K | $1.3M | $380K | — | View 990 |
| 2020 | $138K | $117K | $1.2M | $380K | — | — |
| 2019 | $430K | $147K | $1.2M | $380K | — | View 990 |
| 2018 | $160K | $113K | $938K | $380K | — | View 990 |
| 2017 | $137K | $102K | $891K | $380K | — | View 990 |
| 2016 | $140K | $102K | $856K | $380K | — | View 990 |
| 2015 | $99K | $37K | $818K | $381K | — | View 990 |
| 2014 | $64K | $63K | $757K | $382K | — | View 990 |
| 2013 | $69K | $47K | $755K | $381K | — | View 990 |
| 2012 | $48K | $44K | $733K | $382K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $230K, and assets of $1.2M (revenue +13.0% year-over-year).
- 2022: Revenue of $119K, expenses of $96K, and assets of $1.3M (revenue +21.0% year-over-year).
- 2021: Revenue of $98K, expenses of $91K, and assets of $1.3M (revenue -28.8% year-over-year).
- 2020: Revenue of $138K, expenses of $117K, and assets of $1.2M (revenue -68.0% year-over-year).
- 2019: Revenue of $430K, expenses of $147K, and assets of $1.2M (revenue +169.1% year-over-year).
- 2018: Revenue of $160K, expenses of $113K, and assets of $938K (revenue +16.4% year-over-year).
- 2017: Revenue of $137K, expenses of $102K, and assets of $891K (revenue -1.9% year-over-year).
- 2016: Revenue of $140K, expenses of $102K, and assets of $856K (revenue +41.0% year-over-year).
- 2015: Revenue of $99K, expenses of $37K, and assets of $818K (revenue +55.6% year-over-year).
- 2014: Revenue of $64K, expenses of $63K, and assets of $757K (revenue -8.0% year-over-year).
- 2013: Revenue of $69K, expenses of $47K, and assets of $755K (revenue +44.2% year-over-year).
- 2012: Revenue of $48K, expenses of $44K, and assets of $733K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Electrical Workers Inc:
Data Sources and Methodology
This transparency report for Union Electrical Workers Inc 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.