International Assoc of Bridge Struc & Ornamental Iron Workers Loc 103

Analysis

International Assoc of Bridge Struc & Ornamental Iron Workers Loc 103 is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Assoc of Bridge Struc & Ornamental Iron Workers Loc 103 reported income of $377k and spending of $396k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $504k to $377k (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2021, when income dropped by 44%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Assoc of Bridge Struc & Ornamental Iron Workers Loc 103 sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Vetgroup Inc ($377k), Adopt-A-Soldier Platoon Inc ($377k) and Great Plains Regional Volleyball Association ($377k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $133k. At year end it held assets of $1.1m against liabilities of $2,446, net assets of $1.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.