Building Corporation Local 1505 I B E W
501(c)(2)
Only null% goes to programs Strong reserves Growing revenue
Building Corporation Local 1505 I B E W is a 501(c)(2) organization based in Woburn, Massachusetts, registered in 1993, with $69,229 in FY2023 revenue. CharityIndex grades it C+.
2 Rainin Road, Woburn, MA, 01801 EIN 04-2193494 Since 1993
Revenue (FY2023)
$69K
▲ 0.2% vs prior year
Expenses (FY2023)
$79K
Net assets
$254K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Building Corporation Local 1505 I B E W— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating39 mo reserves · -13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Building Corporation Local 1505 I B E W: 39 mo reserves · -13% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Building Corporation Local 1505 I B E W— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Building Corporation Local 1505 I B E W: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2 Rainin Road, Woburn, MA, 01801
- City
- Woburn
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $61K (FY2013) to $69K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $114KNet assets $254K
Operating margin
-13.4%
Spent more than it raised in the latest fiscal year.
Total assets
$367K
Total liabilities
$114K
Net assets
$254K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $69,229▲0.2% | $78,533▲59.9% | $253,553▼3.5% | $367,202▼7.6% | 990EZ |
| 2022 | $69,125▲20.1% | $49,127▲3.2% | $262,857▲8.2% | $397,587▲1.3% | 990EZ |
| 2021 | $57,575▼1.6% | $47,617▼9.8% | $242,859▲4.3% | $392,399▼1.6% | 990EZ |
| 2020 | $58,500▼1.5% | $52,810▼6.8% | $232,901▲5.4% | $398,770▼2.3% | 990EZ |
| 2019 | $59,375▲5.3% | $56,654▼7.2% | $220,911▲1.2% | $408,265▼2.5% | 990 |
| 2018 | $56,400 | $61,026▼2.6% | $218,190▼2.1% | $418,530▼2.5% | 990 |
| 2017 | $56,400 | $62,659▲14.2% | $222,816▼2.7% | $429,316▼4.2% | 990 |
| 2016 | $56,400▲3.0% | $54,874▼0.2% | $229,075▲0.7% | $448,175▼2.4% | 990 |
| 2015 | $54,750▲1.5% | $54,965▼6.0% | $227,549▼0.1% | $459,068▼2.7% | 990 |
| 2014 | $53,925▼11.5% | $58,470▲3.6% | $227,764▼2.0% | $471,663▼3.4% | 990 |
| 2013 | $60,900 | $56,459▼8.4% | $232,309▲1.9% | $488,291▼1.7% | 990 |
| 2012 | — | $61,663▲13.5% | $227,868▲0.3% | $496,891▼4.1% | 990 |
| 2010 | — | $54,340 | $227,286 | $518,116 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Building Corporation Local 1505 I B E W a legitimate nonprofit?
- Yes. Building Corporation Local 1505 I B E W is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 04-2193494, based in Woburn, Massachusetts.
- What is Building Corporation Local 1505 I B E W's EIN?
- Building Corporation Local 1505 I B E W's Employer Identification Number (EIN) is 04-2193494.
- How much revenue does Building Corporation Local 1505 I B E W report?
- Building Corporation Local 1505 I B E W reported $69,229 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Building Corporation Local 1505 I B E W have?
- CharityIndex grades Building Corporation Local 1505 I B E W C+, based on financial health (reserves and operating margin).
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Data for Building Corporation Local 1505 I B E W (EIN 04-2193494) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.