Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers
501(c)(5)
Only null% goes to programs Strong reserves Growing revenue
Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers is a 501(c)(5) organization based in Canton, Ohio, registered in 1995, with $2,130,959 in FY2023 revenue. CharityIndex grades it B.
618 High Ave Nw, Canton, OH, 44703 EIN 34-0225474 Since 1995
Revenue (FY2023)
$2.1M
▲ 1.9% vs prior year
Expenses (FY2023)
$1.6M
Net assets
$2.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +26% 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 Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers: 19 mo reserves · +26% margin earns a A 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 Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers— 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 Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.1M (FY2013) to $2.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $18KNet assets $2.4M
Operating margin
26.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$18K
Net assets
$2.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,130,959▲1.9% | $1,573,475▼8.9% | $2,435,628▲19.4% | $2,453,636▲19.2% | 990 |
| 2022 | $2,091,607▲24.9% | $1,726,384▲28.1% | $2,039,280▲16.4% | $2,057,904▲16.9% | 990 |
| 2021 | $1,674,883▲90.8% | $1,347,399▲44.8% | $1,752,490▲9.9% | $1,759,935▲4.8% | 990 |
| 2020 | $877,728▼11.8% | $930,357▼15.0% | $1,594,797▼4.2% | $1,678,815▲0.8% | 990 |
| 2019 | $994,654▼26.5% | $1,095,126▼21.0% | $1,665,436▼8.7% | $1,665,819▼9.0% | 990 |
| 2018 | $1,354,035▼16.1% | $1,386,662▼6.2% | $1,823,453▼1.8% | $1,831,496▼1.7% | 990 |
| 2017 | $1,613,835▼2.5% | $1,478,748▲8.3% | $1,856,080▲7.8% | $1,863,859▲7.8% | 990 |
| 2016 | $1,654,639▲35.1% | $1,365,472▲21.4% | $1,720,993▲20.2% | $1,729,041▲20.2% | 990 |
| 2015 | $1,224,885▼8.7% | $1,124,554▲3.5% | $1,431,826▲5.7% | $1,438,955▲5.5% | 990 |
| 2014 | $1,341,894▲26.9% | $1,086,367▲13.1% | $1,354,532▲23.3% | $1,363,341▲23.3% | 990 |
| 2013 | $1,057,039 | $960,628▼12.4% | $1,099,006▲9.6% | $1,106,017▲9.7% | 990 |
| 2012 | — | $1,096,561▲19.5% | $1,002,595▼4.5% | $1,007,882▼4.5% | 990 |
| 2011 | — | $917,481▲23.2% | $1,049,416▲16.4% | $1,055,213▲16.4% | 990 |
| 2010 | — | $744,975▲1.1% | $901,232▲16.1% | $906,350▲16.4% | 990 |
| 2009 | — | $736,617 | $776,134 | $778,879 | 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 Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers a legitimate nonprofit?
- Yes. Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 34-0225474, based in Canton, Ohio.
- What is Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers's EIN?
- Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers's Employer Identification Number (EIN) is 34-0225474.
- How much revenue does Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers report?
- Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers reported $2,130,959 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers have?
- CharityIndex grades Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers B, based on financial health (reserves and operating margin).
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Data for Local Union No 550 of the Intl Assn of Bridge Str & Orn Iron Workers (EIN 34-0225474) 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.