Is Madrona Institute Legit?

Madrona Institute demonstrates a generally healthy financial trajectory, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($154,586 vs. $123,057), leading to a substantial increase in assets to $85,038. This indicates effective financial management and growth. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the consistent positive net income in recent years suggests a sustainable operational model. The organization's assets have shown significant growth, from $8,437 in 2014 to $85,038 in 2023, indicating prudent financial stewardship and capacity building. The organization's spending efficiency appears sound, with expenses generally managed well within revenue, especially in the last few years. The absence of officer compensation is a notable strength in terms of efficiency and public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited. The consistent filing of IRS Form 990s over 11 periods demonstrates a commitment to regulatory compliance and financial transparency, allowing for public scrutiny of its financial activities. The growth in assets and revenue suggests increasing capacity to fulfill its mission.