Generally low or no reported liabilities across most filing periods, suggesting sound debt management.
Regular filing of IRS 990s, demonstrating transparency in financial reporting.
Spending Breakdown
How Seattle Industry Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Seattle Industry Foundation
Is Seattle Industry Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seattle Industry Foundation (EIN: 203812716) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Seattle Industry Foundation a good charity to donate to?
Seattle Industry Foundation has a Mission Score of 70/100. Revenue: $206K. Assets: $30K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seattle Industry Foundation?
The Employer Identification Number (EIN) for Seattle Industry Foundation is 203812716. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Seattle Industry Foundation spend its money?
Seattle Industry Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seattle Industry Foundation's tax-exempt status?
You can verify Seattle Industry Foundation's tax-exempt status using EIN 203812716 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Seattle Industry Foundation demonstrates a fluctuating financial history, with significant swings in revenue and expenses over the past five reported periods. While the latest filing (202312) shows revenue of $113,520 exceeding expenses of $102,610, indicating a surplus, the organization experienced substantial deficits in 202112 (expenses $536,779 vs. revenue $435,579) and 202212 (expenses $34,550 vs. revenue $30,000). This inconsistency suggests potential challenges in maintaining stable funding or managing expenditures. The organization's assets have also varied considerably, peaking at $120,630 in 202012 before declining to $25,790 in 202312, which could impact its long-term financial resilience given its latest reported assets of $29,844 against total revenue of $205,838.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator of efficient use of funds at the executive level and suggests a volunteer-led or very lean leadership structure. The absence of reported liabilities in most periods also points to sound financial management in avoiding debt.
Regarding transparency, the availability of five IRS 990 filings over a decade demonstrates a commitment to public disclosure. The consistent reporting of zero officer compensation is a transparent practice. However, without more granular expense data, a complete picture of how funds are allocated to programs versus overhead remains somewhat opaque. The significant fluctuations in revenue and assets warrant closer examination to understand the underlying operational stability.