206 Universal
EIN: 270807517 · Seattle, WA · NTEE: B84
| Metric | Value |
|---|---|
| Total Revenue | $488K |
| Total Expenses | $462K |
| Net Assets | $18K |
Is 206 Universal Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 206 Universal
206 Universal (EIN: 270807517) is a nonprofit organization based in Seattle, WA, classified under NTEE code B84. The organization reported total revenue of $488K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 206 Universal's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
206 Universal is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 37.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $462K |
| Surplus / Deficit | $-78,477 |
| Total Assets | $185K |
| Total Liabilities | $168K |
| Net Assets | $18K |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 90.5% |
| Months of Reserves | 4.8 months |
Financial Health Grade: C
In 2023, 206 Universal reported a deficit of $78K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 90.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), 206 Universal's revenue has grown at a compound annual growth rate (CAGR) of 37.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +0.6% | -30.4% |
| 2022 | +101.0% | +160.8% | -21.5% |
| 2021 | +12.2% | +6.7% | +9.4% |
| 2020 | -45.7% | -50.6% | +115.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 206 Universal has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 206 Universal with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.5%.
Frequently Asked Questions about 206 Universal
Is 206 Universal a legitimate charity?
206 Universal (EIN: 270807517) is a registered tax-exempt nonprofit based in Washington. It has 12 years of IRS 990 filings on record. Total revenue: $488K. No red flags identified. Financial health grade: C.
How does 206 Universal spend its money?
206 Universal reported $488K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 206 Universal tax-deductible?
206 Universal is registered as a tax-exempt nonprofit (EIN: 270807517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 206 Universal located?
206 Universal is headquartered in Seattle, Washington and files with the IRS under EIN 270807517. It is classified under NTEE code B84.
How many years of IRS 990 filings does 206 Universal have?
206 Universal has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $488K in total revenue.
Filing History
IRS 990 filing history for 206 Universal showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), 206 Universal's revenue has grown by 3140.1%, moving from $12K to $383K. Total assets increased by 17673.5% over the same period, from $1K to $185K. Total functional expenses rose by 2159.8%, from $20K to $462K. In its most recent filing year (2023), 206 Universal reported a deficit of $78K, with expenses exceeding revenue. The organization holds $168K in liabilities against $185K in assets (debt-to-asset ratio: 90.5%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $462K | $185K | $168K | — | — |
| 2022 | $381K | $459K | $266K | $170K | — | View 990 |
| 2021 | $190K | $176K | $340K | $160K | — | View 990 |
| 2020 | $169K | $165K | $310K | $147K | — | — |
| 2019 | $311K | $334K | $144K | $26K | — | View 990 |
| 2018 | $-2,000 | $7K | $21K | $0 | — | View 990 |
| 2017 | $275K | $211K | $166K | $17K | — | View 990 |
| 2016 | $141K | $81K | $92K | $9K | — | View 990 |
| 2015 | $38K | $30K | $24K | $0 | — | View 990 |
| 2014 | $30K | $22K | $16K | $0 | — | View 990 |
| 2013 | $41K | $34K | $8K | $0 | — | View 990 |
| 2012 | $12K | $20K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $383K, expenses of $462K, and assets of $185K (revenue +0.6% year-over-year).
- 2022: Revenue of $381K, expenses of $459K, and assets of $266K (revenue +101.0% year-over-year).
- 2021: Revenue of $190K, expenses of $176K, and assets of $340K (revenue +12.2% year-over-year).
- 2020: Revenue of $169K, expenses of $165K, and assets of $310K (revenue -45.7% year-over-year).
- 2019: Revenue of $311K, expenses of $334K, and assets of $144K.
- 2018: Revenue of $-2,000, expenses of $7K, and assets of $21K (revenue -100.7% year-over-year).
- 2017: Revenue of $275K, expenses of $211K, and assets of $166K (revenue +95.2% year-over-year).
- 2016: Revenue of $141K, expenses of $81K, and assets of $92K (revenue +273.9% year-over-year).
- 2015: Revenue of $38K, expenses of $30K, and assets of $24K (revenue +25.7% year-over-year).
- 2014: Revenue of $30K, expenses of $22K, and assets of $16K (revenue -27.2% year-over-year).
- 2013: Revenue of $41K, expenses of $34K, and assets of $8K (revenue +248.7% year-over-year).
- 2012: Revenue of $12K, expenses of $20K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 206 Universal:
Data Sources and Methodology
This transparency report for 206 Universal is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.