Aerospace Futures Alliance Of Washington
Aerospace Futures Alliance operates near break-even with no reported officer compensation.
EIN: 205001571 · Seattle, WA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $485K |
| Total Expenses | $491K |
| Program Spending | 80% |
| Net Assets | $65K |
| Transparency Score | 85/100 |
Is Aerospace Futures Alliance Of Washington Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aerospace Futures Alliance Of Washington directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aerospace Futures Alliance Of Washington
Aerospace Futures Alliance Of Washington (EIN: 205001571) is a nonprofit organization based in Seattle, WA, classified under NTEE code S41. The organization reported total revenue of $485K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aerospace Futures Alliance Of Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aerospace Futures Alliance Of Washington is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $490K |
| Total Expenses | $491K |
| Surplus / Deficit | $-1,080 |
| Total Assets | $100K |
| Total Liabilities | $35K |
| Net Assets | $65K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 35.2% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Aerospace Futures Alliance Of Washington reported a deficit of $1K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 35.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aerospace Futures Alliance Of Washington's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +15.1% | +7.5% |
| 2022 | -47.3% | -42.9% | +4.5% |
| 2021 | +191.2% | +51.3% | +133.8% |
| 2020 | -35.7% | -9.3% | -85.5% |
| 2019 | -26.5% | +18.1% | -50.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aerospace Futures Alliance Of Washington with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Aerospace Futures Alliance Of Washington allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive financial practice, suggesting that all revenue is directed towards the organization's mission and operational costs rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aerospace Futures Alliance Of Washington's IRS 990 filings:
- Fluctuating revenue and asset base could indicate inconsistent funding or strategic shifts.
- Operating near break-even consistently means limited reserves for unexpected challenges.
Strengths
The following positive indicators were identified for Aerospace Futures Alliance Of Washington:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Long and consistent IRS 990 filing history, demonstrating transparency.
- Expenses closely track revenues, suggesting responsible budgeting and spending.
Frequently Asked Questions about Aerospace Futures Alliance Of Washington
Is Aerospace Futures Alliance Of Washington a legitimate charity?
Aerospace Futures Alliance Of Washington (EIN: 205001571) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $485K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Aerospace Futures Alliance Of Washington spend its money?
Aerospace Futures Alliance Of Washington directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Aerospace Futures Alliance Of Washington tax-deductible?
Aerospace Futures Alliance Of Washington is registered as a tax-exempt nonprofit (EIN: 205001571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aerospace Futures Alliance Of Washington's spending goes to programs?
Aerospace Futures Alliance Of Washington directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aerospace Futures Alliance Of Washington compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Aerospace Futures Alliance Of Washington is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aerospace Futures Alliance Of Washington located?
Aerospace Futures Alliance Of Washington is headquartered in Seattle, Washington and files with the IRS under EIN 205001571. It is classified under NTEE code S41.
How many years of IRS 990 filings does Aerospace Futures Alliance Of Washington have?
Aerospace Futures Alliance Of Washington has 13 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 $485K in total revenue.
Is Aerospace Futures Alliance Of Washington financially stable?
The organization generally operates near break-even, with revenues closely matching expenses (e.g., $489,873 revenue vs. $490,953 expenses in 2023). While this indicates consistent operational activity, it also means limited accumulation of reserves, which could impact long-term stability if revenues significantly decline.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all 13 filings, indicating that no officers receive salaries from the organization. This is an excellent practice for maximizing funds directed towards its mission.
What is the trend in the organization's assets?
Assets have fluctuated significantly, peaking at $521,895 in 2018 and declining to $99,691 in 2023. This trend could reflect strategic spending, investment in programs, or operational needs rather than consistent asset growth.
Is the organization growing or shrinking?
Revenue has shown volatility, with a high of $806,523 in 2021 and a low of $276,968 in 2020. The most recent revenue of $489,873 in 2023 is comparable to previous years like 2017 ($489,907), suggesting a relatively stable but not consistently growing operational scale.
Filing History
IRS 990 filing history for Aerospace Futures Alliance Of Washington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aerospace Futures Alliance Of Washington's revenue has grown by 62.4%, moving from $302K to $490K. Total assets increased by 133.6% over the same period, from $43K to $100K. Total functional expenses rose by 53.9%, from $319K to $491K. In its most recent filing year (2023), Aerospace Futures Alliance Of Washington reported a deficit of $1K, with expenses exceeding revenue. The organization holds $35K in liabilities against $100K in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $491K | $100K | $35K | — | View 990 |
| 2022 | $425K | $427K | $93K | $27K | — | View 990 |
| 2021 | $807K | $747K | $89K | $17K | — | View 990 |
| 2020 | $277K | $494K | $38K | $16K | — | — |
| 2019 | $431K | $545K | $261K | $3K | — | — |
| 2018 | $586K | $461K | $522K | $251K | — | View 990 |
| 2017 | $490K | $349K | $397K | $268K | — | View 990 |
| 2016 | $377K | $330K | $86K | $0 | — | View 990 |
| 2015 | $256K | $234K | $39K | $0 | — | View 990 |
| 2014 | $367K | $334K | $43K | $26K | — | View 990 |
| 2013 | $320K | $321K | $9K | $24K | — | View 990 |
| 2012 | $299K | $337K | $8K | $21K | — | View 990 |
| 2011 | $302K | $319K | $43K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $491K, and assets of $100K (revenue +15.4% year-over-year).
- 2022: Revenue of $425K, expenses of $427K, and assets of $93K (revenue -47.3% year-over-year).
- 2021: Revenue of $807K, expenses of $747K, and assets of $89K (revenue +191.2% year-over-year).
- 2020: Revenue of $277K, expenses of $494K, and assets of $38K (revenue -35.7% year-over-year).
- 2019: Revenue of $431K, expenses of $545K, and assets of $261K (revenue -26.5% year-over-year).
- 2018: Revenue of $586K, expenses of $461K, and assets of $522K (revenue +19.7% year-over-year).
- 2017: Revenue of $490K, expenses of $349K, and assets of $397K (revenue +30.1% year-over-year).
- 2016: Revenue of $377K, expenses of $330K, and assets of $86K (revenue +47.0% year-over-year).
- 2015: Revenue of $256K, expenses of $234K, and assets of $39K (revenue -30.1% year-over-year).
- 2014: Revenue of $367K, expenses of $334K, and assets of $43K (revenue +14.5% year-over-year).
- 2013: Revenue of $320K, expenses of $321K, and assets of $9K (revenue +6.9% year-over-year).
- 2012: Revenue of $299K, expenses of $337K, and assets of $8K (revenue -0.8% year-over-year).
- 2011: Revenue of $302K, expenses of $319K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aerospace Futures Alliance Of Washington:
Data Sources and Methodology
This transparency report for Aerospace Futures Alliance Of Washington 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.