Amazing Discoveries
Amazing Discoveries faces recurring deficits with expenses significantly exceeding revenue in recent years.
EIN: 204268927 · Blaine, WA · NTEE: B99 · Updated: 2026-03-28
Is Amazing Discoveries Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amazing Discoveries directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amazing Discoveries
Amazing Discoveries (EIN: 204268927) is a nonprofit organization based in Blaine, WA, classified under NTEE code B99. The organization reported total revenue of $2.7M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amazing Discoveries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amazing Discoveries with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Amazing Discoveries allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Amazing Discoveries consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers or that it falls below reporting thresholds, which is a positive sign for resource allocation.
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 Amazing Discoveries's IRS 990 filings:
- Significant and recurring deficits in recent years (e.g., $2.37M in 2023, $1.04M in 2022).
- Declining assets from $5.83M in 2021 to $2.96M in 2023.
- Inconsistent financial performance with large swings between surplus and deficit years.
Strengths
The following positive indicators were identified for Amazing Discoveries:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- History of generating substantial revenue, exceeding $2.5M annually in most reported periods.
- Maintained significant asset base, even with recent declines, suggesting some financial cushion.
Frequently Asked Questions about Amazing Discoveries
Is Amazing Discoveries a legitimate charity?
Based on AI analysis of IRS 990 filings, Amazing Discoveries (EIN: 204268927) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Amazing Discoveries spend its money?
Amazing Discoveries directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amazing Discoveries tax-deductible?
Amazing Discoveries is registered as a tax-exempt nonprofit (EIN: 204268927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Amazing Discoveries financially sustainable given recent deficits?
Amazing Discoveries has experienced significant deficits in 2023 and 2022, with expenses exceeding revenue by $2,372,808 and $1,037,837 respectively. This trend raises concerns about long-term financial sustainability if not addressed.
What caused the substantial increase in expenses in 2023 and 2022?
In 2023, expenses were $4,928,945, and in 2022, they were $4,812,395. These figures are significantly higher than in previous years like 2021 ($3,368,241) and 2020 ($2,960,623). Without a detailed functional expense breakdown, the specific causes for this increase cannot be determined from the provided data.
How does Amazing Discoveries manage its liabilities?
Liabilities have fluctuated, reaching a high of $1,329,988 in 2019 and $957,971 in 2023. While not excessively high relative to assets, the recent increase warrants attention, especially in conjunction with declining assets.
Filing History
IRS 990 filing history for Amazing Discoveries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amazing Discoveries's revenue has grown by 61.5%, moving from $1.6M to $2.6M. Total assets increased by 103.7% over the same period, from $1.5M to $3.0M. Total functional expenses rose by 229%, from $1.5M to $4.9M. In its most recent filing year (2023), Amazing Discoveries reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $958K in liabilities against $3.0M in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $4.9M | $3.0M | $958K | — | — |
| 2022 | $3.8M | $4.8M | $5.0M | $613K | — | View 990 |
| 2021 | $5.0M | $3.4M | $5.8M | $416K | — | View 990 |
| 2020 | $5.7M | $3.0M | $4.4M | $599K | — | View 990 |
| 2019 | $3.0M | $3.4M | $2.4M | $1.3M | — | View 990 |
| 2018 | $2.8M | $4.5M | $2.3M | $824K | — | View 990 |
| 2017 | $2.9M | $3.2M | $3.9M | $672K | — | View 990 |
| 2016 | $2.8M | $2.1M | $3.9M | $287K | — | View 990 |
| 2015 | $2.9M | $2.0M | $3.5M | $648K | — | View 990 |
| 2014 | $2.3M | $1.9M | $2.6M | $629K | — | View 990 |
| 2013 | $2.2M | $1.5M | $1.7M | $89K | — | View 990 |
| 2012 | $2.1M | $1.7M | $1.8M | $899K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.5M | $920K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $4.9M, and assets of $3.0M (revenue -32.3% year-over-year).
- 2022: Revenue of $3.8M, expenses of $4.8M, and assets of $5.0M (revenue -24.8% year-over-year).
- 2021: Revenue of $5.0M, expenses of $3.4M, and assets of $5.8M (revenue -11.4% year-over-year).
- 2020: Revenue of $5.7M, expenses of $3.0M, and assets of $4.4M (revenue +87.4% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.4M, and assets of $2.4M (revenue +6.5% year-over-year).
- 2018: Revenue of $2.8M, expenses of $4.5M, and assets of $2.3M (revenue -1.4% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.2M, and assets of $3.9M (revenue +4.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.1M, and assets of $3.9M (revenue -4.8% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.0M, and assets of $3.5M (revenue +26.4% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.9M, and assets of $2.6M (revenue +3.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.5M, and assets of $1.7M (revenue +7.7% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.7M, and assets of $1.8M (revenue +30.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Amazing Discoveries 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.