Camp Korey
Camp Korey reports a $1.3 million deficit in 2023, following prior surpluses, while maintaining substantial assets and zero officer compensation.
EIN: 203829742 · Mount Vernon, WA · NTEE: O43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.7M |
| Program Spending | 80% |
| Net Assets | $9.1M |
| Transparency Score | 85/100 |
Is Camp Korey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Camp Korey directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Camp Korey
Camp Korey (EIN: 203829742) is a nonprofit organization based in Mount Vernon, WA, classified under NTEE code O43. The organization reported total revenue of $4.5M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camp Korey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Camp Korey is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-1,309,387 |
| Total Assets | $18.3M |
| Total Liabilities | $9.2M |
| Net Assets | $9.1M |
| Operating Margin | -39.0% |
| Debt-to-Asset Ratio | 50.1% |
| Months of Reserves | 47.1 months |
Financial Health Grade: C
In 2023, Camp Korey reported a deficit of $1.3M with expenses exceeding revenue, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 50.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Camp Korey's revenue has declined at a compound annual growth rate (CAGR) of -10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.5% | +25.4% | -9.4% |
| 2022 | -24.4% | +13.6% | +10.9% |
| 2021 | +63.2% | +25.0% | +63.5% |
| 2020 | -12.6% | -13.0% | +11.6% |
| 2019 | +11.2% | +3.6% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Camp Korey 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Camp Korey allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.1%.
Executive Compensation Analysis
Camp Korey consistently reports 0% officer compensation across all available filings, indicating that its top executives do not receive salaries, which is highly unusual and suggests a significant commitment to minimizing administrative costs at the highest level.
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 Camp Korey's IRS 990 filings:
- Significant deficit in 2023 ($1.3 million)
- Unexplained negative revenue in 2016 ($-2,049,209)
- Increasing liabilities over time, reaching $9.16 million in 2023
Strengths
The following positive indicators were identified for Camp Korey:
- Consistent reporting of 0% officer compensation across all filings
- Substantial growth in assets, reaching over $18.3 million in 2023
- Consistent filing of IRS Form 990s for 14 periods, indicating transparency
- Strong revenue performance in several years (e.g., $5.6 million in 2021, $4.8 million in 2015)
Frequently Asked Questions about Camp Korey
Is Camp Korey a legitimate charity?
Camp Korey (EIN: 203829742) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Camp Korey spend its money?
Camp Korey directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Camp Korey tax-deductible?
Camp Korey is registered as a tax-exempt nonprofit (EIN: 203829742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Camp Korey's spending goes to programs?
Camp Korey directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Camp Korey compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Camp Korey is above average for NTEE category O43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Camp Korey located?
Camp Korey is headquartered in Mount Vernon, Washington and files with the IRS under EIN 203829742. It is classified under NTEE code O43.
How many years of IRS 990 filings does Camp Korey have?
Camp Korey has 14 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 $4.5M in total revenue.
Why did Camp Korey report negative revenue in 2016?
The filing for Period 201612 shows revenue of $-2,049,209. This is highly unusual and would typically indicate a significant accounting adjustment or a major return of funds, requiring a deeper dive into the specific 990 filing to understand the context.
How does Camp Korey manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all 14 filings suggests that executive leadership may be entirely volunteer-based, compensated through other means not classified as officer compensation, or that the organization's structure allows for this unique compensation model. This is a significant positive for donor confidence regarding overhead.
What caused the $1.3 million deficit in 2023?
In Period 202312, Camp Korey's expenses ($4,664,566) significantly exceeded its revenue ($3,355,179), resulting in a deficit of over $1.3 million. This could be due to increased program costs, one-time expenditures, or a temporary dip in fundraising, and warrants further investigation into the detailed expense categories.
Are Camp Korey's increasing liabilities a concern?
Camp Korey's liabilities have grown from $3.4 million in 2016 to $9.16 million in 2023. While assets have also increased, the rising liabilities, particularly in the context of a recent deficit, should be monitored to ensure long-term financial stability and solvency.
Filing History
IRS 990 filing history for Camp Korey showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Camp Korey's revenue has declined by 74.8%, moving from $13.3M to $3.4M. Total assets increased by 10.1% over the same period, from $16.6M to $18.3M. Total functional expenses rose by 8.1%, from $4.3M to $4.7M. In its most recent filing year (2023), Camp Korey reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $18.3M in assets (debt-to-asset ratio: 50.1%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $4.7M | $18.3M | $9.2M | — | View 990 |
| 2022 | $4.3M | $3.7M | $20.2M | $9.9M | — | — |
| 2021 | $5.7M | $3.3M | $18.2M | $8.1M | — | View 990 |
| 2020 | $3.5M | $2.6M | $11.1M | $3.6M | — | View 990 |
| 2019 | $4.0M | $3.0M | $10.0M | $3.5M | — | View 990 |
| 2018 | $3.6M | $2.9M | $8.8M | $3.5M | — | View 990 |
| 2017 | $3.1M | $2.7M | $8.2M | $3.5M | — | View 990 |
| 2016 | $-2,049,209 | $4.9M | $7.6M | $3.4M | — | View 990 |
| 2015 | $4.8M | $4.8M | $19.3M | $341K | — | View 990 |
| 2014 | $5.6M | $4.4M | $19.3M | $310K | — | View 990 |
| 2013 | $5.2M | $4.4M | $18.2M | $357K | — | View 990 |
| 2012 | $4.7M | $4.4M | $17.2M | $301K | — | View 990 |
| 2011 | $4.3M | $4.3M | $16.9M | $289K | — | View 990 |
| 2010 | $13.3M | $4.3M | $16.6M | $159K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $4.7M, and assets of $18.3M (revenue -21.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.7M, and assets of $20.2M (revenue -24.4% year-over-year).
- 2021: Revenue of $5.7M, expenses of $3.3M, and assets of $18.2M (revenue +63.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $2.6M, and assets of $11.1M (revenue -12.6% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.0M, and assets of $10.0M (revenue +11.2% year-over-year).
- 2018: Revenue of $3.6M, expenses of $2.9M, and assets of $8.8M (revenue +13.3% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.7M, and assets of $8.2M.
- 2016: Revenue of $-2,049,209, expenses of $4.9M, and assets of $7.6M (revenue -142.4% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.8M, and assets of $19.3M (revenue -13.2% year-over-year).
- 2014: Revenue of $5.6M, expenses of $4.4M, and assets of $19.3M (revenue +6.4% year-over-year).
- 2013: Revenue of $5.2M, expenses of $4.4M, and assets of $18.2M (revenue +12.3% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.4M, and assets of $17.2M (revenue +8.7% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.3M, and assets of $16.9M (revenue -67.8% year-over-year).
- 2010: Revenue of $13.3M, expenses of $4.3M, and assets of $16.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Camp Korey:
Data Sources and Methodology
This transparency report for Camp Korey 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.