Cares Of Washington
Cares Of Washington consistently reports 0% officer compensation with growing assets and stable operations.
EIN: 134237286 · Seattle, WA · NTEE: J30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.5M |
| Transparency Score | 95/100 |
Is Cares Of Washington Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cares Of Washington directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cares Of Washington
Cares Of Washington (EIN: 134237286) is a nonprofit organization based in Seattle, WA, classified under NTEE code J30. The organization reported total revenue of $2.9M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cares Of Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cares Of Washington is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$62K |
| Total Assets | $2.0M |
| Total Liabilities | $401K |
| Net Assets | $1.5M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Cares Of Washington reported a surplus of $62K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Cares Of Washington's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +7.9% | +11.1% |
| 2022 | -8.1% | +25.9% | -12.7% |
| 2021 | +30.0% | +2.5% | +34.8% |
| 2020 | -1.6% | -15.0% | +26.5% |
| 2019 | -0.4% | -1.4% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Cares Of Washington with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cares Of Washington allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
Cares Of Washington consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size, with revenues consistently over $1.6 million, and suggests a volunteer-led or extremely lean executive structure, directing nearly all funds to its mission.
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.
Strengths
The following positive indicators were identified for Cares Of Washington:
- Consistent 0% officer compensation, indicating high efficiency in executive pay.
- Positive trend in net assets, growing from $1,179,946 in 2019 to $1,950,319 in 2023.
- Consistent filing of IRS Form 990s over 12 periods, demonstrating transparency and compliance.
- Revenues generally exceed expenses in recent years, leading to financial stability and growth.
- Liabilities are well-managed and represent a reasonable portion of total assets.
Frequently Asked Questions about Cares Of Washington
Is Cares Of Washington a legitimate charity?
Cares Of Washington (EIN: 134237286) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Cares Of Washington spend its money?
Cares Of Washington directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Cares Of Washington tax-deductible?
Cares Of Washington is registered as a tax-exempt nonprofit (EIN: 134237286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cares Of Washington CEO make?
Cares Of Washington's highest-compensated officer earns $1.6 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cares Of Washington's spending goes to programs?
Cares Of Washington directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cares Of Washington compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Cares Of Washington is above average for NTEE category J30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cares Of Washington located?
Cares Of Washington is headquartered in Seattle, Washington and files with the IRS under EIN 134237286. It is classified under NTEE code J30.
How many years of IRS 990 filings does Cares Of Washington have?
Cares Of Washington 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 $2.9M in total revenue.
Is Cares Of Washington a good charity?
Based on the available IRS 990 data, Cares Of Washington appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending. The organization has also shown consistent growth in assets and manages its liabilities well.
How does Cares Of Washington manage its executive compensation?
Cares Of Washington reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is an exceptional level of financial efficiency regarding executive pay.
What is the financial trend of Cares Of Washington?
Cares Of Washington has shown a positive financial trend, with assets growing from $1,179,946 in 2019 to $1,950,319 in 2023. Revenues have generally been stable or growing, and expenses are well-managed, often resulting in a surplus in recent years, such as in 2023 where revenue was $2,256,113 and expenses were $2,193,817.
Filing History
IRS 990 filing history for Cares Of Washington showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Cares Of Washington's revenue has grown by 44.5%, moving from $1.6M to $2.3M. Total assets increased by 68% over the same period, from $1.2M to $2.0M. Total functional expenses rose by 64.9%, from $1.3M to $2.2M. In its most recent filing year (2023), Cares Of Washington reported a surplus of $62K, with revenue exceeding expenses. The organization holds $401K in liabilities against $2.0M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $2.0M | $401K | — | View 990 |
| 2022 | $2.0M | $2.0M | $1.8M | $323K | — | View 990 |
| 2021 | $2.2M | $1.6M | $2.0M | $419K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.5M | $638K | — | View 990 |
| 2019 | $1.7M | $1.9M | $1.2M | $469K | — | View 990 |
| 2018 | $1.7M | $1.9M | $1.1M | $314K | — | View 990 |
| 2017 | $1.7M | $2.1M | $1.2M | $208K | — | View 990 |
| 2016 | $1.9M | $2.1M | $1.4M | $186K | — | View 990 |
| 2015 | $1.9M | $1.9M | $1.6M | $139K | — | View 990 |
| 2014 | $2.1M | $1.7M | $1.7M | $176K | — | View 990 |
| 2013 | $1.4M | $1.5M | $1.1M | $72K | — | View 990 |
| 2012 | $1.6M | $1.3M | $1.2M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $2.0M (revenue +11.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $1.8M (revenue -8.1% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.6M, and assets of $2.0M (revenue +30.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.5M (revenue -1.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $1.2M (revenue -0.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.9M, and assets of $1.1M (revenue +0.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.1M, and assets of $1.2M (revenue -8.4% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.1M, and assets of $1.4M (revenue -0.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $1.6M (revenue -11.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.7M, and assets of $1.7M (revenue +49.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $1.1M (revenue -8.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cares Of Washington:
Data Sources and Methodology
This transparency report for Cares 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.