Center For Advanced Manufacturing Puget Sound
EIN: 261349668 · Kent, WA · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $760K |
| Total Expenses | $811K |
| Net Assets | $-54,224 |
Is Center For Advanced Manufacturing Puget Sound Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Center For Advanced Manufacturing Puget Sound
Center For Advanced Manufacturing Puget Sound (EIN: 261349668) is a nonprofit organization based in Kent, WA, classified under NTEE code S41. The organization reported total revenue of $760K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Advanced Manufacturing Puget Sound's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Advanced Manufacturing Puget Sound is a small nonprofit that has been operating for 3 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $783K |
| Total Expenses | $811K |
| Surplus / Deficit | $-27,641 |
| Total Assets | $136K |
| Total Liabilities | $190K |
| Net Assets | $-54,224 |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 140.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Center For Advanced Manufacturing Puget Sound reported a deficit of $28K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 140.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Center For Advanced Manufacturing Puget Sound's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | +7.3% | -26.3% |
| 2022 | -20.6% | +2.8% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Center For Advanced Manufacturing Puget Sound 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 Center For Advanced Manufacturing Puget Sound 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 $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.0%.
Frequently Asked Questions about Center For Advanced Manufacturing Puget Sound
Is Center For Advanced Manufacturing Puget Sound a legitimate charity?
Center For Advanced Manufacturing Puget Sound (EIN: 261349668) is a registered tax-exempt nonprofit based in Washington. It has 3 years of IRS 990 filings on record. Total revenue: $760K. No red flags identified. Financial health grade: D.
How does Center For Advanced Manufacturing Puget Sound spend its money?
Center For Advanced Manufacturing Puget Sound reported $760K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Center For Advanced Manufacturing Puget Sound tax-deductible?
Center For Advanced Manufacturing Puget Sound is registered as a tax-exempt nonprofit (EIN: 261349668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Center For Advanced Manufacturing Puget Sound located?
Center For Advanced Manufacturing Puget Sound is headquartered in Kent, Washington and files with the IRS under EIN 261349668. It is classified under NTEE code S41.
How many years of IRS 990 filings does Center For Advanced Manufacturing Puget Sound have?
Center For Advanced Manufacturing Puget Sound has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $760K in total revenue.
Filing History
IRS 990 filing history for Center For Advanced Manufacturing Puget Sound showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Center For Advanced Manufacturing Puget Sound's revenue has declined by 0.9%, moving from $790K to $783K. Total assets decreased by 16% over the same period, from $162K to $136K. Total functional expenses rose by 10.2%, from $735K to $811K. In its most recent filing year (2023), Center For Advanced Manufacturing Puget Sound reported a deficit of $28K, with expenses exceeding revenue. The organization holds $190K in liabilities against $136K in assets (debt-to-asset ratio: 140.0%), resulting in net assets of $-54,224.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $783K | $811K | $136K | $190K | — | — |
| 2022 | $627K | $756K | $184K | $211K | — | View 990 |
| 2021 | $790K | $735K | $162K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $783K, expenses of $811K, and assets of $136K (revenue +24.9% year-over-year).
- 2022: Revenue of $627K, expenses of $756K, and assets of $184K (revenue -20.6% year-over-year).
- 2021: Revenue of $790K, expenses of $735K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Advanced Manufacturing Puget Sound:
Data Sources and Methodology
This transparency report for Center For Advanced Manufacturing Puget Sound 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.