Downtown Seattle Cares
EIN: 270052418 · Seattle, WA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Net Assets | $101K |
Is Downtown Seattle Cares Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Seattle Cares
Downtown Seattle Cares (EIN: 270052418) is a nonprofit organization based in Seattle, WA, classified under NTEE code S20. The organization reported total revenue of $10.2M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Seattle Cares's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Seattle Cares is a large nonprofit that has been operating for 2 years, with 7 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $0 |
| Surplus / Deficit | +$5K |
| Total Assets | $115K |
| Total Liabilities | $14K |
| Net Assets | $101K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 12.2% |
Financial Health Grade: A
In 2023, Downtown Seattle Cares reported a surplus of $5K with revenue exceeding expenses, has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2023), Downtown Seattle Cares's revenue has declined at a compound annual growth rate (CAGR) of -21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.9% | — | +4.6% |
| 2022 | -55.0% | -100.0% | +38.9% |
| 2021 | +8401.4% | +4997.9% | +1851.2% |
| 2015 | -97.2% | -97.3% | +0.0% |
| 2014 | -67.8% | -79.3% | -71.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Seattle Cares 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 Downtown Seattle Cares 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:
- Debt-to-asset ratio: 12.2%.
Frequently Asked Questions about Downtown Seattle Cares
Is Downtown Seattle Cares a legitimate charity?
Based on AI analysis of IRS 990 filings, Downtown Seattle Cares (EIN: 270052418) insufficient data. 0 red flags identified, 0 strengths noted.
How does Downtown Seattle Cares spend its money?
Detailed spending breakdown data is not yet available for Downtown Seattle Cares. Check back for updated IRS 990 analysis.
Are donations to Downtown Seattle Cares tax-deductible?
Downtown Seattle Cares is registered as a tax-exempt nonprofit (EIN: 270052418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Seattle Cares located?
Downtown Seattle Cares is headquartered in Seattle, Washington and files with the IRS under EIN 270052418. It is classified under NTEE code S20.
How many years of IRS 990 filings does Downtown Seattle Cares have?
Downtown Seattle Cares has 7 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 $10.2M in total revenue.
Filing History
IRS 990 filing history for Downtown Seattle Cares showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2023), Downtown Seattle Cares's revenue has declined by 93.3%, moving from $74K to $5K. Total assets increased by 45.9% over the same period, from $79K to $115K. Total functional expenses fell by 100%, from $9 to $0. The organization holds $14K in liabilities against $115K in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $0 | $115K | $14K | — | View 990 |
| 2022 | $45K | $0 | $110K | $14K | — | View 990 |
| 2021 | $100K | $60K | $79K | $28K | — | View 990 |
| 2015 | $1K | $1K | $4K | $0 | — | View 990 |
| 2014 | $43K | $43K | $4K | $0 | — | View 990 |
| 2013 | $133K | $207K | $14K | $10K | — | View 990 |
| 2012 | $74K | $9 | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $0, and assets of $115K (revenue -88.9% year-over-year).
- 2022: Revenue of $45K, expenses of $0, and assets of $110K (revenue -55.0% year-over-year).
- 2021: Revenue of $100K, expenses of $60K, and assets of $79K (revenue +8401.4% year-over-year).
- 2015: Revenue of $1K, expenses of $1K, and assets of $4K (revenue -97.2% year-over-year).
- 2014: Revenue of $43K, expenses of $43K, and assets of $4K (revenue -67.8% year-over-year).
- 2013: Revenue of $133K, expenses of $207K, and assets of $14K (revenue +78.3% year-over-year).
- 2012: Revenue of $74K, expenses of $9, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Seattle Cares:
Data Sources and Methodology
This transparency report for Downtown Seattle Cares 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.