Echo Bay Foundation
Echo Bay Foundation faces persistent operating deficits and declining assets despite substantial reserves.
EIN: 201985227 · Bellevue, WA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $482K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.3M |
| Transparency Score | 45/100 |
Is Echo Bay Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Echo Bay Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Echo Bay Foundation
Echo Bay Foundation (EIN: 201985227) is a nonprofit organization based in Bellevue, WA, classified under NTEE code T20. The organization reported total revenue of $2.6M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Echo Bay Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Echo Bay Foundation is a mid-size nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $482K |
| Surplus / Deficit | $-407,332 |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | -546.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.1 months |
Financial Health Grade: B
In 2023, Echo Bay Foundation reported a deficit of $407K with expenses exceeding revenue, holds 133.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Echo Bay Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.7% | +1.6% | -7.1% |
| 2022 | -27.6% | +10.9% | -4.2% |
| 2021 | +4.6% | +5.2% | -1.9% |
| 2020 | -12.1% | -7.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Echo Bay Foundation with a Mission Score of 45 out of 100 (Fair). 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, Echo Bay Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $407K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 11 filings, which is unusual for an organization with over $5 million in assets and annual expenses exceeding $400,000, suggesting either a fully volunteer executive team or compensation is categorized differently.
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 Echo Bay Foundation's IRS 990 filings:
- Persistent and significant operating deficits (e.g., 2023: Revenue=$74,497, Expenses=$481,829).
- Consistent decline in total assets over time (from $6.8M in 2015 to $5.3M in 2023).
- Unusually low and consistent reported liabilities of $1 across all filings.
- Lack of reported officer compensation despite significant expenses and assets, which could obscure leadership costs.
- Revenue in 2016 was negative ($-85,663), indicating a significant financial anomaly.
Strengths
The following positive indicators were identified for Echo Bay Foundation:
- Substantial asset base of over $5 million, providing a buffer for current operations.
- Long history of IRS 990 filings (11 filings), indicating consistent reporting compliance.
- No reported officer compensation, potentially indicating a volunteer-driven leadership or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about Echo Bay Foundation
Is Echo Bay Foundation a legitimate charity?
Echo Bay Foundation (EIN: 201985227) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.6M. 5 red flags identified. 3 strengths noted. Financial health grade: B.
How does Echo Bay Foundation spend its money?
Echo Bay Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Echo Bay Foundation tax-deductible?
Echo Bay Foundation is registered as a tax-exempt nonprofit (EIN: 201985227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Echo Bay Foundation CEO make?
Echo Bay Foundation's highest-compensated officer earns $5 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Echo Bay Foundation's spending goes to programs?
Echo Bay Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Echo Bay Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Echo Bay Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Echo Bay Foundation located?
Echo Bay Foundation is headquartered in Bellevue, Washington and files with the IRS under EIN 201985227. It is classified under NTEE code T20.
How many years of IRS 990 filings does Echo Bay Foundation have?
Echo Bay Foundation has 11 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 $2.6M in total revenue.
Is Echo Bay Foundation a good charity?
The Echo Bay Foundation's financial health is concerning due to consistent operating deficits and declining assets. While it holds substantial assets, its ability to cover expenses with current revenue is poor. A detailed breakdown of program spending versus administrative and fundraising costs would be necessary to fully assess its efficiency and impact.
Why is the revenue consistently lower than expenses?
The consistent disparity between low revenue and high expenses, as seen in 2023 (Revenue=$74,497, Expenses=$481,829), indicates that the organization is not generating enough income to cover its operational costs and is likely drawing down its asset base to sustain operations.
What is the reason for the declining asset base?
The declining asset base, from $6.8 million in 2015 to $5.3 million in 2023, is likely a direct consequence of the organization's persistent operating deficits, where expenses consistently exceed revenue, forcing it to utilize its reserves.
How does the organization fund its operations with such low revenue?
Given the low revenue and high expenses, the organization appears to be funding its operations by liquidating or drawing down its substantial asset base, which is not a sustainable long-term strategy.
Is the $1 liability figure accurate across all filings?
The consistent reporting of only $1 in liabilities across all 11 filings is highly unusual for an organization of this size and financial activity, raising questions about the accuracy and completeness of its financial reporting in this specific area.
Filing History
IRS 990 filing history for Echo Bay Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Echo Bay Foundation's revenue has declined by 58.6%, moving from $180K to $74K. Total assets decreased by 3.6% over the same period, from $5.5M to $5.3M. Total functional expenses rose by 51.3%, from $318K to $482K. In its most recent filing year (2023), Echo Bay Foundation reported a deficit of $407K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $482K | $5.3M | $1 | — | View 990 |
| 2022 | $224K | $474K | $5.8M | $1 | — | View 990 |
| 2021 | $309K | $428K | $6.0M | $1 | — | View 990 |
| 2020 | $296K | $407K | $6.1M | $1 | — | — |
| 2019 | $336K | $441K | $6.2M | $1 | — | View 990 |
| 2016 | $-85,663 | $383K | $6.4M | $1 | — | View 990 |
| 2015 | $1.9M | $398K | $6.9M | $1 | — | View 990 |
| 2014 | $348K | $366K | $5.4M | $1 | — | View 990 |
| 2013 | $317K | $350K | $5.4M | $1 | — | View 990 |
| 2012 | $247K | $357K | $5.4M | $1 | — | View 990 |
| 2011 | $180K | $318K | $5.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $482K, and assets of $5.3M (revenue -66.7% year-over-year).
- 2022: Revenue of $224K, expenses of $474K, and assets of $5.8M (revenue -27.6% year-over-year).
- 2021: Revenue of $309K, expenses of $428K, and assets of $6.0M (revenue +4.6% year-over-year).
- 2020: Revenue of $296K, expenses of $407K, and assets of $6.1M (revenue -12.1% year-over-year).
- 2019: Revenue of $336K, expenses of $441K, and assets of $6.2M.
- 2016: Revenue of $-85,663, expenses of $383K, and assets of $6.4M (revenue -104.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $398K, and assets of $6.9M (revenue +441.6% year-over-year).
- 2014: Revenue of $348K, expenses of $366K, and assets of $5.4M (revenue +9.6% year-over-year).
- 2013: Revenue of $317K, expenses of $350K, and assets of $5.4M (revenue +28.6% year-over-year).
- 2012: Revenue of $247K, expenses of $357K, and assets of $5.4M (revenue +37.2% year-over-year).
- 2011: Revenue of $180K, expenses of $318K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Echo Bay Foundation:
Data Sources and Methodology
This transparency report for Echo Bay Foundation 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.