Edison Terrace West
Edison Terrace West consistently spends more than it earns, drawing down assets while maintaining zero officer compensation.
EIN: 205057014 · Kennewick, WA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $810K |
| Total Expenses | $403K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.2M |
| Transparency Score | 75/100 |
Is Edison Terrace West Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edison Terrace West directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edison Terrace West
Edison Terrace West (EIN: 205057014) is a nonprofit organization based in Kennewick, WA, classified under NTEE code L22. The organization reported total revenue of $810K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edison Terrace West's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edison Terrace West is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $403K |
| Surplus / Deficit | $-112,034 |
| Total Assets | $3.2M |
| Total Liabilities | $30K |
| Net Assets | $3.2M |
| Operating Margin | -38.5% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 95.5 months |
Financial Health Grade: B
In 2024, Edison Terrace West reported a deficit of $112K with expenses exceeding revenue, holds 95.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Edison Terrace West's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.9% | +2.0% | -3.3% |
| 2023 | +9.7% | +12.5% | -3.4% |
| 2022 | +5.6% | +1.3% | -3.0% |
| 2021 | +0.9% | +3.6% | -3.1% |
| 2020 | +1.9% | +3.7% | -2.4% |
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 Edison Terrace West with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Edison Terrace West allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive indicator of financial integrity and a commitment to directing all available funds towards the organization's mission, especially given its asset base of over $3 million.
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 Edison Terrace West's IRS 990 filings:
- Consistent deficit spending: Expenses have exceeded revenue in every reported period, leading to a steady decline in assets.
- Declining asset base: Total assets have decreased by approximately 23.5% from $4,187,256 in 2015 to $3,205,444 in 2024, indicating a reliance on reserves.
Strengths
The following positive indicators were identified for Edison Terrace West:
- Zero officer compensation: No compensation reported for officers across all filings, demonstrating strong financial integrity and mission focus.
- Low and stable liabilities: Liabilities have remained consistently low, indicating responsible debt management.
- Consistent IRS 990 filings: A long history of public financial disclosure demonstrates transparency.
Frequently Asked Questions about Edison Terrace West
Is Edison Terrace West a legitimate charity?
Edison Terrace West (EIN: 205057014) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $810K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Edison Terrace West spend its money?
Edison Terrace West directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Edison Terrace West tax-deductible?
Edison Terrace West is registered as a tax-exempt nonprofit (EIN: 205057014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Edison Terrace West CEO make?
Edison Terrace West's highest-compensated officer earns $3 annually. The organization reported $810K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Edison Terrace West's spending goes to programs?
Edison Terrace West directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edison Terrace West compare to similar nonprofits?
With a transparency score of 75/100 (Good), Edison Terrace West is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edison Terrace West located?
Edison Terrace West is headquartered in Kennewick, Washington and files with the IRS under EIN 205057014. It is classified under NTEE code L22.
How many years of IRS 990 filings does Edison Terrace West have?
Edison Terrace West has 13 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 $810K in total revenue.
Is Edison Terrace West financially sustainable in the long term?
The organization has consistently reported expenses exceeding revenue for at least the past decade, leading to a decline in assets from $4,187,256 in 2015 to $3,205,444 in 2024. While liabilities are low, this trend of deficit spending suggests potential long-term sustainability challenges if not addressed through increased revenue or reduced expenses.
What is the primary reason for the consistent deficit spending?
Without a detailed breakdown of expenses beyond total revenue and expenses, it's difficult to pinpoint the exact reasons. It could be due to insufficient fundraising, increasing operational costs, or a strategic decision to utilize reserves for specific projects. Further analysis of their program activities and funding sources would be needed.
How does Edison Terrace West manage its liabilities?
The organization appears to manage its liabilities effectively, with reported liabilities remaining relatively low and stable, ranging from $20,584 to $33,283 over the past decade. This indicates responsible financial management in terms of debt.
Filing History
IRS 990 filing history for Edison Terrace West showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Edison Terrace West's revenue has grown by 46.4%, moving from $199K to $291K. Total assets decreased by 28.3% over the same period, from $4.5M to $3.2M. Total functional expenses rose by 36.7%, from $295K to $403K. In its most recent filing year (2024), Edison Terrace West reported a deficit of $112K, with expenses exceeding revenue. The organization holds $30K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $291K | $403K | $3.2M | $30K | — | — |
| 2023 | $275K | $395K | $3.3M | $27K | — | — |
| 2022 | $250K | $351K | $3.4M | $24K | — | View 990 |
| 2021 | $237K | $347K | $3.5M | $31K | — | View 990 |
| 2020 | $235K | $335K | $3.7M | $33K | — | View 990 |
| 2019 | $231K | $323K | $3.7M | $24K | — | View 990 |
| 2018 | $208K | $331K | $3.8M | $31K | — | View 990 |
| 2017 | $202K | $329K | $4.0M | $21K | — | View 990 |
| 2016 | $202K | $306K | $4.1M | $21K | — | View 990 |
| 2015 | $201K | $301K | $4.2M | $23K | — | View 990 |
| 2014 | $200K | $298K | $4.3M | $21K | — | View 990 |
| 2013 | $201K | $290K | $4.4M | $20K | — | View 990 |
| 2012 | $199K | $295K | $4.5M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $291K, expenses of $403K, and assets of $3.2M (revenue +5.9% year-over-year).
- 2023: Revenue of $275K, expenses of $395K, and assets of $3.3M (revenue +9.7% year-over-year).
- 2022: Revenue of $250K, expenses of $351K, and assets of $3.4M (revenue +5.6% year-over-year).
- 2021: Revenue of $237K, expenses of $347K, and assets of $3.5M (revenue +0.9% year-over-year).
- 2020: Revenue of $235K, expenses of $335K, and assets of $3.7M (revenue +1.9% year-over-year).
- 2019: Revenue of $231K, expenses of $323K, and assets of $3.7M (revenue +10.8% year-over-year).
- 2018: Revenue of $208K, expenses of $331K, and assets of $3.8M (revenue +3.3% year-over-year).
- 2017: Revenue of $202K, expenses of $329K, and assets of $4.0M (revenue -0.3% year-over-year).
- 2016: Revenue of $202K, expenses of $306K, and assets of $4.1M (revenue +0.6% year-over-year).
- 2015: Revenue of $201K, expenses of $301K, and assets of $4.2M (revenue +0.3% year-over-year).
- 2014: Revenue of $200K, expenses of $298K, and assets of $4.3M (revenue -0.2% year-over-year).
- 2013: Revenue of $201K, expenses of $290K, and assets of $4.4M (revenue +1.1% year-over-year).
- 2012: Revenue of $199K, expenses of $295K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edison Terrace West:
Data Sources and Methodology
This transparency report for Edison Terrace West 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.