Equipping Restoring And Multiplying Inc
Equipping Restoring And Multiplying Inc operates with volunteer leadership and consistent revenue, experiencing minor annual fluctuations.
EIN: 204237118 · Edmonds, WA · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $471K |
| Total Expenses | $502K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $479,138 |
| Net Assets | $113K |
| Transparency Score | 85/100 |
Is Equipping Restoring And Multiplying Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equipping Restoring And Multiplying Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equipping Restoring And Multiplying Inc
Equipping Restoring And Multiplying Inc (EIN: 204237118) is a nonprofit organization based in Edmonds, WA, classified under NTEE code X21. The organization reported total revenue of $471K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equipping Restoring And Multiplying Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equipping Restoring And Multiplying Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $479K |
| Total Expenses | $502K |
| Surplus / Deficit | $-23,161 |
| Total Assets | $116K |
| Total Liabilities | $3K |
| Net Assets | $113K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Equipping Restoring And Multiplying Inc reported a deficit of $23K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Equipping Restoring And Multiplying Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +26.0% | -15.8% |
| 2022 | +40.1% | +39.1% | +25.8% |
| 2021 | +3.3% | -11.2% | +18.1% |
| 2020 | -19.4% | +22.9% | -24.9% |
| 2019 | +30.3% | -7.2% | +462.5% |
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 Equipping Restoring And Multiplying Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Equipping Restoring And Multiplying Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is below IRS reporting thresholds, which is highly favorable for a nonprofit of this size (latest revenue $479,138).
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 Equipping Restoring And Multiplying Inc's IRS 990 filings:
- Occasional operating deficits, such as the $23,161 deficit in 202312, require careful monitoring.
Strengths
The following positive indicators were identified for Equipping Restoring And Multiplying Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and volunteer commitment.
- Positive trend in asset growth, from $21,954 in 201812 to $115,881 in 202312.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Low liabilities, with only $3,332 reported in 202312, indicating good financial management.
Frequently Asked Questions about Equipping Restoring And Multiplying Inc
Is Equipping Restoring And Multiplying Inc a legitimate charity?
Equipping Restoring And Multiplying Inc (EIN: 204237118) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $471K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Equipping Restoring And Multiplying Inc spend its money?
Equipping Restoring And Multiplying Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Equipping Restoring And Multiplying Inc tax-deductible?
Equipping Restoring And Multiplying Inc is registered as a tax-exempt nonprofit (EIN: 204237118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Equipping Restoring And Multiplying Inc CEO make?
Equipping Restoring And Multiplying Inc's highest-compensated officer earns $479,138 annually. The organization reported $471K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Equipping Restoring And Multiplying Inc's spending goes to programs?
Equipping Restoring And Multiplying Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equipping Restoring And Multiplying Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Equipping Restoring And Multiplying Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equipping Restoring And Multiplying Inc located?
Equipping Restoring And Multiplying Inc is headquartered in Edmonds, Washington and files with the IRS under EIN 204237118. It is classified under NTEE code X21.
How many years of IRS 990 filings does Equipping Restoring And Multiplying Inc have?
Equipping Restoring And Multiplying Inc 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 $471K in total revenue.
Is Equipping Restoring And Multiplying Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a financially sound and efficient charity, particularly due to its 0% reported officer compensation and consistent financial reporting.
How does the organization manage its finances given the occasional operating deficits?
While the organization experienced a slight operating deficit in 202312 ($23,161), it had a surplus in 202212 ($26,236), suggesting that these are annual fluctuations rather than a sustained financial issue. Its growing asset base also provides a buffer.
What is the trend in the organization's assets?
The organization's assets have generally increased over the past few years, from $21,954 in 201812 to $115,881 in 202312, indicating a healthy accumulation of reserves.
Filing History
IRS 990 filing history for Equipping Restoring And Multiplying Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equipping Restoring And Multiplying Inc's revenue has grown by 180.7%, moving from $171K to $479K. Total assets increased by 39% over the same period, from $83K to $116K. Total functional expenses rose by 219%, from $157K to $502K. In its most recent filing year (2023), Equipping Restoring And Multiplying Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $3K in liabilities against $116K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $113K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $479K | $502K | $116K | $3K | — | — |
| 2022 | $425K | $399K | $138K | $2K | — | — |
| 2021 | $303K | $286K | $109K | $0 | — | — |
| 2020 | $294K | $323K | $93K | $8K | — | View 990 |
| 2019 | $364K | $262K | $123K | $0 | — | View 990 |
| 2018 | $279K | $283K | $22K | $0 | — | View 990 |
| 2017 | $155K | $196K | $25K | $0 | — | View 990 |
| 2016 | $147K | $148K | $66K | $-414 | — | View 990 |
| 2015 | $254K | $251K | $69K | $2K | — | View 990 |
| 2014 | $248K | $216K | $131K | $67K | — | View 990 |
| 2013 | $168K | $161K | $112K | $79K | — | View 990 |
| 2012 | $127K | $165K | $41K | $16K | — | View 990 |
| 2011 | $171K | $157K | $83K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $479K, expenses of $502K, and assets of $116K (revenue +12.8% year-over-year).
- 2022: Revenue of $425K, expenses of $399K, and assets of $138K (revenue +40.1% year-over-year).
- 2021: Revenue of $303K, expenses of $286K, and assets of $109K (revenue +3.3% year-over-year).
- 2020: Revenue of $294K, expenses of $323K, and assets of $93K (revenue -19.4% year-over-year).
- 2019: Revenue of $364K, expenses of $262K, and assets of $123K (revenue +30.3% year-over-year).
- 2018: Revenue of $279K, expenses of $283K, and assets of $22K (revenue +80.6% year-over-year).
- 2017: Revenue of $155K, expenses of $196K, and assets of $25K (revenue +5.0% year-over-year).
- 2016: Revenue of $147K, expenses of $148K, and assets of $66K (revenue -41.9% year-over-year).
- 2015: Revenue of $254K, expenses of $251K, and assets of $69K (revenue +2.4% year-over-year).
- 2014: Revenue of $248K, expenses of $216K, and assets of $131K (revenue +47.2% year-over-year).
- 2013: Revenue of $168K, expenses of $161K, and assets of $112K (revenue +33.1% year-over-year).
- 2012: Revenue of $127K, expenses of $165K, and assets of $41K (revenue -25.9% year-over-year).
- 2011: Revenue of $171K, expenses of $157K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equipping Restoring And Multiplying Inc:
Data Sources and Methodology
This transparency report for Equipping Restoring And Multiplying Inc 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.