Foss Waterway Seaport
EIN: 911741794 · Tacoma, WA · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Net Assets | $3.2M |
Is Foss Waterway Seaport Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foss Waterway Seaport
Foss Waterway Seaport (EIN: 911741794) is a nonprofit organization based in Tacoma, WA, classified under NTEE code A50. The organization reported total revenue of $1.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foss Waterway Seaport's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foss Waterway Seaport is a mid-size nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$248K |
| Total Assets | $3.6M |
| Total Liabilities | $383K |
| Net Assets | $3.2M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, Foss Waterway Seaport reported a surplus of $248K with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Foss Waterway Seaport's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +24.0% | +18.1% |
| 2022 | -1.5% | +16.4% | +0.4% |
| 2021 | +125.8% | +22.3% | +15.4% |
| 2020 | -56.3% | -85.3% | -16.3% |
| 2019 | +64.2% | +421.4% | -53.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foss Waterway Seaport 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 Foss Waterway Seaport 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 surplus of $248K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.8%.
Frequently Asked Questions about Foss Waterway Seaport
Is Foss Waterway Seaport a legitimate charity?
Based on AI analysis of IRS 990 filings, Foss Waterway Seaport (EIN: 911741794) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foss Waterway Seaport spend its money?
Detailed spending breakdown data is not yet available for Foss Waterway Seaport. Check back for updated IRS 990 analysis.
Are donations to Foss Waterway Seaport tax-deductible?
Foss Waterway Seaport is registered as a tax-exempt nonprofit (EIN: 911741794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foss Waterway Seaport located?
Foss Waterway Seaport is headquartered in Tacoma, Washington and files with the IRS under EIN 911741794. It is classified under NTEE code A50.
How many years of IRS 990 filings does Foss Waterway Seaport have?
Foss Waterway Seaport has 14 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Foss Waterway Seaport showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Foss Waterway Seaport's revenue has declined by 3.5%, moving from $1.8M to $1.7M. Total assets decreased by 25.9% over the same period, from $4.8M to $3.6M. Total functional expenses rose by 98.6%, from $728K to $1.4M. In its most recent filing year (2023), Foss Waterway Seaport reported a surplus of $248K, with revenue exceeding expenses. The organization holds $383K in liabilities against $3.6M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.4M | $3.6M | $383K | — | — |
| 2022 | $1.3M | $1.2M | $3.0M | $141K | — | View 990 |
| 2021 | $1.4M | $1.0M | $3.0M | $167K | — | View 990 |
| 2020 | $604K | $819K | $2.6M | $154K | — | — |
| 2019 | $1.4M | $5.6M | $3.1M | $469K | — | View 990 |
| 2018 | $841K | $1.1M | $6.7M | $59K | — | View 990 |
| 2017 | $1.0M | $1.1M | $7.0M | $70K | — | View 990 |
| 2016 | $2.0M | $1.1M | $7.1M | $54K | — | View 990 |
| 2015 | $1.0M | $973K | $6.2M | $36K | — | View 990 |
| 2014 | $1.5M | $875K | $6.2M | $8K | — | View 990 |
| 2013 | $1.4M | $696K | $5.5M | $2K | — | View 990 |
| 2012 | $1.6M | $959K | $4.8M | $4K | — | View 990 |
| 2011 | $498K | $1.1M | $4.7M | $590K | — | View 990 |
| 2010 | $1.8M | $728K | $4.8M | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $3.6M (revenue +26.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $3.0M (revenue -1.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.0M, and assets of $3.0M (revenue +125.8% year-over-year).
- 2020: Revenue of $604K, expenses of $819K, and assets of $2.6M (revenue -56.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $5.6M, and assets of $3.1M (revenue +64.2% year-over-year).
- 2018: Revenue of $841K, expenses of $1.1M, and assets of $6.7M (revenue -16.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $7.0M (revenue -50.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.1M, and assets of $7.1M (revenue +96.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $973K, and assets of $6.2M (revenue -29.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $875K, and assets of $6.2M (revenue +7.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $696K, and assets of $5.5M (revenue -14.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $959K, and assets of $4.8M (revenue +220.3% year-over-year).
- 2011: Revenue of $498K, expenses of $1.1M, and assets of $4.7M (revenue -71.6% year-over-year).
- 2010: Revenue of $1.8M, expenses of $728K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foss Waterway Seaport:
Data Sources and Methodology
This transparency report for Foss Waterway Seaport 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.