Foundation Of District 304
EIN: 461035355 · Sedro Woolley, WA · NTEE: E11
| Metric | Value |
|---|---|
| Total Revenue | $448K |
| Total Expenses | $706K |
| Net Assets | $-15,305 |
Is Foundation Of District 304 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation Of District 304
Foundation Of District 304 (EIN: 461035355) is a nonprofit organization based in Sedro Woolley, WA, classified under NTEE code E11. The organization reported total revenue of $448K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Of District 304's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation Of District 304 is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $703K |
| Total Expenses | $706K |
| Surplus / Deficit | $-3,588 |
| Total Assets | $6K |
| Total Liabilities | $21K |
| Net Assets | $-15,305 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 377.8% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Foundation Of District 304 reported a deficit of $4K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 377.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +17.1% | -95.7% |
| 2022 | +20.9% | +19.3% | +116.9% |
| 2021 | +35.3% | +35.0% | -53.7% |
| 2020 | +25.0% | +20.4% | +33.0% |
| 2019 | +90.1% | +82.0% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation Of District 304 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 Foundation Of District 304 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 377.8%.
Frequently Asked Questions about Foundation Of District 304
Is Foundation Of District 304 a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation Of District 304 (EIN: 461035355) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foundation Of District 304 spend its money?
Detailed spending breakdown data is not yet available for Foundation Of District 304. Check back for updated IRS 990 analysis.
Are donations to Foundation Of District 304 tax-deductible?
Foundation Of District 304 is registered as a tax-exempt nonprofit (EIN: 461035355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation Of District 304 located?
Foundation Of District 304 is headquartered in Sedro Woolley, Washington and files with the IRS under EIN 461035355. It is classified under NTEE code E11.
How many years of IRS 990 filings does Foundation Of District 304 have?
Foundation Of District 304 has 12 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 $448K in total revenue.
Filing History
IRS 990 filing history for Foundation Of District 304 showing financial trends over 12 years of public records:
Total assets increased by 550900% over the same period, from $1 to $6K. In its most recent filing year (2023), Foundation Of District 304 reported a deficit of $4K, with expenses exceeding revenue. The organization holds $21K in liabilities against $6K in assets (debt-to-asset ratio: 377.8%), resulting in net assets of $-15,305.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $703K | $706K | $6K | $21K | — | — |
| 2022 | $602K | $603K | $129K | $141K | — | View 990 |
| 2021 | $498K | $506K | $59K | $70K | — | — |
| 2020 | $368K | $375K | $128K | $76K | — | View 990 |
| 2019 | $295K | $311K | $97K | $38K | — | View 990 |
| 2018 | $155K | $171K | $92K | $17K | — | View 990 |
| 2017 | $202K | $222K | $145K | $53K | — | View 990 |
| 2016 | $211K | $204K | $139K | $27K | — | View 990 |
| 2015 | $192K | $209K | $213K | $108K | — | View 990 |
| 2014 | $10K | $0 | $10K | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2012 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $703K, expenses of $706K, and assets of $6K (revenue +16.8% year-over-year).
- 2022: Revenue of $602K, expenses of $603K, and assets of $129K (revenue +20.9% year-over-year).
- 2021: Revenue of $498K, expenses of $506K, and assets of $59K (revenue +35.3% year-over-year).
- 2020: Revenue of $368K, expenses of $375K, and assets of $128K (revenue +25.0% year-over-year).
- 2019: Revenue of $295K, expenses of $311K, and assets of $97K (revenue +90.1% year-over-year).
- 2018: Revenue of $155K, expenses of $171K, and assets of $92K (revenue -23.3% year-over-year).
- 2017: Revenue of $202K, expenses of $222K, and assets of $145K (revenue -4.3% year-over-year).
- 2016: Revenue of $211K, expenses of $204K, and assets of $139K (revenue +9.7% year-over-year).
- 2015: Revenue of $192K, expenses of $209K, and assets of $213K (revenue +1776.0% year-over-year).
- 2014: Revenue of $10K, expenses of $0, and assets of $10K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2012: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Of District 304:
Data Sources and Methodology
This transparency report for Foundation Of District 304 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.