Keystone Unlimited
Keystone Unlimited consistently operates at a deficit, drawing down assets despite increasing revenue.
EIN: 208077365 · Spokane, WA · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $266K |
| Program Spending | 70% |
| Net Assets | $2.4M |
| Transparency Score | 65/100 |
Is Keystone Unlimited Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keystone Unlimited directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Keystone Unlimited
Keystone Unlimited (EIN: 208077365) is a nonprofit organization based in Spokane, WA, classified under NTEE code P73. The organization reported total revenue of $191K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keystone Unlimited's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keystone Unlimited is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $266K |
| Surplus / Deficit | $-84,608 |
| Total Assets | $2.4M |
| Total Liabilities | $17K |
| Net Assets | $2.4M |
| Operating Margin | -46.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 106.8 months |
Financial Health Grade: B
In 2024, Keystone Unlimited reported a deficit of $85K with expenses exceeding revenue, holds 106.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Keystone Unlimited's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.8% | +1.4% | -3.4% |
| 2023 | -0.4% | +4.2% | -3.5% |
| 2022 | +2.4% | +6.6% | -3.0% |
| 2021 | -0.6% | +6.2% | -3.1% |
| 2020 | +1.4% | -5.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Keystone Unlimited with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Keystone Unlimited allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Keystone Unlimited reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or compensation levels below IRS reporting thresholds, which is generally positive for resource allocation.
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 Keystone Unlimited's IRS 990 filings:
- Consistent operating deficits across all reported periods (e.g., $266,054 expenses vs. $181,446 revenue in 202406).
- Steady decline in total assets over the past decade (from $3,004,589 in 201506 to $2,368,563 in 202406).
- Revenue growth not keeping pace with expense growth, exacerbating deficits.
Strengths
The following positive indicators were identified for Keystone Unlimited:
- Consistent IRS 990 filing history (13 filings) demonstrates transparency.
- No reported officer compensation, suggesting efficient use of funds at the executive level.
- Substantial asset base ($2,368,563 in 202406) provides a buffer despite deficits.
Frequently Asked Questions about Keystone Unlimited
Is Keystone Unlimited a legitimate charity?
Keystone Unlimited (EIN: 208077365) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $191K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Keystone Unlimited spend its money?
Keystone Unlimited directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Keystone Unlimited tax-deductible?
Keystone Unlimited is registered as a tax-exempt nonprofit (EIN: 208077365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Keystone Unlimited's spending goes to programs?
Keystone Unlimited directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Keystone Unlimited compare to similar nonprofits?
With a transparency score of 65/100 (Good), Keystone Unlimited is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Keystone Unlimited located?
Keystone Unlimited is headquartered in Spokane, Washington and files with the IRS under EIN 208077365. It is classified under NTEE code P73.
How many years of IRS 990 filings does Keystone Unlimited have?
Keystone Unlimited 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 $191K in total revenue.
Why does Keystone Unlimited consistently operate at a deficit?
The provided data shows that expenses have exceeded revenue in every reported period, for example, $266,054 in expenses vs. $181,446 in revenue in 202406. This indicates that the organization is spending more than it earns annually.
How is Keystone Unlimited covering its operating deficits?
The consistent decline in assets from $3,004,589 in 201506 to $2,368,563 in 202406 suggests that the organization is drawing down its reserves to cover the annual shortfalls between revenue and expenses.
What is the long-term financial outlook given the declining assets?
While current assets are still substantial at over $2.3 million, a continued trend of operating deficits and asset depletion is unsustainable in the long term and could impact the organization's ability to fulfill its mission.
What is the breakdown of Keystone Unlimited's expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency beyond the overall deficit.
Filing History
IRS 990 filing history for Keystone Unlimited showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Keystone Unlimited's revenue has grown by 102.9%, moving from $89K to $181K. Total assets decreased by 26.9% over the same period, from $3.2M to $2.4M. Total functional expenses rose by 50.6%, from $177K to $266K. In its most recent filing year (2024), Keystone Unlimited reported a deficit of $85K, with expenses exceeding revenue. The organization holds $17K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $181K | $266K | $2.4M | $17K | — | — |
| 2023 | $170K | $262K | $2.5M | $16K | — | — |
| 2022 | $171K | $252K | $2.5M | $12K | — | View 990 |
| 2021 | $167K | $236K | $2.6M | $10K | — | — |
| 2020 | $168K | $222K | $2.7M | $23K | — | View 990 |
| 2019 | $165K | $236K | $2.7M | $10K | — | View 990 |
| 2018 | $156K | $218K | $2.8M | $15K | — | View 990 |
| 2017 | $154K | $216K | $2.9M | $9K | — | View 990 |
| 2016 | $150K | $215K | $2.9M | $13K | — | View 990 |
| 2015 | $139K | $209K | $3.0M | $12K | — | View 990 |
| 2014 | $137K | $201K | $3.1M | $11K | — | View 990 |
| 2013 | $103K | $209K | $3.1M | $20K | — | View 990 |
| 2012 | $89K | $177K | $3.2M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $181K, expenses of $266K, and assets of $2.4M (revenue +6.8% year-over-year).
- 2023: Revenue of $170K, expenses of $262K, and assets of $2.5M (revenue -0.4% year-over-year).
- 2022: Revenue of $171K, expenses of $252K, and assets of $2.5M (revenue +2.4% year-over-year).
- 2021: Revenue of $167K, expenses of $236K, and assets of $2.6M (revenue -0.6% year-over-year).
- 2020: Revenue of $168K, expenses of $222K, and assets of $2.7M (revenue +1.4% year-over-year).
- 2019: Revenue of $165K, expenses of $236K, and assets of $2.7M (revenue +5.7% year-over-year).
- 2018: Revenue of $156K, expenses of $218K, and assets of $2.8M (revenue +1.6% year-over-year).
- 2017: Revenue of $154K, expenses of $216K, and assets of $2.9M (revenue +2.4% year-over-year).
- 2016: Revenue of $150K, expenses of $215K, and assets of $2.9M (revenue +8.4% year-over-year).
- 2015: Revenue of $139K, expenses of $209K, and assets of $3.0M (revenue +1.1% year-over-year).
- 2014: Revenue of $137K, expenses of $201K, and assets of $3.1M (revenue +32.7% year-over-year).
- 2013: Revenue of $103K, expenses of $209K, and assets of $3.1M (revenue +15.4% year-over-year).
- 2012: Revenue of $89K, expenses of $177K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keystone Unlimited:
Data Sources and Methodology
This transparency report for Keystone Unlimited 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.