Kincaid Housing
Kincaid Housing consistently operates with no reported officer compensation, maintaining stable assets and growing revenue.
EIN: 203602705 · Seattle, WA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $398K |
| Total Expenses | $359K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $364K |
| Transparency Score | 90/100 |
Is Kincaid Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kincaid Housing directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kincaid Housing
Kincaid Housing (EIN: 203602705) is a nonprofit organization based in Seattle, WA. The organization reported total revenue of $398K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kincaid Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kincaid Housing is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $369K |
| Total Expenses | $359K |
| Surplus / Deficit | +$10K |
| Total Assets | $1.2M |
| Total Liabilities | $792K |
| Net Assets | $364K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 68.5% |
| Months of Reserves | 38.6 months |
Financial Health Grade: A
In 2023, Kincaid Housing reported a surplus of $10K with revenue exceeding expenses, holds 38.6 months of operating reserves (strong position), has a debt-to-asset ratio of 68.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kincaid Housing's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +5.5% | +0.3% |
| 2022 | -0.2% | +7.0% | -1.3% |
| 2021 | -0.3% | +5.3% | +2.4% |
| 2020 | +1.5% | +-0.0% | +2.5% |
| 2019 | +3.4% | +1.7% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Kincaid Housing with a Mission Score of 90 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, Kincaid Housing 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.5%.
Executive Compensation Analysis
Kincaid Housing consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization with over $300,000 in annual expenses and over $1 million in assets.
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 Kincaid Housing's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data (e.g., specific program vs. admin costs beyond officer comp)
Strengths
The following positive indicators were identified for Kincaid Housing:
- Consistent reporting of 0% officer compensation across all filings
- Steady growth in revenue over the past decade (from $282,142 in 2014 to $397,658 currently)
- Stable and growing asset base (over $1 million consistently, reaching $1,192,525)
- Expenses closely track revenue, indicating efficient use of funds rather than excessive accumulation
- Liabilities have generally decreased relative to assets over time, improving financial position
Frequently Asked Questions about Kincaid Housing
Is Kincaid Housing a legitimate charity?
Kincaid Housing (EIN: 203602705) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $398K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Kincaid Housing spend its money?
Kincaid Housing directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kincaid Housing tax-deductible?
Kincaid Housing is registered as a tax-exempt nonprofit (EIN: 203602705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kincaid Housing CEO make?
Kincaid Housing's highest-compensated officer earns $300,000 annually. The organization reported $398K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kincaid Housing's spending goes to programs?
Kincaid Housing directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kincaid Housing located?
Kincaid Housing is headquartered in Seattle, Washington and files with the IRS under EIN 203602705.
How many years of IRS 990 filings does Kincaid Housing have?
Kincaid Housing 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 $398K in total revenue.
Is Kincaid Housing a good charity?
Based on the provided financial data, Kincaid Housing appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to directing resources to its mission by reporting 0% officer compensation for over a decade.
How has Kincaid Housing's financial stability changed over time?
Kincaid Housing has shown consistent financial stability and growth. Its assets have steadily increased from $1,062,117 in 2014 to $1,192,525 currently, and revenue has grown from $282,142 to $397,658 over the same period, indicating a healthy and growing organization.
What is Kincaid Housing's approach to executive compensation?
Kincaid Housing's approach to executive compensation is highly unusual and commendable, as it consistently reports 0% officer compensation across all 13 available IRS 990 filings, suggesting a volunteer-led or extremely lean executive structure.
Filing History
IRS 990 filing history for Kincaid Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kincaid Housing's revenue has grown by 27.3%, moving from $290K to $369K. Total assets increased by 14.6% over the same period, from $1.0M to $1.2M. Total functional expenses rose by 36.2%, from $264K to $359K. In its most recent filing year (2023), Kincaid Housing reported a surplus of $10K, with revenue exceeding expenses. The organization holds $792K in liabilities against $1.2M in assets (debt-to-asset ratio: 68.5%), resulting in net assets of $364K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $369K | $359K | $1.2M | $792K | — | — |
| 2022 | $347K | $340K | $1.2M | $802K | — | View 990 |
| 2021 | $347K | $318K | $1.2M | $824K | — | View 990 |
| 2020 | $348K | $302K | $1.1M | $826K | — | — |
| 2019 | $343K | $302K | $1.1M | $845K | — | View 990 |
| 2018 | $332K | $297K | $1.1M | $835K | — | View 990 |
| 2017 | $324K | $298K | $1.0M | $845K | — | View 990 |
| 2016 | $324K | $284K | $1.0M | $879K | — | View 990 |
| 2015 | $306K | $304K | $1.0M | $917K | — | View 990 |
| 2014 | $282K | $263K | $1.1M | $941K | — | View 990 |
| 2013 | $302K | $247K | $1.1M | $972K | — | View 990 |
| 2012 | $298K | $261K | $994K | $947K | — | View 990 |
| 2011 | $290K | $264K | $1.0M | $998K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $369K, expenses of $359K, and assets of $1.2M (revenue +6.3% year-over-year).
- 2022: Revenue of $347K, expenses of $340K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2021: Revenue of $347K, expenses of $318K, and assets of $1.2M (revenue -0.3% year-over-year).
- 2020: Revenue of $348K, expenses of $302K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2019: Revenue of $343K, expenses of $302K, and assets of $1.1M (revenue +3.4% year-over-year).
- 2018: Revenue of $332K, expenses of $297K, and assets of $1.1M (revenue +2.4% year-over-year).
- 2017: Revenue of $324K, expenses of $298K, and assets of $1.0M (revenue -0.1% year-over-year).
- 2016: Revenue of $324K, expenses of $284K, and assets of $1.0M (revenue +6.0% year-over-year).
- 2015: Revenue of $306K, expenses of $304K, and assets of $1.0M (revenue +8.5% year-over-year).
- 2014: Revenue of $282K, expenses of $263K, and assets of $1.1M (revenue -6.7% year-over-year).
- 2013: Revenue of $302K, expenses of $247K, and assets of $1.1M (revenue +1.6% year-over-year).
- 2012: Revenue of $298K, expenses of $261K, and assets of $994K (revenue +2.8% year-over-year).
- 2011: Revenue of $290K, expenses of $264K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kincaid Housing:
Data Sources and Methodology
This transparency report for Kincaid Housing 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.