Madrona Foundation
Madrona Foundation shows inconsistent revenue and significant expense fluctuations, maintaining substantial assets with no reported officer compensation.
EIN: 200780447 · Seattle, WA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $203K |
| Total Expenses | $609K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.4M |
| Transparency Score | 75/100 |
Is Madrona Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madrona Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madrona Foundation
Madrona Foundation (EIN: 200780447) is a nonprofit organization based in Seattle, WA, classified under NTEE code T22. The organization reported total revenue of $203K and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madrona Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madrona Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $609K |
| Surplus / Deficit | $-459,821 |
| Total Assets | $9.4M |
| Total Liabilities | $1 |
| Net Assets | $9.4M |
| Operating Margin | -307.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.6 months |
Financial Health Grade: B
In 2023, Madrona Foundation reported a deficit of $460K with expenses exceeding revenue, holds 184.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Madrona Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.9% | +295.2% | +8.8% |
| 2022 | -63.3% | +7.4% | -15.1% |
| 2021 | -70.0% | -91.7% | +13.8% |
| 2020 | +234.8% | +243.4% | -0.6% |
| 2019 | +120.9% | +13.0% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Madrona Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Madrona Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $460K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $10 million in assets and expenses often in the hundreds of thousands.
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 Madrona Foundation's IRS 990 filings:
- Significant and frequent deficits where expenses exceed revenue (e.g., 2023: $609,305 expenses vs. $149,484 revenue).
- Highly volatile revenue streams, making financial planning and sustainability challenging.
- Unusually consistent 0% officer compensation for an organization with over $10 million in assets, which could indicate reliance on volunteer leadership or alternative compensation structures not transparently reported.
Strengths
The following positive indicators were identified for Madrona Foundation:
- Substantial asset base ($10,914,389 latest) providing financial stability.
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Long filing history (10 filings) demonstrating sustained operation and compliance.
Frequently Asked Questions about Madrona Foundation
Is Madrona Foundation a legitimate charity?
Madrona Foundation (EIN: 200780447) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $203K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Madrona Foundation spend its money?
Madrona Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Madrona Foundation tax-deductible?
Madrona Foundation is registered as a tax-exempt nonprofit (EIN: 200780447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Madrona Foundation CEO make?
Madrona Foundation's highest-compensated officer earns $10 annually. The organization reported $203K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Madrona Foundation's spending goes to programs?
Madrona Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Madrona Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Madrona Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Madrona Foundation located?
Madrona Foundation is headquartered in Seattle, Washington and files with the IRS under EIN 200780447. It is classified under NTEE code T22.
How many years of IRS 990 filings does Madrona Foundation have?
Madrona Foundation has 10 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 $203K in total revenue.
How does Madrona Foundation sustain its operations when expenses frequently exceed revenue, such as in 2023 where expenses were $609,305 against $149,484 in revenue?
The organization likely relies on its substantial asset base ($10,914,389 latest) and investment income to cover operational deficits, as indicated by periods where expenses significantly outpace revenue.
What is the nature of the 'officer compensation' reported as 0% across all filings, given the organization's size and activity?
The consistent 0% officer compensation suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported as 'officer compensation' on the 990, which warrants further inquiry into the organization's operational model.
What caused the significant revenue spike in 2020 to $1,634,008 and the subsequent decline?
The 990 data alone does not specify the cause, but such a large fluctuation could be due to a major one-time grant, a large donation, or a specific fundraising campaign that was not sustained in subsequent years.
Filing History
IRS 990 filing history for Madrona Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Madrona Foundation's revenue has declined by 14.8%, moving from $175K to $149K. Total assets increased by 46% over the same period, from $6.4M to $9.4M. Total functional expenses rose by 98.1%, from $308K to $609K. In its most recent filing year (2023), Madrona Foundation reported a deficit of $460K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $609K | $9.4M | $1 | — | View 990 |
| 2022 | $180K | $154K | $8.6M | $1 | — | View 990 |
| 2021 | $490K | $144K | $10.2M | $1 | — | — |
| 2020 | $1.6M | $1.7M | $8.9M | $18K | — | — |
| 2019 | $488K | $504K | $9.0M | $353 | — | View 990 |
| 2015 | $221K | $446K | $6.5M | $2K | — | View 990 |
| 2014 | $817K | $417K | $6.7M | $8K | — | View 990 |
| 2013 | $361K | $402K | $6.3M | $3K | — | View 990 |
| 2012 | $300K | $397K | $6.3M | $1K | — | View 990 |
| 2011 | $175K | $308K | $6.4M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $609K, and assets of $9.4M (revenue -16.9% year-over-year).
- 2022: Revenue of $180K, expenses of $154K, and assets of $8.6M (revenue -63.3% year-over-year).
- 2021: Revenue of $490K, expenses of $144K, and assets of $10.2M (revenue -70.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $8.9M (revenue +234.8% year-over-year).
- 2019: Revenue of $488K, expenses of $504K, and assets of $9.0M (revenue +120.9% year-over-year).
- 2015: Revenue of $221K, expenses of $446K, and assets of $6.5M (revenue -73.0% year-over-year).
- 2014: Revenue of $817K, expenses of $417K, and assets of $6.7M (revenue +126.3% year-over-year).
- 2013: Revenue of $361K, expenses of $402K, and assets of $6.3M (revenue +20.3% year-over-year).
- 2012: Revenue of $300K, expenses of $397K, and assets of $6.3M (revenue +71.2% year-over-year).
- 2011: Revenue of $175K, expenses of $308K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madrona Foundation:
Data Sources and Methodology
This transparency report for Madrona Foundation 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.