Madrona Institute

Madrona Institute shows consistent revenue growth and zero officer compensation, building assets steadily.

EIN: 203363030 · Friday Harbor, WA · NTEE: B99 · Updated: 2026-03-28

$258KRevenue

$25KAssets

90/100Mission Score (Excellent)

B99

About Madrona Institute

Madrona Institute (EIN: 203363030) is a nonprofit organization based in Friday Harbor, WA, classified under NTEE code B99. The organization reported total revenue of $258K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madrona Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Madrona Institute demonstrates a generally healthy financial trajectory, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($154,586 vs. $123,057), leading to a substantial increase in assets to $85,038. This indicates effective financial management and growth. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not detailed in the provided data, the consistent positive net income in recent years suggests a sustainable operational model. The organization's assets have shown significant growth, from $8,437 in 2014 to $85,038 in 2023, indicating prudent financial stewardship and capacity building.

The organization's spending efficiency appears sound, with expenses generally managed well within revenue, especially in the last few years. The absence of officer compensation is a notable strength in terms of efficiency and public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited. The consistent filing of IRS Form 990s over 11 periods demonstrates a commitment to regulatory compliance and financial transparency, allowing for public scrutiny of its financial activities. The growth in assets and revenue suggests increasing capacity to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Madrona Institute 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, Madrona Institute 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.

Executive Compensation Analysis

Madrona Institute consistently reports 0% officer compensation across all 11 available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with latest revenue of $257,984.

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.

Strengths

The following positive indicators were identified for Madrona Institute:

Consistent 0% officer compensation across all filings, indicating strong commitment to mission.
Significant growth in assets from $8,437 in 2014 to $85,038 in 2023, demonstrating financial stability and capacity.
Positive net income in recent years (e.g., $31,529 in 202312, $21,221 in 202112), showing effective expense management.
Regular and consistent IRS 990 filing history (11 filings), indicating strong transparency and compliance.
Revenue growth from $74,827 in 2014 to $154,586 in 2023, suggesting increasing support and operational scale.

Frequently Asked Questions about Madrona Institute

Is Madrona Institute a good charity?

Based on the provided financial data, Madrona Institute appears to be a good charity. It demonstrates strong financial health with growing revenues and assets, consistently manages expenses below revenue in recent years, and notably reports 0% officer compensation, indicating a strong commitment to its mission.

How has Madrona Institute's financial health changed over time?

Madrona Institute's financial health has significantly improved. While there were periods of expenses exceeding revenue (e.g., 2018, 2016), the organization has shown consistent revenue growth and positive net income in recent years, leading to a substantial increase in assets from $8,437 in 2014 to $85,038 in 2023.

What is the trend in Madrona Institute's assets?

Madrona Institute's assets have shown a strong upward trend, particularly in the last few years. Starting from $8,437 in 2014, assets grew to $34,147 in 2020 and then significantly jumped to $85,038 in the latest 202312 filing period, indicating effective asset accumulation and financial stability.

Filing History

IRS 990 filing history for Madrona Institute showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2013–2023), Madrona Institute's revenue has grown by 125.3%, moving from $69K to $155K. Total assets increased by 1279.8% over the same period, from $6K to $85K. Total functional expenses rose by 101.4%, from $61K to $123K. In its most recent filing year (2023), Madrona Institute reported a surplus of $32K, with revenue exceeding expenses. The organization holds $2K in liabilities against $85K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $83K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$155K	$123K	$85K	$2K	—	—
2022	$61K	$65K	$53K	$2K	—	View 990
2021	$68K	$47K	$56K	$683	—	View 990
2020	$55K	$35K	$34K	$0	—	—
2019	$56K	$42K	$18K	$4K	—	View 990
2018	$64K	$72K	$2K	$2K	—	View 990
2017	$87K	$86K	$7K	$0	—	View 990
2016	$133K	$136K	$7K	$829	—	View 990
2015	$76K	$76K	$9K	$0	—	View 990
2014	$75K	$73K	$8K	$0	—	View 990
2013	$69K	$61K	$6K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $155K, expenses of $123K, and assets of $85K (revenue +154.0% year-over-year).
2022: Revenue of $61K, expenses of $65K, and assets of $53K (revenue -10.4% year-over-year).
2021: Revenue of $68K, expenses of $47K, and assets of $56K (revenue +24.4% year-over-year).
2020: Revenue of $55K, expenses of $35K, and assets of $34K (revenue -2.9% year-over-year).
2019: Revenue of $56K, expenses of $42K, and assets of $18K (revenue -12.2% year-over-year).
2018: Revenue of $64K, expenses of $72K, and assets of $2K (revenue -26.2% year-over-year).
2017: Revenue of $87K, expenses of $86K, and assets of $7K (revenue -34.7% year-over-year).
2016: Revenue of $133K, expenses of $136K, and assets of $7K (revenue +75.0% year-over-year).
2015: Revenue of $76K, expenses of $76K, and assets of $9K (revenue +1.6% year-over-year).
2014: Revenue of $75K, expenses of $73K, and assets of $8K (revenue +9.1% year-over-year).
2013: Revenue of $69K, expenses of $61K, and assets of $6K.

Data Sources and Methodology

This transparency report for Madrona Institute 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.