Mukilteo Lighthouse Festival Association
Mukilteo Lighthouse Festival Association consistently operates with surpluses and growing assets, reporting no executive compensation.
EIN: 200947463 · Mukilteo, WA · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $232K |
| Total Expenses | $146K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $231,760. |
| Net Assets | $81K |
| Transparency Score | 92/100 |
Is Mukilteo Lighthouse Festival Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mukilteo Lighthouse Festival Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mukilteo Lighthouse Festival Association
Mukilteo Lighthouse Festival Association (EIN: 200947463) is a nonprofit organization based in Mukilteo, WA, classified under NTEE code N52. The organization reported total revenue of $232K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mukilteo Lighthouse Festival Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mukilteo Lighthouse Festival Association is a small nonprofit that has been operating for 1 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $146K |
| Surplus / Deficit | +$16K |
| Total Assets | $81K |
| Net Assets | $81K |
| Operating Margin | 10.1% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Mukilteo Lighthouse Festival Association reported a surplus of $16K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mukilteo Lighthouse Festival Association's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.5% | -25.3% | +25.5% |
| 2022 | +51.2% | +98.6% | +28.3% |
| 2021 | +1527.7% | +711.2% | +412.3% |
| 2020 | -95.8% | -94.0% | -40.2% |
| 2019 | -17.9% | -19.0% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2025 |
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 Mukilteo Lighthouse Festival Association with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mukilteo Lighthouse Festival Association allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $16K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $231,760.
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 Mukilteo Lighthouse Festival Association:
- Consistent financial surpluses in recent years (e.g., $16,388 surplus in 2023).
- Strong asset growth from $9,782 in 2020 to $80,703 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency.
- No reported liabilities in recent years (2023, 2022, 2021), showing strong financial management.
- Consistent filing of IRS 990s, demonstrating high transparency.
Frequently Asked Questions about Mukilteo Lighthouse Festival Association
Is Mukilteo Lighthouse Festival Association a legitimate charity?
Mukilteo Lighthouse Festival Association (EIN: 200947463) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $232K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Mukilteo Lighthouse Festival Association spend its money?
Mukilteo Lighthouse Festival Association directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mukilteo Lighthouse Festival Association tax-deductible?
Mukilteo Lighthouse Festival Association is registered as a tax-exempt nonprofit (EIN: 200947463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mukilteo Lighthouse Festival Association CEO make?
Mukilteo Lighthouse Festival Association's highest-compensated officer earns $231,760. annually. The organization reported $232K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mukilteo Lighthouse Festival Association's spending goes to programs?
Mukilteo Lighthouse Festival Association directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mukilteo Lighthouse Festival Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mukilteo Lighthouse Festival Association is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mukilteo Lighthouse Festival Association located?
Mukilteo Lighthouse Festival Association is headquartered in Mukilteo, Washington and files with the IRS under EIN 200947463. It is classified under NTEE code N52.
How many years of IRS 990 filings does Mukilteo Lighthouse Festival Association have?
Mukilteo Lighthouse Festival Association 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 $232K in total revenue.
Is Mukilteo Lighthouse Festival Association a good charity?
Based on its financial data, the Mukilteo Lighthouse Festival Association appears to be a very good charity. It consistently manages its finances well, often generating surpluses, has growing assets, and reports no executive compensation, indicating a high degree of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement and stability. After a dip in revenue and assets in 2020 ($8,537 revenue, $9,782 assets), it has rebounded strongly, with revenue reaching $162,796 and assets growing to $80,703 by 2023, demonstrating resilience and effective management.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none. All 13 available IRS 990 filings report 0% officer compensation, suggesting a volunteer-led executive team.
Filing History
IRS 990 filing history for Mukilteo Lighthouse Festival Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mukilteo Lighthouse Festival Association's revenue has grown by 73.9%, moving from $94K to $163K. Total assets increased by 163.5% over the same period, from $31K to $81K. Total functional expenses rose by 63.3%, from $90K to $146K. In its most recent filing year (2023), Mukilteo Lighthouse Festival Association reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $146K | $81K | $0 | — | View 990 |
| 2022 | $210K | $196K | $64K | $0 | — | View 990 |
| 2021 | $139K | $99K | $50K | $0 | — | View 990 |
| 2020 | $9K | $12K | $10K | $0 | — | — |
| 2019 | $204K | $202K | $16K | $6 | — | View 990 |
| 2018 | $249K | $250K | $15K | $105 | — | View 990 |
| 2017 | $207K | $236K | $16K | $29 | — | View 990 |
| 2016 | $188K | $207K | $45K | $0 | — | View 990 |
| 2015 | $144K | $155K | $62K | $0 | — | View 990 |
| 2014 | $121K | $96K | $73K | $750 | — | View 990 |
| 2013 | $126K | $101K | $48K | $0 | — | View 990 |
| 2012 | $84K | $91K | $23K | $0 | — | View 990 |
| 2011 | $94K | $90K | $31K | $55 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $146K, and assets of $81K (revenue -22.5% year-over-year).
- 2022: Revenue of $210K, expenses of $196K, and assets of $64K (revenue +51.2% year-over-year).
- 2021: Revenue of $139K, expenses of $99K, and assets of $50K (revenue +1527.7% year-over-year).
- 2020: Revenue of $9K, expenses of $12K, and assets of $10K (revenue -95.8% year-over-year).
- 2019: Revenue of $204K, expenses of $202K, and assets of $16K (revenue -17.9% year-over-year).
- 2018: Revenue of $249K, expenses of $250K, and assets of $15K (revenue +20.0% year-over-year).
- 2017: Revenue of $207K, expenses of $236K, and assets of $16K (revenue +10.1% year-over-year).
- 2016: Revenue of $188K, expenses of $207K, and assets of $45K (revenue +30.4% year-over-year).
- 2015: Revenue of $144K, expenses of $155K, and assets of $62K (revenue +19.2% year-over-year).
- 2014: Revenue of $121K, expenses of $96K, and assets of $73K (revenue -3.9% year-over-year).
- 2013: Revenue of $126K, expenses of $101K, and assets of $48K (revenue +50.0% year-over-year).
- 2012: Revenue of $84K, expenses of $91K, and assets of $23K (revenue -10.4% year-over-year).
- 2011: Revenue of $94K, expenses of $90K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mukilteo Lighthouse Festival Association:
Data Sources and Methodology
This transparency report for Mukilteo Lighthouse Festival Association 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.