Naatik Projects
EIN: 465665700 · Seattle, WA · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $236K |
| Net Assets | $86K |
Is Naatik Projects Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Naatik Projects
Naatik Projects (EIN: 465665700) is a nonprofit organization based in Seattle, WA, classified under NTEE code B90. The organization reported total revenue of $124K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naatik Projects's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naatik Projects is a small nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $236K |
| Surplus / Deficit | $-10,330 |
| Total Assets | $86K |
| Net Assets | $86K |
| Operating Margin | -4.6% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Naatik Projects reported a deficit of $10K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2019–2023), Naatik Projects's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.2% | +57.7% | -7.2% |
| 2022 | +86.8% | +79.9% | +31.9% |
| 2021 | +25.8% | +27.2% | +14.5% |
| 2020 | -42.2% | -42.0% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Naatik Projects has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Naatik Projects with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Naatik Projects
Is Naatik Projects a legitimate charity?
Naatik Projects (EIN: 465665700) is a registered tax-exempt nonprofit based in Washington. It has 5 years of IRS 990 filings on record. Total revenue: $124K. No red flags identified. Financial health grade: B.
How does Naatik Projects spend its money?
Naatik Projects reported $124K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Naatik Projects tax-deductible?
Naatik Projects is registered as a tax-exempt nonprofit (EIN: 465665700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Naatik Projects located?
Naatik Projects is headquartered in Seattle, Washington and files with the IRS under EIN 465665700. It is classified under NTEE code B90.
How many years of IRS 990 filings does Naatik Projects have?
Naatik Projects has 5 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 $124K in total revenue.
Filing History
IRS 990 filing history for Naatik Projects showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Naatik Projects's revenue has grown by 78.3%, moving from $127K to $226K. Total assets increased by 60.7% over the same period, from $53K to $86K. Total functional expenses rose by 109.5%, from $113K to $236K. In its most recent filing year (2023), Naatik Projects reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $226K | $236K | $86K | $0 | — | View 990 |
| 2022 | $172K | $150K | $92K | $0 | — | View 990 |
| 2021 | $92K | $83K | $70K | $0 | — | View 990 |
| 2020 | $73K | $65K | $61K | $0 | — | — |
| 2019 | $127K | $113K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $226K, expenses of $236K, and assets of $86K (revenue +31.2% year-over-year).
- 2022: Revenue of $172K, expenses of $150K, and assets of $92K (revenue +86.8% year-over-year).
- 2021: Revenue of $92K, expenses of $83K, and assets of $70K (revenue +25.8% year-over-year).
- 2020: Revenue of $73K, expenses of $65K, and assets of $61K (revenue -42.2% year-over-year).
- 2019: Revenue of $127K, expenses of $113K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naatik Projects:
Data Sources and Methodology
This transparency report for Naatik Projects 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.