Nick Of Time Foundation
Nick Of Time Foundation frequently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 204200756 · Mill Creek, WA · NTEE: M40 · Updated: 2026-03-28
Is Nick Of Time Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nick Of Time Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nick Of Time Foundation
Nick Of Time Foundation (EIN: 204200756) is a nonprofit organization based in Mill Creek, WA, classified under NTEE code M40. The organization reported total revenue of $167K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nick Of Time Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nick Of Time 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, Nick Of Time 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.
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 commendable for a nonprofit of its size.
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 Nick Of Time Foundation's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue in 8 of 10 reported years)
- Fluctuating and sometimes low asset levels, indicating limited financial reserves
- Recent decline in assets from $86,849 in 2022 to $72,943 in 2023
Strengths
The following positive indicators were identified for Nick Of Time Foundation:
- 100% volunteer leadership (0% officer compensation reported across all filings)
- Consistent filing history demonstrating transparency
- Long operational history (13 filings available)
Frequently Asked Questions about Nick Of Time Foundation
Is Nick Of Time Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nick Of Time Foundation (EIN: 204200756) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Nick Of Time Foundation spend its money?
Nick Of Time Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nick Of Time Foundation tax-deductible?
Nick Of Time Foundation is registered as a tax-exempt nonprofit (EIN: 204200756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nick Of Time Foundation financially sustainable given its frequent deficits?
The organization has reported expenses exceeding revenue in 8 out of the last 10 years, including the most recent 202312 period where expenses ($172,928) surpassed revenue ($159,022). This pattern raises concerns about long-term financial sustainability without consistent fundraising or endowment growth.
What is the trend in the organization's net assets?
Net assets have fluctuated significantly, from a high of $94,473 in 2016 to a low of $28,059 in 2019, and currently stand at $72,943 in 2023. The recent decrease from $86,849 in 2022 to $72,943 in 2023 reflects the operational deficit.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation indicates a highly dedicated, volunteer-led organization, which can significantly reduce administrative overhead and maximize funds directed towards programs. This is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Nick Of Time Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nick Of Time Foundation's revenue has grown by 17.5%, moving from $135K to $159K. Total assets increased by 98.5% over the same period, from $37K to $73K. Total functional expenses fell by 18%, from $211K to $173K. In its most recent filing year (2023), Nick Of Time Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1K in liabilities against $73K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $72K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $173K | $73K | $1K | — | — |
| 2022 | $152K | $135K | $87K | $1K | — | View 990 |
| 2021 | $103K | $121K | $69K | $1K | — | — |
| 2020 | $168K | $110K | $86K | $0 | — | View 990 |
| 2019 | $129K | $152K | $28K | $0 | — | View 990 |
| 2018 | $139K | $140K | $55K | $3K | — | View 990 |
| 2017 | $136K | $140K | $55K | $3K | — | View 990 |
| 2016 | $233K | $246K | $94K | $38K | — | View 990 |
| 2015 | $208K | $219K | $86K | $37K | — | View 990 |
| 2014 | $235K | $204K | $87K | $2K | — | View 990 |
| 2013 | $152K | $125K | $55K | $710 | — | View 990 |
| 2012 | $121K | $131K | $33K | $6K | — | View 990 |
| 2011 | $135K | $211K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $173K, and assets of $73K (revenue +4.4% year-over-year).
- 2022: Revenue of $152K, expenses of $135K, and assets of $87K (revenue +47.5% year-over-year).
- 2021: Revenue of $103K, expenses of $121K, and assets of $69K (revenue -38.5% year-over-year).
- 2020: Revenue of $168K, expenses of $110K, and assets of $86K (revenue +30.5% year-over-year).
- 2019: Revenue of $129K, expenses of $152K, and assets of $28K (revenue -7.4% year-over-year).
- 2018: Revenue of $139K, expenses of $140K, and assets of $55K (revenue +2.0% year-over-year).
- 2017: Revenue of $136K, expenses of $140K, and assets of $55K (revenue -41.5% year-over-year).
- 2016: Revenue of $233K, expenses of $246K, and assets of $94K (revenue +11.7% year-over-year).
- 2015: Revenue of $208K, expenses of $219K, and assets of $86K (revenue -11.4% year-over-year).
- 2014: Revenue of $235K, expenses of $204K, and assets of $87K (revenue +54.5% year-over-year).
- 2013: Revenue of $152K, expenses of $125K, and assets of $55K (revenue +25.7% year-over-year).
- 2012: Revenue of $121K, expenses of $131K, and assets of $33K (revenue -10.6% year-over-year).
- 2011: Revenue of $135K, expenses of $211K, and assets of $37K.
Data Sources and Methodology
This transparency report for Nick Of Time 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.