Nikkei Heritage Association Of Washington
Nikkei Heritage Association shows revenue growth and consistent assets with no reported officer compensation.
EIN: 200062363 · Seattle, WA · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $914K |
| Total Expenses | $796K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $809,774. |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Nikkei Heritage Association Of Washington Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nikkei Heritage Association Of Washington directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nikkei Heritage Association Of Washington
Nikkei Heritage Association Of Washington (EIN: 200062363) is a nonprofit organization based in Seattle, WA, classified under NTEE code A23. The organization reported total revenue of $914K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nikkei Heritage Association Of Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nikkei Heritage Association Of Washington is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $810K |
| Total Expenses | $796K |
| Surplus / Deficit | +$14K |
| Total Assets | $2.2M |
| Total Liabilities | $461K |
| Net Assets | $1.7M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 32.9 months |
Financial Health Grade: A
In 2023, Nikkei Heritage Association Of Washington reported a surplus of $14K with revenue exceeding expenses, holds 32.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nikkei Heritage Association Of Washington's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.3% | +12.8% | +2.7% |
| 2022 | -13.8% | +22.3% | -7.3% |
| 2021 | +76.0% | +11.4% | +3.3% |
| 2020 | -2.2% | +7.9% | +3.8% |
| 2019 | +26.9% | +20.5% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Nikkei Heritage Association Of Washington with a Mission Score of 85 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, Nikkei Heritage Association Of Washington 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, including the latest period (202312) with revenues of $809,774. This suggests either an entirely volunteer-led executive team or that compensation is structured in a way not reported as officer compensation on the 990, which is highly unusual for an organization of this size and activity level.
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 Nikkei Heritage Association Of Washington's IRS 990 filings:
- Consistent 0% officer compensation reported across all filings, which, while positive for resource allocation, can sometimes obscure how leadership is truly compensated or sustained for an organization of this size.
- Significant increase in liabilities from $49,073 in 201812 to $461,135 in 202312, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Nikkei Heritage Association Of Washington:
- Strong revenue growth from $203,974 in 201412 to $809,774 in 202312, indicating increasing support and capacity.
- Consistent asset base around $2 million, demonstrating financial stability.
- No reported officer compensation across all filings, suggesting a high dedication of resources to the mission.
- Positive net income in the latest filing period (202312) with revenue exceeding expenses ($809,774 vs $796,020).
Frequently Asked Questions about Nikkei Heritage Association Of Washington
Is Nikkei Heritage Association Of Washington a legitimate charity?
Nikkei Heritage Association Of Washington (EIN: 200062363) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $914K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Nikkei Heritage Association Of Washington spend its money?
Nikkei Heritage Association Of Washington directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nikkei Heritage Association Of Washington tax-deductible?
Nikkei Heritage Association Of Washington is registered as a tax-exempt nonprofit (EIN: 200062363). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nikkei Heritage Association Of Washington CEO make?
Nikkei Heritage Association Of Washington's highest-compensated officer earns $809,774. annually. The organization reported $914K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nikkei Heritage Association Of Washington's spending goes to programs?
Nikkei Heritage Association Of Washington directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nikkei Heritage Association Of Washington compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nikkei Heritage Association Of Washington is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nikkei Heritage Association Of Washington located?
Nikkei Heritage Association Of Washington is headquartered in Seattle, Washington and files with the IRS under EIN 200062363. It is classified under NTEE code A23.
How many years of IRS 990 filings does Nikkei Heritage Association Of Washington have?
Nikkei Heritage Association Of Washington 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 $914K in total revenue.
Is Nikkei Heritage Association Of Washington a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating strong financial stability with consistent assets around $2 million and a notable increase in revenue in recent years. The consistent reporting of 0% officer compensation is a significant positive indicator of resource allocation towards its mission.
How has the organization's revenue trended over the past decade?
The organization's revenue has shown a strong upward trend, increasing from $203,974 in 201412 to $809,774 in 202312, indicating significant growth in its financial capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 13 filings, suggesting that executive leadership roles are either entirely volunteer-based or compensated through non-officer channels, which is a highly transparent practice if truly volunteer-driven.
Are the organization's liabilities a concern?
Liabilities have increased significantly from $49,073 in 201812 to $461,135 in 202312. While the organization's assets of $2,183,723 in 202312 still comfortably cover these liabilities, this upward trend warrants monitoring to understand the nature of these obligations.
Filing History
IRS 990 filing history for Nikkei Heritage Association Of Washington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nikkei Heritage Association Of Washington's revenue has grown by 40.3%, moving from $577K to $810K. Total assets increased by 15.1% over the same period, from $1.9M to $2.2M. Total functional expenses rose by 64.8%, from $483K to $796K. In its most recent filing year (2023), Nikkei Heritage Association Of Washington reported a surplus of $14K, with revenue exceeding expenses. The organization holds $461K in liabilities against $2.2M in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $810K | $796K | $2.2M | $461K | — | — |
| 2022 | $577K | $706K | $2.1M | $440K | — | View 990 |
| 2021 | $670K | $577K | $2.3M | $442K | — | View 990 |
| 2020 | $380K | $518K | $2.2M | $470K | — | View 990 |
| 2019 | $389K | $480K | $2.1M | $261K | — | View 990 |
| 2018 | $306K | $398K | $2.0M | $49K | — | View 990 |
| 2017 | $216K | $457K | $2.1M | $55K | — | View 990 |
| 2016 | $293K | $395K | $2.3M | $55K | — | View 990 |
| 2015 | $250K | $416K | $2.5M | $92K | — | View 990 |
| 2014 | $204K | $333K | $2.6M | $63K | — | View 990 |
| 2013 | $325K | $447K | $2.7M | $40K | — | View 990 |
| 2012 | $498K | $407K | $2.8M | $42K | — | View 990 |
| 2011 | $577K | $483K | $1.9M | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $810K, expenses of $796K, and assets of $2.2M (revenue +40.3% year-over-year).
- 2022: Revenue of $577K, expenses of $706K, and assets of $2.1M (revenue -13.8% year-over-year).
- 2021: Revenue of $670K, expenses of $577K, and assets of $2.3M (revenue +76.0% year-over-year).
- 2020: Revenue of $380K, expenses of $518K, and assets of $2.2M (revenue -2.2% year-over-year).
- 2019: Revenue of $389K, expenses of $480K, and assets of $2.1M (revenue +26.9% year-over-year).
- 2018: Revenue of $306K, expenses of $398K, and assets of $2.0M (revenue +42.1% year-over-year).
- 2017: Revenue of $216K, expenses of $457K, and assets of $2.1M (revenue -26.5% year-over-year).
- 2016: Revenue of $293K, expenses of $395K, and assets of $2.3M (revenue +17.1% year-over-year).
- 2015: Revenue of $250K, expenses of $416K, and assets of $2.5M (revenue +22.7% year-over-year).
- 2014: Revenue of $204K, expenses of $333K, and assets of $2.6M (revenue -37.2% year-over-year).
- 2013: Revenue of $325K, expenses of $447K, and assets of $2.7M (revenue -34.7% year-over-year).
- 2012: Revenue of $498K, expenses of $407K, and assets of $2.8M (revenue -13.8% year-over-year).
- 2011: Revenue of $577K, expenses of $483K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nikkei Heritage Association Of Washington:
Data Sources and Methodology
This transparency report for Nikkei Heritage Association Of Washington 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.