Northwest Innovation Resource Center
EIN: 273156063 · Bellingham, WA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $377K |
| Net Assets | $140K |
Is Northwest Innovation Resource Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northwest Innovation Resource Center
Northwest Innovation Resource Center (EIN: 273156063) is a nonprofit organization based in Bellingham, WA, classified under NTEE code S30. The organization reported total revenue of $1.1M and total assets of $847K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Innovation Resource Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwest Innovation Resource Center is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $464K |
| Total Expenses | $377K |
| Surplus / Deficit | +$87K |
| Total Assets | $407K |
| Total Liabilities | $266K |
| Net Assets | $140K |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 65.5% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Northwest Innovation Resource Center reported a surplus of $87K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 65.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwest Innovation Resource Center's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | -10.2% | +29.1% |
| 2022 | +73.7% | +37.6% | +9.3% |
| 2021 | -29.1% | -27.5% | -24.8% |
| 2020 | +107.9% | +13.5% | +23.5% |
| 2019 | -60.0% | +107.0% | -29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Northwest Innovation Resource Center 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 Northwest Innovation Resource Center 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 surplus of $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.5%.
Frequently Asked Questions about Northwest Innovation Resource Center
Is Northwest Innovation Resource Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwest Innovation Resource Center (EIN: 273156063) insufficient data. 0 red flags identified, 0 strengths noted.
How does Northwest Innovation Resource Center spend its money?
Detailed spending breakdown data is not yet available for Northwest Innovation Resource Center. Check back for updated IRS 990 analysis.
Are donations to Northwest Innovation Resource Center tax-deductible?
Northwest Innovation Resource Center is registered as a tax-exempt nonprofit (EIN: 273156063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northwest Innovation Resource Center located?
Northwest Innovation Resource Center is headquartered in Bellingham, Washington and files with the IRS under EIN 273156063. It is classified under NTEE code S30.
How many years of IRS 990 filings does Northwest Innovation Resource Center have?
Northwest Innovation Resource Center 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Northwest Innovation Resource Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwest Innovation Resource Center's revenue has grown by 59.2%, moving from $291K to $464K. Total assets increased by 90.8% over the same period, from $213K to $407K. Total functional expenses rose by 174.3%, from $137K to $377K. In its most recent filing year (2023), Northwest Innovation Resource Center reported a surplus of $87K, with revenue exceeding expenses. The organization holds $266K in liabilities against $407K in assets (debt-to-asset ratio: 65.5%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $464K | $377K | $407K | $266K | — | View 990 |
| 2022 | $435K | $420K | $315K | $261K | — | — |
| 2021 | $251K | $305K | $288K | $250K | — | View 990 |
| 2020 | $353K | $421K | $383K | $290K | — | View 990 |
| 2019 | $170K | $371K | $310K | $150K | — | View 990 |
| 2018 | $425K | $179K | $438K | $77K | — | View 990 |
| 2017 | $134K | $116K | $174K | $59K | — | View 990 |
| 2016 | $102K | $100K | $101K | $4K | — | View 990 |
| 2015 | $133K | $128K | $99K | $6K | — | View 990 |
| 2014 | $62K | $116K | $92K | $4K | — | View 990 |
| 2013 | $46K | $122K | $145K | $3K | — | View 990 |
| 2012 | $169K | $154K | $237K | $19K | — | View 990 |
| 2011 | $291K | $137K | $213K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $464K, expenses of $377K, and assets of $407K (revenue +6.5% year-over-year).
- 2022: Revenue of $435K, expenses of $420K, and assets of $315K (revenue +73.7% year-over-year).
- 2021: Revenue of $251K, expenses of $305K, and assets of $288K (revenue -29.1% year-over-year).
- 2020: Revenue of $353K, expenses of $421K, and assets of $383K (revenue +107.9% year-over-year).
- 2019: Revenue of $170K, expenses of $371K, and assets of $310K (revenue -60.0% year-over-year).
- 2018: Revenue of $425K, expenses of $179K, and assets of $438K (revenue +216.7% year-over-year).
- 2017: Revenue of $134K, expenses of $116K, and assets of $174K (revenue +31.5% year-over-year).
- 2016: Revenue of $102K, expenses of $100K, and assets of $101K (revenue -23.2% year-over-year).
- 2015: Revenue of $133K, expenses of $128K, and assets of $99K (revenue +115.6% year-over-year).
- 2014: Revenue of $62K, expenses of $116K, and assets of $92K (revenue +34.2% year-over-year).
- 2013: Revenue of $46K, expenses of $122K, and assets of $145K (revenue -72.7% year-over-year).
- 2012: Revenue of $169K, expenses of $154K, and assets of $237K (revenue -42.2% year-over-year).
- 2011: Revenue of $291K, expenses of $137K, and assets of $213K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwest Innovation Resource Center:
Data Sources and Methodology
This transparency report for Northwest Innovation Resource Center 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.