Olympia Community Solar
EIN: 832686367 · Olympia, WA · NTEE: C35
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $440K |
| Net Assets | $588K |
Is Olympia Community Solar Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olympia Community Solar
Olympia Community Solar (EIN: 832686367) is a nonprofit organization based in Olympia, WA, classified under NTEE code C35. The organization reported total revenue of $260K and total assets of $962K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olympia Community Solar's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olympia Community Solar is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 183.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $440K |
| Surplus / Deficit | +$315K |
| Total Assets | $674K |
| Total Liabilities | $86K |
| Net Assets | $588K |
| Operating Margin | 41.7% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 18.4 months |
Financial Health Grade: A
In 2023, Olympia Community Solar reported a surplus of $315K with revenue exceeding expenses, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 4 years of filings (2021–2023), Olympia Community Solar's revenue has grown at a compound annual growth rate (CAGR) of 183.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +288.2% | +73.6% | +142.4% |
| 2022 | -64.1% | +8.5% | -17.9% |
| 2022 | +474.4% | +148.2% | +1069.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1278 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olympia Community Solar 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 Olympia Community Solar 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 $315K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.8%.
Frequently Asked Questions about Olympia Community Solar
Is Olympia Community Solar a legitimate charity?
Based on AI analysis of IRS 990 filings, Olympia Community Solar (EIN: 832686367) insufficient data. 0 red flags identified, 0 strengths noted.
How does Olympia Community Solar spend its money?
Detailed spending breakdown data is not yet available for Olympia Community Solar. Check back for updated IRS 990 analysis.
Are donations to Olympia Community Solar tax-deductible?
Olympia Community Solar is registered as a tax-exempt nonprofit (EIN: 832686367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olympia Community Solar located?
Olympia Community Solar is headquartered in Olympia, Washington and files with the IRS under EIN 832686367. It is classified under NTEE code C35.
How many years of IRS 990 filings does Olympia Community Solar have?
Olympia Community Solar has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $260K in total revenue.
Filing History
IRS 990 filing history for Olympia Community Solar showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2021–2023), Olympia Community Solar's revenue has grown by 701.4%, moving from $94K to $755K. Total assets increased by 2229.3% over the same period, from $29K to $674K. Total functional expenses rose by 367.3%, from $94K to $440K. In its most recent filing year (2023), Olympia Community Solar reported a surplus of $315K, with revenue exceeding expenses. The organization holds $86K in liabilities against $674K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $588K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $755K | $440K | $674K | $86K | — | View 990 |
| 2022 | $195K | $254K | $278K | $682 | — | — |
| 2022 | $541K | $234K | $339K | $2K | — | View 990 |
| 2021 | $94K | $94K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $755K, expenses of $440K, and assets of $674K (revenue +288.2% year-over-year).
- 2022: Revenue of $195K, expenses of $254K, and assets of $278K (revenue -64.1% year-over-year).
- 2022: Revenue of $541K, expenses of $234K, and assets of $339K (revenue +474.4% year-over-year).
- 2021: Revenue of $94K, expenses of $94K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olympia Community Solar:
Data Sources and Methodology
This transparency report for Olympia Community Solar 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.