Olympia Education Association
EIN: 237332836 · Olympia, WA
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $225K |
| Net Assets | $146K |
Is Olympia Education Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olympia Education Association
Olympia Education Association (EIN: 237332836) is a nonprofit organization based in Olympia, WA. The organization reported total revenue of $241K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olympia Education Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olympia Education Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $225K |
| Surplus / Deficit | $-33,688 |
| Total Assets | $164K |
| Total Liabilities | $18K |
| Net Assets | $146K |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, Olympia Education Association reported a deficit of $34K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Olympia Education Association's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.2% | +7.7% | -14.7% |
| 2022 | +3.0% | +8.3% | +0.7% |
| 2021 | -2.0% | -2.4% | +5.3% |
| 2020 | +3.9% | -11.4% | -0.1% |
| 2019 | +6.0% | +11.1% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olympia Education Association 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 Education Association 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 $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Olympia Education Association
Is Olympia Education Association a legitimate charity?
Olympia Education Association (EIN: 237332836) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $241K. No red flags identified. Financial health grade: B.
How does Olympia Education Association spend its money?
Olympia Education Association reported $241K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Olympia Education Association tax-deductible?
Olympia Education Association is registered as a tax-exempt nonprofit (EIN: 237332836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olympia Education Association located?
Olympia Education Association is headquartered in Olympia, Washington and files with the IRS under EIN 237332836.
How many years of IRS 990 filings does Olympia Education Association have?
Olympia Education Association 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 $241K in total revenue.
Filing History
IRS 990 filing history for Olympia Education Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Olympia Education Association's revenue has grown by 30.5%, moving from $146K to $191K. Total assets decreased by 33% over the same period, from $245K to $164K. Total functional expenses rose by 69.3%, from $133K to $225K. In its most recent filing year (2023), Olympia Education Association reported a deficit of $34K, with expenses exceeding revenue. The organization holds $18K in liabilities against $164K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $225K | $164K | $18K | — | — |
| 2022 | $208K | $209K | $192K | $13K | — | View 990 |
| 2021 | $202K | $193K | $191K | $11K | — | View 990 |
| 2020 | $206K | $198K | $181K | $941 | — | — |
| 2019 | $199K | $223K | $181K | $20K | — | View 990 |
| 2018 | $187K | $201K | $195K | $9K | — | View 990 |
| 2017 | $175K | $180K | $206K | $7K | — | View 990 |
| 2016 | $166K | $168K | $210K | $6K | — | View 990 |
| 2015 | $154K | $158K | $212K | $6K | — | View 990 |
| 2014 | $150K | $145K | $215K | $4K | — | View 990 |
| 2013 | $141K | $146K | $214K | $8K | — | View 990 |
| 2012 | $139K | $171K | $218K | $7K | — | View 990 |
| 2011 | $146K | $133K | $245K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $225K, and assets of $164K (revenue -8.2% year-over-year).
- 2022: Revenue of $208K, expenses of $209K, and assets of $192K (revenue +3.0% year-over-year).
- 2021: Revenue of $202K, expenses of $193K, and assets of $191K (revenue -2.0% year-over-year).
- 2020: Revenue of $206K, expenses of $198K, and assets of $181K (revenue +3.9% year-over-year).
- 2019: Revenue of $199K, expenses of $223K, and assets of $181K (revenue +6.0% year-over-year).
- 2018: Revenue of $187K, expenses of $201K, and assets of $195K (revenue +7.2% year-over-year).
- 2017: Revenue of $175K, expenses of $180K, and assets of $206K (revenue +5.0% year-over-year).
- 2016: Revenue of $166K, expenses of $168K, and assets of $210K (revenue +7.8% year-over-year).
- 2015: Revenue of $154K, expenses of $158K, and assets of $212K (revenue +3.2% year-over-year).
- 2014: Revenue of $150K, expenses of $145K, and assets of $215K (revenue +6.3% year-over-year).
- 2013: Revenue of $141K, expenses of $146K, and assets of $214K (revenue +1.2% year-over-year).
- 2012: Revenue of $139K, expenses of $171K, and assets of $218K (revenue -5.1% year-over-year).
- 2011: Revenue of $146K, expenses of $133K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olympia Education Association:
Data Sources and Methodology
This transparency report for Olympia Education Association 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.