Philosophy Learning And Teaching Organization
EIN: 461064993 · Seattle, WA · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $980K |
| Total Expenses | $221K |
| Net Assets | $58K |
Is Philosophy Learning And Teaching Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philosophy Learning And Teaching Organization
Philosophy Learning And Teaching Organization (EIN: 461064993) is a nonprofit organization based in Seattle, WA, classified under NTEE code B99. The organization reported total revenue of $980K and total assets of $781K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philosophy Learning And Teaching Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philosophy Learning And Teaching Organization is a small nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -25.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $221K |
| Surplus / Deficit | +$2K |
| Total Assets | $66K |
| Total Liabilities | $8K |
| Net Assets | $58K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 12.1% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, Philosophy Learning And Teaching Organization reported a surplus of $2K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 12.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Philosophy Learning And Teaching Organization's revenue has declined at a compound annual growth rate (CAGR) of -25.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.5% | -13.8% | -39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Philosophy Learning And Teaching Organization 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 Philosophy Learning And Teaching Organization 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.1%.
Frequently Asked Questions about Philosophy Learning And Teaching Organization
Is Philosophy Learning And Teaching Organization a legitimate charity?
Philosophy Learning And Teaching Organization (EIN: 461064993) is a registered tax-exempt nonprofit based in Washington. It has 2 years of IRS 990 filings on record. Total revenue: $980K. No red flags identified. Financial health grade: A.
How does Philosophy Learning And Teaching Organization spend its money?
Philosophy Learning And Teaching Organization reported $980K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Philosophy Learning And Teaching Organization tax-deductible?
Philosophy Learning And Teaching Organization is registered as a tax-exempt nonprofit (EIN: 461064993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philosophy Learning And Teaching Organization located?
Philosophy Learning And Teaching Organization is headquartered in Seattle, Washington and files with the IRS under EIN 461064993. It is classified under NTEE code B99.
How many years of IRS 990 filings does Philosophy Learning And Teaching Organization have?
Philosophy Learning And Teaching Organization has 2 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 $980K in total revenue.
Filing History
IRS 990 filing history for Philosophy Learning And Teaching Organization showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Philosophy Learning And Teaching Organization's revenue has declined by 25.5%, moving from $300K to $223K. Total assets decreased by 39.2% over the same period, from $109K to $66K. Total functional expenses fell by 13.8%, from $257K to $221K. In its most recent filing year (2023), Philosophy Learning And Teaching Organization reported a surplus of $2K, with revenue exceeding expenses. The organization holds $8K in liabilities against $66K in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $221K | $66K | $8K | — | View 990 |
| 2022 | $300K | $257K | $109K | $52K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philosophy Learning And Teaching Organization:
Data Sources and Methodology
This transparency report for Philosophy Learning And Teaching Organization 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.