Puget Sound Access
EIN: 311791062 · Renton, WA · NTEE: A32
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $286K |
| Net Assets | $-332 |
Is Puget Sound Access Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Puget Sound Access
Puget Sound Access (EIN: 311791062) is a nonprofit organization based in Renton, WA, classified under NTEE code A32. The organization reported total revenue of $301K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puget Sound Access's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Puget Sound Access is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $286K |
| Surplus / Deficit | $-15,204 |
| Total Assets | $15K |
| Total Liabilities | $16K |
| Net Assets | $-332 |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 102.2% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2023, Puget Sound Access reported a deficit of $15K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 102.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Puget Sound Access's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | +7.3% | -53.4% |
| 2022 | +59.9% | +60.3% | -85.5% |
| 2021 | +154.2% | +60.3% | -4.8% |
| 2020 | -69.8% | -51.4% | +1.3% |
| 2019 | -29.4% | +2.2% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Puget Sound Access 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 Puget Sound Access 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.2%.
Frequently Asked Questions about Puget Sound Access
Is Puget Sound Access a legitimate charity?
Puget Sound Access (EIN: 311791062) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $301K. No red flags identified. Financial health grade: D.
How does Puget Sound Access spend its money?
Puget Sound Access reported $301K 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 Puget Sound Access tax-deductible?
Puget Sound Access is registered as a tax-exempt nonprofit (EIN: 311791062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Puget Sound Access located?
Puget Sound Access is headquartered in Renton, Washington and files with the IRS under EIN 311791062. It is classified under NTEE code A32.
How many years of IRS 990 filings does Puget Sound Access have?
Puget Sound Access 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 $301K in total revenue.
Filing History
IRS 990 filing history for Puget Sound Access showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Puget Sound Access's revenue has declined by 34%, moving from $410K to $271K. Total assets decreased by 93.3% over the same period, from $227K to $15K. Total functional expenses fell by 36.5%, from $450K to $286K. In its most recent filing year (2023), Puget Sound Access reported a deficit of $15K, with expenses exceeding revenue. The organization holds $16K in liabilities against $15K in assets (debt-to-asset ratio: 102.2%), resulting in net assets of $-332.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $286K | $15K | $16K | — | — |
| 2022 | $281K | $266K | $33K | $18K | — | View 990 |
| 2021 | $176K | $166K | $224K | $17K | — | View 990 |
| 2020 | $69K | $104K | $236K | $36K | — | — |
| 2019 | $229K | $213K | $232K | $363 | — | View 990 |
| 2018 | $325K | $209K | $221K | $4K | — | View 990 |
| 2017 | $328K | $363K | $166K | $122K | — | View 990 |
| 2016 | $240K | $332K | $160K | $8K | — | View 990 |
| 2015 | $392K | $540K | $272K | $9K | — | View 990 |
| 2014 | $258K | $454K | $415K | $3K | — | — |
| 2013 | $375K | $434K | $629K | $21K | — | — |
| 2012 | $862K | $417K | $681K | $14K | — | — |
| 2011 | $410K | $450K | $227K | $5K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $286K, and assets of $15K (revenue -3.8% year-over-year).
- 2022: Revenue of $281K, expenses of $266K, and assets of $33K (revenue +59.9% year-over-year).
- 2021: Revenue of $176K, expenses of $166K, and assets of $224K (revenue +154.2% year-over-year).
- 2020: Revenue of $69K, expenses of $104K, and assets of $236K (revenue -69.8% year-over-year).
- 2019: Revenue of $229K, expenses of $213K, and assets of $232K (revenue -29.4% year-over-year).
- 2018: Revenue of $325K, expenses of $209K, and assets of $221K (revenue -1.0% year-over-year).
- 2017: Revenue of $328K, expenses of $363K, and assets of $166K (revenue +36.4% year-over-year).
- 2016: Revenue of $240K, expenses of $332K, and assets of $160K (revenue -38.6% year-over-year).
- 2015: Revenue of $392K, expenses of $540K, and assets of $272K (revenue +51.7% year-over-year).
- 2014: Revenue of $258K, expenses of $454K, and assets of $415K (revenue -31.1% year-over-year).
- 2013: Revenue of $375K, expenses of $434K, and assets of $629K (revenue -56.5% year-over-year).
- 2012: Revenue of $862K, expenses of $417K, and assets of $681K (revenue +110.1% year-over-year).
- 2011: Revenue of $410K, expenses of $450K, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Puget Sound Access:
Data Sources and Methodology
This transparency report for Puget Sound Access 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.