Puget Sound Guitar Workshop
EIN: 910993001 · Bellingham, WA · NTEE: A250
| Metric | Value |
|---|---|
| Total Revenue | $753K |
| Total Expenses | $515K |
| Net Assets | $314K |
Is Puget Sound Guitar Workshop 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 Guitar Workshop
Puget Sound Guitar Workshop (EIN: 910993001) is a nonprofit organization based in Bellingham, WA, classified under NTEE code A250. The organization reported total revenue of $753K and total assets of $481K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Puget Sound Guitar Workshop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Puget Sound Guitar Workshop is a small nonprofit that has been operating for 46 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $578K |
| Total Expenses | $515K |
| Surplus / Deficit | +$62K |
| Total Assets | $326K |
| Total Liabilities | $12K |
| Net Assets | $314K |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Puget Sound Guitar Workshop reported a surplus of $62K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Puget Sound Guitar Workshop's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1267.3% | +1624.5% | +25.7% |
| 2021 | -61.0% | -83.4% | +5.5% |
| 2020 | -74.9% | -54.1% | -21.0% |
| 2019 | -0.9% | +1.6% | +13.9% |
| 2018 | +19.6% | +1.9% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Puget Sound Guitar Workshop 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 Guitar Workshop 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 $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Puget Sound Guitar Workshop
Is Puget Sound Guitar Workshop a legitimate charity?
Based on AI analysis of IRS 990 filings, Puget Sound Guitar Workshop (EIN: 910993001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Puget Sound Guitar Workshop spend its money?
Detailed spending breakdown data is not yet available for Puget Sound Guitar Workshop. Check back for updated IRS 990 analysis.
Are donations to Puget Sound Guitar Workshop tax-deductible?
Puget Sound Guitar Workshop is registered as a tax-exempt nonprofit (EIN: 910993001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Puget Sound Guitar Workshop located?
Puget Sound Guitar Workshop is headquartered in Bellingham, Washington and files with the IRS under EIN 910993001. It is classified under NTEE code A250.
How many years of IRS 990 filings does Puget Sound Guitar Workshop have?
Puget Sound Guitar Workshop has 11 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 $753K in total revenue.
Filing History
IRS 990 filing history for Puget Sound Guitar Workshop showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Puget Sound Guitar Workshop's revenue has grown by 77.8%, moving from $325K to $578K. Total assets increased by 74.5% over the same period, from $187K to $326K. Total functional expenses rose by 48.9%, from $346K to $515K. In its most recent filing year (2023), Puget Sound Guitar Workshop reported a surplus of $62K, with revenue exceeding expenses. The organization holds $12K in liabilities against $326K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $314K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $578K | $515K | $326K | $12K | — | — |
| 2021 | $42K | $30K | $259K | $8K | — | — |
| 2020 | $108K | $180K | $246K | $7K | — | View 990 |
| 2019 | $431K | $393K | $311K | $230 | — | View 990 |
| 2018 | $435K | $387K | $273K | $276 | — | View 990 |
| 2017 | $364K | $380K | $224K | $0 | — | View 990 |
| 2016 | $376K | $368K | $256K | $16K | — | View 990 |
| 2014 | $363K | $347K | $246K | $16K | — | View 990 |
| 2013 | $383K | $339K | $230K | $16K | — | View 990 |
| 2012 | $318K | $318K | $186K | $16K | — | View 990 |
| 2011 | $325K | $346K | $187K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $578K, expenses of $515K, and assets of $326K (revenue +1267.3% year-over-year).
- 2021: Revenue of $42K, expenses of $30K, and assets of $259K (revenue -61.0% year-over-year).
- 2020: Revenue of $108K, expenses of $180K, and assets of $246K (revenue -74.9% year-over-year).
- 2019: Revenue of $431K, expenses of $393K, and assets of $311K (revenue -0.9% year-over-year).
- 2018: Revenue of $435K, expenses of $387K, and assets of $273K (revenue +19.6% year-over-year).
- 2017: Revenue of $364K, expenses of $380K, and assets of $224K (revenue -3.2% year-over-year).
- 2016: Revenue of $376K, expenses of $368K, and assets of $256K (revenue +3.7% year-over-year).
- 2014: Revenue of $363K, expenses of $347K, and assets of $246K (revenue -5.2% year-over-year).
- 2013: Revenue of $383K, expenses of $339K, and assets of $230K (revenue +20.5% year-over-year).
- 2012: Revenue of $318K, expenses of $318K, and assets of $186K (revenue -2.3% year-over-year).
- 2011: Revenue of $325K, expenses of $346K, and assets of $187K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Puget Sound Guitar Workshop:
Data Sources and Methodology
This transparency report for Puget Sound Guitar Workshop 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.