Reclaim
Reclaim faces significant financial deficit in latest year, with expenses more than double revenue.
EIN: 203469787 · Seattle, WA · NTEE: B40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $519K |
| Total Expenses | $520K |
| Program Spending | 70% |
| Net Assets | $168K |
| Transparency Score | 65/100 |
Is Reclaim Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reclaim directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Reclaim
Reclaim (EIN: 203469787) is a nonprofit organization based in Seattle, WA, classified under NTEE code B40. The organization reported total revenue of $519K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reclaim's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reclaim is a small nonprofit that has been operating for 15 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 | $213K |
| Total Expenses | $520K |
| Surplus / Deficit | $-306,977 |
| Total Assets | $232K |
| Total Liabilities | $63K |
| Net Assets | $168K |
| Operating Margin | -144.4% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2023, Reclaim reported a deficit of $307K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reclaim's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.2% | +52.6% | -52.1% |
| 2022 | +7.3% | +10.6% | -4.6% |
| 2021 | -36.1% | -22.5% | +4.4% |
| 2020 | +45.1% | +24.4% | +17.1% |
| 2019 | -28.6% | -23.6% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Reclaim with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Reclaim allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $307K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.3%.
Executive Compensation Analysis
Reclaim consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive indicator for donor confidence regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Reclaim's IRS 990 filings:
- Significant financial deficit in the most recent filing (202312), with expenses ($519,530) more than double revenue ($212,553).
- Substantial decrease in assets from $483,511 in 2022 to $231,574 in 2023.
- Significant increase in liabilities from $8,116 in 2022 to $63,156 in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Reclaim:
- Consistent history of revenue generation over multiple years prior to 2023.
- Zero reported officer compensation across all available filings, indicating strong transparency regarding executive pay.
- Maintained positive net assets for many years, demonstrating historical financial prudence.
Frequently Asked Questions about Reclaim
Is Reclaim a legitimate charity?
Reclaim (EIN: 203469787) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $519K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Reclaim spend its money?
Reclaim directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Reclaim tax-deductible?
Reclaim is registered as a tax-exempt nonprofit (EIN: 203469787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reclaim's spending goes to programs?
Reclaim directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Reclaim compare to similar nonprofits?
With a transparency score of 65/100 (Good), Reclaim is above average for NTEE category B40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reclaim located?
Reclaim is headquartered in Seattle, Washington and files with the IRS under EIN 203469787. It is classified under NTEE code B40.
How many years of IRS 990 filings does Reclaim have?
Reclaim 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 $519K in total revenue.
What caused the significant deficit in 2023?
The 2023 filing shows expenses of $519,530 against revenue of $212,553, resulting in a deficit of over $300,000. This is a critical financial event that would require further investigation into the specific expense categories and revenue sources for that year.
How does Reclaim plan to address the increase in liabilities?
Liabilities increased from $8,116 in 2022 to $63,156 in 2023. This substantial jump, coupled with declining assets, indicates a need for a clear strategy to manage and reduce these obligations to maintain financial stability.
What is the organization's strategy for asset recovery after the 2023 decline?
Assets decreased from $483,511 in 2022 to $231,574 in 2023. Understanding the cause of this decline and the plan to rebuild its asset base is crucial for long-term operational capacity.
What are the specific program activities funded by Reclaim?
While the NTEE code B40 suggests a focus on 'Housing, Shelter,' the provided financial data does not detail specific program activities or their associated costs, making it difficult to assess direct program impact.
Filing History
IRS 990 filing history for Reclaim showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reclaim's revenue has grown by 48.6%, moving from $143K to $213K. Total assets increased by 23157300% over the same period, from $1 to $232K. Total functional expenses rose by 281.7%, from $136K to $520K. In its most recent filing year (2023), Reclaim reported a deficit of $307K, with expenses exceeding revenue. The organization holds $63K in liabilities against $232K in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $520K | $232K | $63K | — | — |
| 2022 | $344K | $341K | $484K | $8K | — | View 990 |
| 2021 | $320K | $308K | $507K | $30K | — | View 990 |
| 2020 | $502K | $397K | $485K | $21K | — | View 990 |
| 2019 | $346K | $319K | $414K | $55K | — | View 990 |
| 2018 | $485K | $418K | $350K | $28K | — | View 990 |
| 2017 | $268K | $252K | $285K | $20K | — | View 990 |
| 2016 | $337K | $305K | $276K | $24K | — | View 990 |
| 2015 | $351K | $285K | $231K | $12K | — | View 990 |
| 2014 | $303K | $218K | $162K | $10K | — | View 990 |
| 2013 | $144K | $88K | $81K | $0 | — | View 990 |
| 2012 | $75K | $84K | $0 | $0 | — | View 990 |
| 2011 | $143K | $136K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $520K, and assets of $232K (revenue -38.2% year-over-year).
- 2022: Revenue of $344K, expenses of $341K, and assets of $484K (revenue +7.3% year-over-year).
- 2021: Revenue of $320K, expenses of $308K, and assets of $507K (revenue -36.1% year-over-year).
- 2020: Revenue of $502K, expenses of $397K, and assets of $485K (revenue +45.1% year-over-year).
- 2019: Revenue of $346K, expenses of $319K, and assets of $414K (revenue -28.6% year-over-year).
- 2018: Revenue of $485K, expenses of $418K, and assets of $350K (revenue +80.7% year-over-year).
- 2017: Revenue of $268K, expenses of $252K, and assets of $285K (revenue -20.4% year-over-year).
- 2016: Revenue of $337K, expenses of $305K, and assets of $276K (revenue -4.1% year-over-year).
- 2015: Revenue of $351K, expenses of $285K, and assets of $231K (revenue +15.9% year-over-year).
- 2014: Revenue of $303K, expenses of $218K, and assets of $162K (revenue +110.5% year-over-year).
- 2013: Revenue of $144K, expenses of $88K, and assets of $81K (revenue +92.1% year-over-year).
- 2012: Revenue of $75K, expenses of $84K, and assets of $0 (revenue -47.6% year-over-year).
- 2011: Revenue of $143K, expenses of $136K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reclaim:
Data Sources and Methodology
This transparency report for Reclaim 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.