Reef Imperial Rose Inc
Reef Imperial Rose Inc consistently maintains strong financial health with no reported executive compensation.
EIN: 205129040 · Seattle, WA · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $18.0M |
| Transparency Score | 95/100 |
Is Reef Imperial Rose Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reef Imperial Rose Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reef Imperial Rose Inc
Reef Imperial Rose Inc (EIN: 205129040) is a nonprofit organization based in Seattle, WA, classified under NTEE code S47. The organization reported total revenue of $2.5M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reef Imperial Rose Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reef Imperial Rose Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$993K |
| Total Assets | $18.3M |
| Total Liabilities | $299K |
| Net Assets | $18.0M |
| Operating Margin | 41.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 156.2 months |
Financial Health Grade: A
In 2023, Reef Imperial Rose Inc reported a surplus of $993K with revenue exceeding expenses, holds 156.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reef Imperial Rose Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +7.3% | -1.2% |
| 2022 | +1.0% | -0.2% | +0.5% |
| 2021 | +17.5% | +3.8% | +3.5% |
| 2020 | +2.2% | +5.3% | -0.9% |
| 2019 | -8.4% | +0.4% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Reef Imperial Rose Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Reef Imperial Rose Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $993K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Reef Imperial Rose Inc has consistently reported 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a highly unusual and positive indicator for a nonprofit of its size, with revenues exceeding $2 million annually, suggesting a strong commitment to directing all funds towards its mission.
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.
Strengths
The following positive indicators were identified for Reef Imperial Rose Inc:
- Consistent revenue growth and financial stability, with revenue consistently exceeding expenses.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Strong asset base ($18,411,693) relative to liabilities, demonstrating excellent solvency.
- Healthy operating margins, with expenses significantly lower than revenue (e.g., 2023 expenses were $1,408,468 against revenue of $2,401,219).
Frequently Asked Questions about Reef Imperial Rose Inc
Is Reef Imperial Rose Inc a legitimate charity?
Reef Imperial Rose Inc (EIN: 205129040) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Reef Imperial Rose Inc spend its money?
Reef Imperial Rose Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Reef Imperial Rose Inc tax-deductible?
Reef Imperial Rose Inc is registered as a tax-exempt nonprofit (EIN: 205129040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reef Imperial Rose Inc CEO make?
Reef Imperial Rose Inc's highest-compensated officer earns $2 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reef Imperial Rose Inc's spending goes to programs?
Reef Imperial Rose Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reef Imperial Rose Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Reef Imperial Rose Inc is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reef Imperial Rose Inc located?
Reef Imperial Rose Inc is headquartered in Seattle, Washington and files with the IRS under EIN 205129040. It is classified under NTEE code S47.
How many years of IRS 990 filings does Reef Imperial Rose Inc have?
Reef Imperial Rose Inc 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 $2.5M in total revenue.
Is Reef Imperial Rose Inc a good charity?
Based on its financial data, Reef Imperial Rose Inc appears to be a very good charity. It consistently generates more revenue than expenses, has a substantial asset base ($18,411,693), and most notably, reports 0% officer compensation across all filings, indicating a strong commitment to its mission.
How does Reef Imperial Rose Inc manage its finances?
The organization demonstrates excellent financial management. It consistently maintains a healthy surplus of revenue over expenses (e.g., $2,401,219 revenue vs. $1,408,468 expenses in 2023) and has accumulated significant assets while keeping liabilities low. The absence of executive compensation further highlights its fiscal prudence.
What is the trend in Reef Imperial Rose Inc's revenue and expenses?
Reef Imperial Rose Inc has shown a consistent upward trend in revenue over the past decade, from $1,742,556 in 2014 to $2,401,219 in 2023. Expenses have also increased but at a slower rate, ensuring a healthy operating margin. For example, in 2014, expenses were $1,009,608, rising to $1,408,468 in 2023, while revenue growth outpaced this.
Filing History
IRS 990 filing history for Reef Imperial Rose Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reef Imperial Rose Inc's revenue has grown by 40.6%, moving from $1.7M to $2.4M. Total assets decreased by 4.2% over the same period, from $19.1M to $18.3M. Total functional expenses rose by 50.8%, from $934K to $1.4M. In its most recent filing year (2023), Reef Imperial Rose Inc reported a surplus of $993K, with revenue exceeding expenses. The organization holds $299K in liabilities against $18.3M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $18.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.4M | $18.3M | $299K | — | — |
| 2022 | $2.3M | $1.3M | $18.6M | $423K | — | — |
| 2021 | $2.2M | $1.3M | $18.5M | $288K | — | View 990 |
| 2020 | $1.9M | $1.3M | $17.8M | $159K | — | View 990 |
| 2019 | $1.9M | $1.2M | $18.0M | $170K | — | View 990 |
| 2018 | $2.0M | $1.2M | $18.4M | $210K | — | View 990 |
| 2017 | $1.7M | $1.1M | $18.5M | $158K | — | View 990 |
| 2016 | $1.7M | $1.1M | $18.3M | $130K | — | View 990 |
| 2015 | $1.6M | $1.1M | $18.9M | $203K | — | View 990 |
| 2014 | $1.7M | $1.0M | $18.8M | $164K | — | View 990 |
| 2013 | $1.7M | $1.0M | $18.8M | $131K | — | View 990 |
| 2012 | $1.6M | $1.0M | $19.0M | $201K | — | View 990 |
| 2011 | $1.7M | $934K | $19.1M | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.4M, and assets of $18.3M (revenue +5.8% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.3M, and assets of $18.6M (revenue +1.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.3M, and assets of $18.5M (revenue +17.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.3M, and assets of $17.8M (revenue +2.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.2M, and assets of $18.0M (revenue -8.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.2M, and assets of $18.4M (revenue +20.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.1M, and assets of $18.5M (revenue -2.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.1M, and assets of $18.3M (revenue +6.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $18.9M (revenue -6.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.0M, and assets of $18.8M (revenue +2.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.0M, and assets of $18.8M (revenue +3.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.0M, and assets of $19.0M (revenue -3.4% year-over-year).
- 2011: Revenue of $1.7M, expenses of $934K, and assets of $19.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reef Imperial Rose Inc:
Data Sources and Methodology
This transparency report for Reef Imperial Rose Inc 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.