Reef Plaza Del Lago Inc
Reef Plaza Del Lago Inc consistently generates significant surpluses with no reported officer compensation.
EIN: 203677549 · Seattle, WA · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $37.6M |
| Transparency Score | 85/100 |
Is Reef Plaza Del Lago Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reef Plaza Del Lago Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reef Plaza Del Lago Inc
Reef Plaza Del Lago Inc (EIN: 203677549) is a nonprofit organization based in Seattle, WA, classified under NTEE code S47. The organization reported total revenue of $3.4M and total assets of $36.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reef Plaza Del Lago Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reef Plaza Del Lago Inc is a mid-size nonprofit that has been operating for 19 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 | $3.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $38.0M |
| Total Liabilities | $354K |
| Net Assets | $37.6M |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 247.8 months |
Financial Health Grade: A
In 2023, Reef Plaza Del Lago Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 247.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reef Plaza Del Lago Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +1.2% | -0.3% |
| 2022 | +6.2% | +5.0% | -0.6% |
| 2021 | +18.1% | -4.8% | +0.3% |
| 2020 | -13.3% | +7.4% | -1.7% |
| 2019 | +9.1% | +3.2% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Plaza Del Lago Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Reef Plaza Del Lago Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Reef Plaza Del Lago Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $3 million in annual revenue and $36 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is structured in a way not reported as 'officer compensation' on the 990, warranting further inquiry.
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 Reef Plaza Del Lago Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure executive compensation details if paid through other means or entities.
Strengths
The following positive indicators were identified for Reef Plaza Del Lago Inc:
- Consistent financial surpluses, with revenue significantly exceeding expenses (e.g., $3,480,136 revenue vs. $1,838,018 expenses in 2023).
- Strong asset base, consistently above $36 million, indicating financial stability.
- Low liabilities relative to assets, suggesting a healthy balance sheet (e.g., $353,557 liabilities vs. $37,951,268 assets in 2023).
- Efficient spending, with expenses consistently well below revenue.
Frequently Asked Questions about Reef Plaza Del Lago Inc
Is Reef Plaza Del Lago Inc a legitimate charity?
Reef Plaza Del Lago Inc (EIN: 203677549) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Reef Plaza Del Lago Inc spend its money?
Reef Plaza Del Lago Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Reef Plaza Del Lago Inc tax-deductible?
Reef Plaza Del Lago Inc is registered as a tax-exempt nonprofit (EIN: 203677549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reef Plaza Del Lago Inc CEO make?
Reef Plaza Del Lago Inc's highest-compensated officer earns $3 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reef Plaza Del Lago Inc's spending goes to programs?
Reef Plaza Del Lago Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reef Plaza Del Lago Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Reef Plaza Del Lago 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 Plaza Del Lago Inc located?
Reef Plaza Del Lago Inc is headquartered in Seattle, Washington and files with the IRS under EIN 203677549. It is classified under NTEE code S47.
How many years of IRS 990 filings does Reef Plaza Del Lago Inc have?
Reef Plaza Del Lago 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 $3.4M in total revenue.
Is Reef Plaza Del Lago Inc a good charity?
Based on its consistent financial surpluses, strong asset base, and apparent operational efficiency (expenses significantly lower than revenue), Reef Plaza Del Lago Inc appears to be a financially sound organization. The lack of reported officer compensation is a notable point for further investigation into its leadership structure and compensation practices.
How does Reef Plaza Del Lago Inc manage its expenses?
Reef Plaza Del Lago Inc consistently manages its expenses well below its revenue. For instance, in 2023, expenses were $1,838,018 against revenues of $3,480,136, indicating that the organization spends approximately 53% of its income. This suggests efficient resource allocation.
What is the trend in Reef Plaza Del Lago Inc's assets?
Reef Plaza Del Lago Inc's assets have shown a slight downward trend from a peak of $40,097,811 in 2016 to $37,951,268 in 2023, though they remain substantial and indicate a strong financial foundation.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could indicate that the organization is entirely volunteer-run at the executive level, or that compensation for top leadership is categorized differently on the 990, or paid by a related entity. This would require reviewing the full 990 forms for more detailed compensation schedules and related party transactions.
Filing History
IRS 990 filing history for Reef Plaza Del Lago Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reef Plaza Del Lago Inc's revenue has grown by 40.1%, moving from $2.5M to $3.5M. Total assets decreased by 5.3% over the same period, from $40.1M to $38.0M. Total functional expenses fell by 32.2%, from $2.7M to $1.8M. In its most recent filing year (2023), Reef Plaza Del Lago Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $354K in liabilities against $38.0M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $37.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $1.8M | $38.0M | $354K | — | — |
| 2022 | $3.4M | $1.8M | $38.1M | $414K | — | View 990 |
| 2021 | $3.2M | $1.7M | $38.3M | $333K | — | View 990 |
| 2020 | $2.7M | $1.8M | $38.2M | $332K | — | View 990 |
| 2019 | $3.1M | $1.7M | $38.9M | $318K | — | View 990 |
| 2018 | $2.8M | $1.6M | $39.5M | $965K | — | View 990 |
| 2017 | $2.8M | $1.6M | $40.0M | $439K | — | View 990 |
| 2016 | $2.7M | $1.7M | $40.1M | $310K | — | View 990 |
| 2015 | $2.6M | $1.6M | $39.2M | $258K | — | View 990 |
| 2014 | $2.5M | $2.3M | $39.5M | $361K | — | View 990 |
| 2013 | $2.6M | $2.8M | $40.0M | $20.0M | — | View 990 |
| 2012 | $2.8M | $2.8M | $39.7M | $20.4M | — | View 990 |
| 2011 | $2.5M | $2.7M | $40.1M | $20.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $1.8M, and assets of $38.0M (revenue +3.1% year-over-year).
- 2022: Revenue of $3.4M, expenses of $1.8M, and assets of $38.1M (revenue +6.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.7M, and assets of $38.3M (revenue +18.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $1.8M, and assets of $38.2M (revenue -13.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $1.7M, and assets of $38.9M (revenue +9.1% year-over-year).
- 2018: Revenue of $2.8M, expenses of $1.6M, and assets of $39.5M (revenue +0.5% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.6M, and assets of $40.0M (revenue +4.0% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.7M, and assets of $40.1M (revenue +3.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.6M, and assets of $39.2M (revenue +5.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.3M, and assets of $39.5M (revenue -5.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.8M, and assets of $40.0M (revenue -3.9% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $39.7M (revenue +10.8% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.7M, and assets of $40.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reef Plaza Del Lago Inc:
Data Sources and Methodology
This transparency report for Reef Plaza Del Lago 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.