Seattle Athenaeum
EIN: 472486862 · Seattle, WA · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $450K |
| Total Expenses | $253K |
| Net Assets | $106K |
Is Seattle Athenaeum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seattle Athenaeum
Seattle Athenaeum (EIN: 472486862) is a nonprofit organization based in Seattle, WA, classified under NTEE code B70. The organization reported total revenue of $450K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Athenaeum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Athenaeum is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $366K |
| Total Expenses | $253K |
| Surplus / Deficit | +$112K |
| Total Assets | $168K |
| Total Liabilities | $62K |
| Net Assets | $106K |
| Operating Margin | 30.7% |
| Debt-to-Asset Ratio | 36.7% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Seattle Athenaeum reported a surplus of $112K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.7% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Seattle Athenaeum's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.6% | -4.0% | +344.3% |
| 2022 | +22.7% | +16.0% | -2.4% |
| 2021 | -10.4% | +5.6% | -23.5% |
| 2020 | +2.2% | -5.8% | +23.6% |
| 2019 | +31.2% | +10.2% | -29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seattle Athenaeum 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 Seattle Athenaeum 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.7%.
Frequently Asked Questions about Seattle Athenaeum
Is Seattle Athenaeum a legitimate charity?
Based on AI analysis of IRS 990 filings, Seattle Athenaeum (EIN: 472486862) insufficient data. 0 red flags identified, 0 strengths noted.
How does Seattle Athenaeum spend its money?
Detailed spending breakdown data is not yet available for Seattle Athenaeum. Check back for updated IRS 990 analysis.
Are donations to Seattle Athenaeum tax-deductible?
Seattle Athenaeum is registered as a tax-exempt nonprofit (EIN: 472486862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seattle Athenaeum located?
Seattle Athenaeum is headquartered in Seattle, Washington and files with the IRS under EIN 472486862. It is classified under NTEE code B70.
How many years of IRS 990 filings does Seattle Athenaeum have?
Seattle Athenaeum has 9 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 $450K in total revenue.
Filing History
IRS 990 filing history for Seattle Athenaeum showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Seattle Athenaeum's revenue has grown by 113.2%, moving from $172K to $366K. Total assets increased by 100.8% over the same period, from $84K to $168K. Total functional expenses rose by 76.5%, from $144K to $253K. In its most recent filing year (2023), Seattle Athenaeum reported a surplus of $112K, with revenue exceeding expenses. The organization holds $62K in liabilities against $168K in assets (debt-to-asset ratio: 36.7%), resulting in net assets of $106K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $366K | $253K | $168K | $62K | — | — |
| 2022 | $249K | $264K | $38K | $44K | — | View 990 |
| 2021 | $203K | $228K | $39K | $35K | — | View 990 |
| 2020 | $227K | $216K | $51K | $23K | — | — |
| 2019 | $222K | $229K | $41K | $24K | — | View 990 |
| 2018 | $169K | $208K | $58K | $25K | — | View 990 |
| 2017 | $218K | $229K | $93K | $20K | — | View 990 |
| 2016 | $281K | $253K | $104K | $21K | — | View 990 |
| 2015 | $172K | $144K | $84K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $366K, expenses of $253K, and assets of $168K (revenue +46.6% year-over-year).
- 2022: Revenue of $249K, expenses of $264K, and assets of $38K (revenue +22.7% year-over-year).
- 2021: Revenue of $203K, expenses of $228K, and assets of $39K (revenue -10.4% year-over-year).
- 2020: Revenue of $227K, expenses of $216K, and assets of $51K (revenue +2.2% year-over-year).
- 2019: Revenue of $222K, expenses of $229K, and assets of $41K (revenue +31.2% year-over-year).
- 2018: Revenue of $169K, expenses of $208K, and assets of $58K (revenue -22.5% year-over-year).
- 2017: Revenue of $218K, expenses of $229K, and assets of $93K (revenue -22.2% year-over-year).
- 2016: Revenue of $281K, expenses of $253K, and assets of $104K (revenue +63.7% year-over-year).
- 2015: Revenue of $172K, expenses of $144K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Athenaeum:
Data Sources and Methodology
This transparency report for Seattle Athenaeum 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.