Seattle Industry Foundation
Seattle Industry Foundation shows volatile revenue and asset trends, with no reported officer compensation.
EIN: 203812716 · Seattle, WA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $103K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $205,838. |
| Net Assets | $26K |
| Transparency Score | 70/100 |
Is Seattle Industry Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seattle Industry Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seattle Industry Foundation
Seattle Industry Foundation (EIN: 203812716) is a nonprofit organization based in Seattle, WA, classified under NTEE code B60. The organization reported total revenue of $206K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Industry Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Industry Foundation is a small nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $103K |
| Surplus / Deficit | +$11K |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | 9.6% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Seattle Industry Foundation reported a surplus of $11K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2012–2023), Seattle Industry Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +278.4% | +197.0% | +67.5% |
| 2022 | -93.1% | -93.6% | -20.7% |
| 2021 | -57.8% | -41.2% | -83.9% |
| 2020 | +1524.3% | +1563.2% | +756.5% |
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 Seattle Industry Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Seattle Industry Foundation 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 $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no compensation, which is highly efficient for an organization of its size with latest revenue of $205,838.
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 Seattle Industry Foundation's IRS 990 filings:
- Highly volatile revenue and asset base, making long-term planning and stability uncertain.
- Significant deficits reported in 202112 and 202212, indicating periods where expenses exceeded income.
Strengths
The following positive indicators were identified for Seattle Industry Foundation:
- Consistent reporting of 0% officer compensation, indicating highly efficient executive leadership.
- Generally low or no reported liabilities across most filing periods, suggesting sound debt management.
- Regular filing of IRS 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Seattle Industry Foundation
Is Seattle Industry Foundation a legitimate charity?
Seattle Industry Foundation (EIN: 203812716) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. Total revenue: $206K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Seattle Industry Foundation spend its money?
Seattle Industry Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seattle Industry Foundation tax-deductible?
Seattle Industry Foundation is registered as a tax-exempt nonprofit (EIN: 203812716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seattle Industry Foundation CEO make?
Seattle Industry Foundation's highest-compensated officer earns $205,838. annually. The organization reported $206K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seattle Industry Foundation's spending goes to programs?
Seattle Industry Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seattle Industry Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Seattle Industry Foundation is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seattle Industry Foundation located?
Seattle Industry Foundation is headquartered in Seattle, Washington and files with the IRS under EIN 203812716. It is classified under NTEE code B60.
How many years of IRS 990 filings does Seattle Industry Foundation have?
Seattle Industry Foundation has 5 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 $206K in total revenue.
What caused the significant revenue and asset fluctuations, particularly the drop from $1,031,802 revenue in 202012 to $30,000 in 202212?
The provided data does not specify the reasons for these dramatic shifts. It could be due to one-time grants, specific project funding cycles, or changes in fundraising capacity.
How does the Seattle Industry Foundation manage to operate with 0% officer compensation?
This suggests that the organization's leadership is likely composed of volunteers, or that any compensation falls below reporting thresholds or is covered by other entities, which is a strong indicator of dedication and efficient use of funds.
What are the specific program activities that the Seattle Industry Foundation funds with its revenue?
The NTEE code B60 indicates 'Community Improvement & Capacity Building', but the provided financial summary does not detail specific program expenditures.
Filing History
IRS 990 filing history for Seattle Industry Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2023), Seattle Industry Foundation's revenue has grown by 78.7%, moving from $64K to $114K. Total assets increased by 83.1% over the same period, from $14K to $26K. Total functional expenses rose by 87%, from $55K to $103K. In its most recent filing year (2023), Seattle Industry Foundation reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $103K | $26K | $0 | — | — |
| 2022 | $30K | $35K | $15K | $520 | — | View 990 |
| 2021 | $436K | $537K | $19K | $0 | — | View 990 |
| 2020 | $1.0M | $913K | $121K | $0 | — | — |
| 2012 | $64K | $55K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114K, expenses of $103K, and assets of $26K (revenue +278.4% year-over-year).
- 2022: Revenue of $30K, expenses of $35K, and assets of $15K (revenue -93.1% year-over-year).
- 2021: Revenue of $436K, expenses of $537K, and assets of $19K (revenue -57.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $913K, and assets of $121K (revenue +1524.3% year-over-year).
- 2012: Revenue of $64K, expenses of $55K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Industry Foundation:
Data Sources and Methodology
This transparency report for Seattle Industry Foundation 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.