Seattle Institute Of East Asian Medicine
EIN: 271791496 · Seattle, WA · NTEE: B28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Net Assets | $550K |
Is Seattle Institute Of East Asian Medicine Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seattle Institute Of East Asian Medicine
Seattle Institute Of East Asian Medicine (EIN: 271791496) is a nonprofit organization based in Seattle, WA, classified under NTEE code B28. The organization reported total revenue of $1.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Institute Of East Asian Medicine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Institute Of East Asian Medicine is a mid-size nonprofit that has been operating for 16 years, with 8 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-23,594 |
| Total Assets | $3.2M |
| Total Liabilities | $2.6M |
| Net Assets | $550K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 82.8% |
| Months of Reserves | 33.5 months |
Financial Health Grade: C
In 2023, Seattle Institute Of East Asian Medicine reported a deficit of $24K with expenses exceeding revenue, holds 33.5 months of operating reserves (strong position), has a debt-to-asset ratio of 82.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | +24.8% | +255.0% |
| 2022 | +35.8% | +21.4% | +24.2% |
| 2021 | +663.8% | +1351.4% | +21.4% |
| 2020 | -8.0% | -55.4% | +330.2% |
| 2019 | -0.3% | -8.9% | +511.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seattle Institute Of East Asian Medicine 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 Institute Of East Asian Medicine 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.8%.
Frequently Asked Questions about Seattle Institute Of East Asian Medicine
Is Seattle Institute Of East Asian Medicine a legitimate charity?
Seattle Institute Of East Asian Medicine (EIN: 271791496) is a registered tax-exempt nonprofit based in Washington. It has 8 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: C.
How does Seattle Institute Of East Asian Medicine spend its money?
Seattle Institute Of East Asian Medicine reported $1.4M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seattle Institute Of East Asian Medicine tax-deductible?
Seattle Institute Of East Asian Medicine is registered as a tax-exempt nonprofit (EIN: 271791496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seattle Institute Of East Asian Medicine located?
Seattle Institute Of East Asian Medicine is headquartered in Seattle, Washington and files with the IRS under EIN 271791496. It is classified under NTEE code B28.
How many years of IRS 990 filings does Seattle Institute Of East Asian Medicine have?
Seattle Institute Of East Asian Medicine has 8 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Seattle Institute Of East Asian Medicine showing financial trends over 8 years of public records:
Total assets increased by 102179% over the same period, from $3K to $3.2M. In its most recent filing year (2023), Seattle Institute Of East Asian Medicine reported a deficit of $24K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $3.2M in assets (debt-to-asset ratio: 82.8%), resulting in net assets of $550K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $3.2M | $2.6M | — | View 990 |
| 2022 | $1.2M | $915K | $898K | $306K | — | View 990 |
| 2021 | $850K | $754K | $723K | $348K | — | View 990 |
| 2020 | $111K | $52K | $596K | $524K | — | View 990 |
| 2019 | $121K | $116K | $138K | $126K | — | View 990 |
| 2018 | $121K | $128K | $23K | $15K | — | View 990 |
| 2017 | $90K | $79K | $17K | $3K | — | View 990 |
| 2015 | $0 | $0 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $3.2M (revenue -3.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $915K, and assets of $898K (revenue +35.8% year-over-year).
- 2021: Revenue of $850K, expenses of $754K, and assets of $723K (revenue +663.8% year-over-year).
- 2020: Revenue of $111K, expenses of $52K, and assets of $596K (revenue -8.0% year-over-year).
- 2019: Revenue of $121K, expenses of $116K, and assets of $138K (revenue -0.3% year-over-year).
- 2018: Revenue of $121K, expenses of $128K, and assets of $23K (revenue +34.9% year-over-year).
- 2017: Revenue of $90K, expenses of $79K, and assets of $17K.
- 2015: Revenue of $0, expenses of $0, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Institute Of East Asian Medicine:
Data Sources and Methodology
This transparency report for Seattle Institute Of East Asian Medicine 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.