Seattle Out And Proud Inc
Seattle Out And Proud Inc shows strong revenue growth and no officer compensation, despite a recent operating deficit.
EIN: 203784927 · Seattle, WA · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $696K |
| Transparency Score | 85/100 |
Is Seattle Out And Proud Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seattle Out And Proud Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seattle Out And Proud Inc
Seattle Out And Proud Inc (EIN: 203784927) is a nonprofit organization based in Seattle, WA, classified under NTEE code A23. The organization reported total revenue of $220K and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Out And Proud Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Out And Proud Inc is a small nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-76,059 |
| Total Assets | $761K |
| Total Liabilities | $65K |
| Net Assets | $696K |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2023, Seattle Out And Proud Inc reported a deficit of $76K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Seattle Out And Proud Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.1% | +25.1% | -1.4% |
| 2022 | +45.0% | +20.2% | -4.7% |
| 2021 | +38.2% | +46.6% | -16.5% |
| 2020 | -52.9% | +2.1% | -7.3% |
| 2019 | +38.5% | +20.2% | +76.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Out And Proud 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, Seattle Out And Proud 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 deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with over $1 million in annual revenue.
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 Out And Proud Inc's IRS 990 filings:
- Operating deficit in the latest fiscal period (202308), with expenses exceeding revenue by $76,059.
Strengths
The following positive indicators were identified for Seattle Out And Proud Inc:
- Consistent 0% officer compensation across all 14 filings, indicating high efficiency and mission focus.
- Significant revenue growth from $267,305 in 201408 to $1,145,673 in 202308.
- Substantial asset growth from $25,272 in 201408 to $761,374 in 202308, demonstrating financial stability.
- Long history of consistent IRS 990 filings (14 filings), indicating strong transparency.
Frequently Asked Questions about Seattle Out And Proud Inc
Is Seattle Out And Proud Inc a legitimate charity?
Seattle Out And Proud Inc (EIN: 203784927) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $220K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Seattle Out And Proud Inc spend its money?
Seattle Out And Proud Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seattle Out And Proud Inc tax-deductible?
Seattle Out And Proud Inc is registered as a tax-exempt nonprofit (EIN: 203784927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seattle Out And Proud Inc CEO make?
Seattle Out And Proud Inc's highest-compensated officer earns $1 annually. The organization reported $220K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seattle Out And Proud Inc's spending goes to programs?
Seattle Out And Proud Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seattle Out And Proud Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Seattle Out And Proud Inc is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seattle Out And Proud Inc located?
Seattle Out And Proud Inc is headquartered in Seattle, Washington and files with the IRS under EIN 203784927. It is classified under NTEE code A23.
How many years of IRS 990 filings does Seattle Out And Proud Inc have?
Seattle Out And Proud Inc has 14 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 $220K in total revenue.
Is Seattle Out And Proud Inc a good charity?
Based on the available financial data, Seattle Out And Proud Inc appears to be a good charity. It demonstrates strong revenue growth, significant asset accumulation, and a commendable commitment to its mission by reporting 0% officer compensation across all filings. While there was a slight operating deficit in the latest period, the overall financial health and efficiency indicators are positive.
How has Seattle Out And Proud Inc's revenue changed over time?
Seattle Out And Proud Inc has experienced substantial revenue growth, increasing from $267,305 in 201408 to $1,145,673 in 202308, representing over a 300% increase in a decade.
What is the organization's asset trend?
The organization's assets have shown significant growth, from $25,272 in 201408 to $761,374 in 202308, indicating strong financial accumulation and stability.
Did the organization operate at a surplus or deficit in the latest year?
In the latest period (202308), Seattle Out And Proud Inc operated at a slight deficit, with expenses of $1,221,732 exceeding revenue of $1,145,673.
Filing History
IRS 990 filing history for Seattle Out And Proud Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Seattle Out And Proud Inc's revenue has grown by 435.7%, moving from $214K to $1.1M. Total assets increased by 2442.5% over the same period, from $30K to $761K. Total functional expenses rose by 479.8%, from $211K to $1.2M. In its most recent filing year (2023), Seattle Out And Proud Inc reported a deficit of $76K, with expenses exceeding revenue. The organization holds $65K in liabilities against $761K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $696K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $761K | $65K | — | — |
| 2022 | $939K | $977K | $772K | $0 | — | View 990 |
| 2021 | $647K | $813K | $810K | $0 | — | View 990 |
| 2020 | $469K | $554K | $970K | $0 | — | — |
| 2019 | $996K | $543K | $1.0M | $-8,973 | — | View 990 |
| 2018 | $719K | $452K | $594K | $-8,973 | — | View 990 |
| 2017 | $574K | $370K | $327K | $-8,973 | — | View 990 |
| 2016 | $447K | $337K | $124K | $-7,920 | — | View 990 |
| 2015 | $421K | $311K | $15K | $-5,330 | — | View 990 |
| 2014 | $267K | $240K | $25K | $115K | — | View 990 |
| 2013 | $186K | $167K | $38K | $155K | — | — |
| 2012 | $218K | $213K | $17K | $154K | — | — |
| 2011 | $222K | $259K | $12K | $154K | — | — |
| 2010 | $214K | $211K | $30K | $135K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $761K (revenue +22.1% year-over-year).
- 2022: Revenue of $939K, expenses of $977K, and assets of $772K (revenue +45.0% year-over-year).
- 2021: Revenue of $647K, expenses of $813K, and assets of $810K (revenue +38.2% year-over-year).
- 2020: Revenue of $469K, expenses of $554K, and assets of $970K (revenue -52.9% year-over-year).
- 2019: Revenue of $996K, expenses of $543K, and assets of $1.0M (revenue +38.5% year-over-year).
- 2018: Revenue of $719K, expenses of $452K, and assets of $594K (revenue +25.2% year-over-year).
- 2017: Revenue of $574K, expenses of $370K, and assets of $327K (revenue +28.5% year-over-year).
- 2016: Revenue of $447K, expenses of $337K, and assets of $124K (revenue +6.3% year-over-year).
- 2015: Revenue of $421K, expenses of $311K, and assets of $15K (revenue +57.4% year-over-year).
- 2014: Revenue of $267K, expenses of $240K, and assets of $25K (revenue +43.5% year-over-year).
- 2013: Revenue of $186K, expenses of $167K, and assets of $38K (revenue -14.8% year-over-year).
- 2012: Revenue of $218K, expenses of $213K, and assets of $17K (revenue -1.4% year-over-year).
- 2011: Revenue of $222K, expenses of $259K, and assets of $12K (revenue +3.6% year-over-year).
- 2010: Revenue of $214K, expenses of $211K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Out And Proud Inc:
Data Sources and Methodology
This transparency report for Seattle Out And Proud 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.