Seattle Reconomy
EIN: 452776113 · Seattle, WA · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $384K |
| Total Expenses | $197K |
| Net Assets | $98K |
Is Seattle Reconomy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seattle Reconomy
Seattle Reconomy (EIN: 452776113) is a nonprofit organization based in Seattle, WA, classified under NTEE code C99. The organization reported total revenue of $384K and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Reconomy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Reconomy is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $197K |
| Surplus / Deficit | $-32,135 |
| Total Assets | $101K |
| Total Liabilities | $3K |
| Net Assets | $98K |
| Operating Margin | -19.5% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 6.1 months |
Financial Health Grade: B
In 2023, Seattle Reconomy reported a deficit of $32K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Seattle Reconomy's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +77.5% | -24.4% |
| 2022 | -10.3% | +38.8% | +7.9% |
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 Analysis Pending
AI enrichment for Seattle Reconomy 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 Reconomy 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 $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Frequently Asked Questions about Seattle Reconomy
Is Seattle Reconomy a legitimate charity?
Based on AI analysis of IRS 990 filings, Seattle Reconomy (EIN: 452776113) insufficient data. 0 red flags identified, 0 strengths noted.
How does Seattle Reconomy spend its money?
Detailed spending breakdown data is not yet available for Seattle Reconomy. Check back for updated IRS 990 analysis.
Are donations to Seattle Reconomy tax-deductible?
Seattle Reconomy is registered as a tax-exempt nonprofit (EIN: 452776113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seattle Reconomy located?
Seattle Reconomy is headquartered in Seattle, Washington and files with the IRS under EIN 452776113. It is classified under NTEE code C99.
How many years of IRS 990 filings does Seattle Reconomy have?
Seattle Reconomy has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $384K in total revenue.
Filing History
IRS 990 filing history for Seattle Reconomy showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Seattle Reconomy's revenue has grown by 20.6%, moving from $137K to $165K. Total assets decreased by 18.5% over the same period, from $124K to $101K. Total functional expenses rose by 146.2%, from $80K to $197K. In its most recent filing year (2023), Seattle Reconomy reported a deficit of $32K, with expenses exceeding revenue. The organization holds $3K in liabilities against $101K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $197K | $101K | $3K | — | View 990 |
| 2022 | $123K | $111K | $133K | $0 | — | View 990 |
| 2021 | $137K | $80K | $124K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $197K, and assets of $101K (revenue +34.5% year-over-year).
- 2022: Revenue of $123K, expenses of $111K, and assets of $133K (revenue -10.3% year-over-year).
- 2021: Revenue of $137K, expenses of $80K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Reconomy:
Data Sources and Methodology
This transparency report for Seattle Reconomy 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.