Seattle Young Artists Music Festival Association
EIN: 237173786 · Seattle, WA · NTEE: A680
| Metric | Value |
|---|---|
| Total Revenue | $847K |
| Total Expenses | $97K |
| Net Assets | $485K |
Is Seattle Young Artists Music Festival Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seattle Young Artists Music Festival Association
Seattle Young Artists Music Festival Association (EIN: 237173786) is a nonprofit organization based in Seattle, WA, classified under NTEE code A680. The organization reported total revenue of $847K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seattle Young Artists Music Festival Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seattle Young Artists Music Festival Association is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $97K |
| Surplus / Deficit | +$61K |
| Total Assets | $485K |
| Net Assets | $485K |
| Operating Margin | 38.6% |
| Months of Reserves | 59.9 months |
Financial Health Grade: A
In 2023, Seattle Young Artists Music Festival Association reported a surplus of $61K with revenue exceeding expenses, holds 59.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Seattle Young Artists Music Festival Association's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +24.1% | +16.8% |
| 2022 | +65.3% | +242.5% | +10.7% |
| 2021 | -25.6% | +11.7% | +38.1% |
| 2020 | +97.3% | -75.6% | -4.0% |
| 2019 | -3.1% | +5.5% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seattle Young Artists Music Festival Association 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 Young Artists Music Festival Association 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 $61K, with revenue exceeding expenses.
Frequently Asked Questions about Seattle Young Artists Music Festival Association
Is Seattle Young Artists Music Festival Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Seattle Young Artists Music Festival Association (EIN: 237173786) insufficient data. 0 red flags identified, 0 strengths noted.
How does Seattle Young Artists Music Festival Association spend its money?
Detailed spending breakdown data is not yet available for Seattle Young Artists Music Festival Association. Check back for updated IRS 990 analysis.
Are donations to Seattle Young Artists Music Festival Association tax-deductible?
Seattle Young Artists Music Festival Association is registered as a tax-exempt nonprofit (EIN: 237173786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seattle Young Artists Music Festival Association located?
Seattle Young Artists Music Festival Association is headquartered in Seattle, Washington and files with the IRS under EIN 237173786. It is classified under NTEE code A680.
How many years of IRS 990 filings does Seattle Young Artists Music Festival Association have?
Seattle Young Artists Music Festival Association has 12 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 $847K in total revenue.
Filing History
IRS 990 filing history for Seattle Young Artists Music Festival Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seattle Young Artists Music Festival Association's revenue has grown by 191.5%, moving from $54K to $158K. Total assets increased by 96.2% over the same period, from $247K to $485K. Total functional expenses rose by 72.4%, from $56K to $97K. In its most recent filing year (2023), Seattle Young Artists Music Festival Association reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $158K | $97K | $485K | $0 | — | View 990 |
| 2022 | $156K | $78K | $415K | $0 | — | View 990 |
| 2021 | $94K | $23K | $375K | $0 | — | — |
| 2020 | $127K | $20K | $271K | $0 | — | View 990 |
| 2019 | $64K | $84K | $283K | $0 | — | View 990 |
| 2018 | $66K | $80K | $302K | $0 | — | View 990 |
| 2017 | $59K | $58K | $290K | $0 | — | View 990 |
| 2016 | $65K | $59K | $276K | $0 | — | View 990 |
| 2015 | $60K | $62K | $262K | $0 | — | View 990 |
| 2014 | $54K | $67K | $277K | $0 | — | View 990 |
| 2013 | $52K | $59K | $265K | $0 | — | View 990 |
| 2012 | $54K | $56K | $247K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $158K, expenses of $97K, and assets of $485K (revenue +1.4% year-over-year).
- 2022: Revenue of $156K, expenses of $78K, and assets of $415K (revenue +65.3% year-over-year).
- 2021: Revenue of $94K, expenses of $23K, and assets of $375K (revenue -25.6% year-over-year).
- 2020: Revenue of $127K, expenses of $20K, and assets of $271K (revenue +97.3% year-over-year).
- 2019: Revenue of $64K, expenses of $84K, and assets of $283K (revenue -3.1% year-over-year).
- 2018: Revenue of $66K, expenses of $80K, and assets of $302K (revenue +13.1% year-over-year).
- 2017: Revenue of $59K, expenses of $58K, and assets of $290K (revenue -9.6% year-over-year).
- 2016: Revenue of $65K, expenses of $59K, and assets of $276K (revenue +7.3% year-over-year).
- 2015: Revenue of $60K, expenses of $62K, and assets of $262K (revenue +12.7% year-over-year).
- 2014: Revenue of $54K, expenses of $67K, and assets of $277K (revenue +4.1% year-over-year).
- 2013: Revenue of $52K, expenses of $59K, and assets of $265K (revenue -5.0% year-over-year).
- 2012: Revenue of $54K, expenses of $56K, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seattle Young Artists Music Festival Association:
Data Sources and Methodology
This transparency report for Seattle Young Artists Music Festival Association 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.