Sikh Centre Of Seattle
EIN: 262757552 · Bothell, WA · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $708K |
| Total Expenses | $408K |
| Net Assets | $2.3M |
Is Sikh Centre Of Seattle Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sikh Centre Of Seattle
Sikh Centre Of Seattle (EIN: 262757552) is a nonprofit organization based in Bothell, WA, classified under NTEE code X21. The organization reported total revenue of $708K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sikh Centre Of Seattle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sikh Centre Of Seattle is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $408K |
| Surplus / Deficit | +$93K |
| Total Assets | $3.5M |
| Total Liabilities | $1.2M |
| Net Assets | $2.3M |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 33.8% |
| Months of Reserves | 102.9 months |
Financial Health Grade: A
In 2023, Sikh Centre Of Seattle reported a surplus of $93K with revenue exceeding expenses, holds 102.9 months of operating reserves (strong position), has a debt-to-asset ratio of 33.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sikh Centre Of Seattle's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | -7.5% | +0.7% |
| 2022 | +11.0% | +20.2% | +1.4% |
| 2021 | -3.9% | -11.0% | +1.9% |
| 2020 | +16.6% | +11.6% | +1.6% |
| 2019 | +10.8% | +17.2% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sikh Centre Of Seattle 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 Sikh Centre Of Seattle 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 $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.8%.
Frequently Asked Questions about Sikh Centre Of Seattle
Is Sikh Centre Of Seattle a legitimate charity?
Based on AI analysis of IRS 990 filings, Sikh Centre Of Seattle (EIN: 262757552) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sikh Centre Of Seattle spend its money?
Detailed spending breakdown data is not yet available for Sikh Centre Of Seattle. Check back for updated IRS 990 analysis.
Are donations to Sikh Centre Of Seattle tax-deductible?
Sikh Centre Of Seattle is registered as a tax-exempt nonprofit (EIN: 262757552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sikh Centre Of Seattle located?
Sikh Centre Of Seattle is headquartered in Bothell, Washington and files with the IRS under EIN 262757552. It is classified under NTEE code X21.
How many years of IRS 990 filings does Sikh Centre Of Seattle have?
Sikh Centre Of Seattle has 13 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 $708K in total revenue.
Filing History
IRS 990 filing history for Sikh Centre Of Seattle showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sikh Centre Of Seattle's revenue has grown by 22.8%, moving from $408K to $501K. Total assets increased by 900.3% over the same period, from $350K to $3.5M. Total functional expenses rose by 87.8%, from $217K to $408K. In its most recent filing year (2023), Sikh Centre Of Seattle reported a surplus of $93K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.5M in assets (debt-to-asset ratio: 33.8%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $501K | $408K | $3.5M | $1.2M | — | View 990 |
| 2022 | $557K | $442K | $3.5M | $1.3M | — | View 990 |
| 2021 | $501K | $367K | $3.4M | $1.3M | — | View 990 |
| 2020 | $522K | $413K | $3.4M | $1.4M | — | View 990 |
| 2019 | $447K | $370K | $3.3M | $1.4M | — | View 990 |
| 2018 | $404K | $315K | $3.3M | $1.5M | — | View 990 |
| 2017 | $689K | $305K | $3.3M | $1.6M | — | View 990 |
| 2016 | $401K | $348K | $3.0M | $1.7M | — | View 990 |
| 2015 | $614K | $337K | $3.0M | $1.7M | — | View 990 |
| 2014 | $744K | $278K | $986K | $679 | — | View 990 |
| 2013 | $317K | $171K | $892K | $568 | — | View 990 |
| 2012 | $518K | $167K | $745K | $399 | — | View 990 |
| 2011 | $408K | $217K | $350K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $501K, expenses of $408K, and assets of $3.5M (revenue -10.0% year-over-year).
- 2022: Revenue of $557K, expenses of $442K, and assets of $3.5M (revenue +11.0% year-over-year).
- 2021: Revenue of $501K, expenses of $367K, and assets of $3.4M (revenue -3.9% year-over-year).
- 2020: Revenue of $522K, expenses of $413K, and assets of $3.4M (revenue +16.6% year-over-year).
- 2019: Revenue of $447K, expenses of $370K, and assets of $3.3M (revenue +10.8% year-over-year).
- 2018: Revenue of $404K, expenses of $315K, and assets of $3.3M (revenue -41.4% year-over-year).
- 2017: Revenue of $689K, expenses of $305K, and assets of $3.3M (revenue +71.7% year-over-year).
- 2016: Revenue of $401K, expenses of $348K, and assets of $3.0M (revenue -34.7% year-over-year).
- 2015: Revenue of $614K, expenses of $337K, and assets of $3.0M (revenue -17.5% year-over-year).
- 2014: Revenue of $744K, expenses of $278K, and assets of $986K (revenue +134.4% year-over-year).
- 2013: Revenue of $317K, expenses of $171K, and assets of $892K (revenue -38.7% year-over-year).
- 2012: Revenue of $518K, expenses of $167K, and assets of $745K (revenue +27.0% year-over-year).
- 2011: Revenue of $408K, expenses of $217K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sikh Centre Of Seattle:
Data Sources and Methodology
This transparency report for Sikh Centre Of Seattle 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.