Skagit Valley Early Learning Center
EIN: 843846800 · Burlington, WA · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $774K |
| Total Expenses | $569K |
| Net Assets | $634K |
Is Skagit Valley Early Learning Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skagit Valley Early Learning Center
Skagit Valley Early Learning Center (EIN: 843846800) is a nonprofit organization based in Burlington, WA, classified under NTEE code B24. The organization reported total revenue of $774K and total assets of $560K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skagit Valley Early Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skagit Valley Early Learning Center is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2019–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $744K |
| Total Expenses | $569K |
| Surplus / Deficit | +$175K |
| Total Assets | $642K |
| Total Liabilities | $8K |
| Net Assets | $634K |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, Skagit Valley Early Learning Center reported a surplus of $175K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | +0.3% | +0.1% |
| 2022 | -16.4% | +52.0% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skagit Valley Early Learning Center 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 Skagit Valley Early Learning Center 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 $175K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Skagit Valley Early Learning Center
Is Skagit Valley Early Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Skagit Valley Early Learning Center (EIN: 843846800) insufficient data. 0 red flags identified, 0 strengths noted.
How does Skagit Valley Early Learning Center spend its money?
Detailed spending breakdown data is not yet available for Skagit Valley Early Learning Center. Check back for updated IRS 990 analysis.
Are donations to Skagit Valley Early Learning Center tax-deductible?
Skagit Valley Early Learning Center is registered as a tax-exempt nonprofit (EIN: 843846800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skagit Valley Early Learning Center located?
Skagit Valley Early Learning Center is headquartered in Burlington, Washington and files with the IRS under EIN 843846800. It is classified under NTEE code B24.
How many years of IRS 990 filings does Skagit Valley Early Learning Center have?
Skagit Valley Early Learning Center has 4 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 $774K in total revenue.
Filing History
IRS 990 filing history for Skagit Valley Early Learning Center showing financial trends over 4 years of public records:
Total functional expenses rose by 54103.6%, from $1K to $569K. In its most recent filing year (2023), Skagit Valley Early Learning Center reported a surplus of $175K, with revenue exceeding expenses. The organization holds $8K in liabilities against $642K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $634K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $744K | $569K | $642K | $8K | — | — |
| 2022 | $649K | $568K | $641K | $12K | — | — |
| 2021 | $777K | $373K | $555K | $7K | — | — |
| 2019 | $0 | $1K | $0 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $744K, expenses of $569K, and assets of $642K (revenue +14.6% year-over-year).
- 2022: Revenue of $649K, expenses of $568K, and assets of $641K (revenue -16.4% year-over-year).
- 2021: Revenue of $777K, expenses of $373K, and assets of $555K.
- 2019: Revenue of $0, expenses of $1K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skagit Valley Early Learning Center:
Data Sources and Methodology
This transparency report for Skagit Valley Early Learning Center 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.