Soulumination
Soulumination maintains stable finances with growing assets and no reported officer compensation.
EIN: 202644809 · Seattle, WA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $261K |
| Program Spending | 90% |
| Net Assets | $411K |
| Transparency Score | 92/100 |
Is Soulumination Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soulumination directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soulumination
Soulumination (EIN: 202644809) is a nonprofit organization based in Seattle, WA, classified under NTEE code P80. The organization reported total revenue of $311K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soulumination's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soulumination is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $261K |
| Surplus / Deficit | +$13K |
| Total Assets | $414K |
| Total Liabilities | $3K |
| Net Assets | $411K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Soulumination reported a surplus of $13K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Soulumination's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.6% | +14.0% | +2.4% |
| 2022 | -30.0% | +3.4% | -6.2% |
| 2021 | +23.6% | +12.1% | +20.9% |
| 2020 | +15.6% | -3.9% | +13.6% |
| 2019 | -12.6% | +2.1% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Soulumination with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Soulumination allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Soulumination consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Soulumination:
- Consistent growth in assets, from $313,285 in 2019 to $413,539 in 2023.
- Extremely low liabilities, consistently under $10,000, indicating strong financial stability.
- 0% reported officer compensation across all 13 filings, demonstrating high spending efficiency and dedication to mission.
- Consistent positive net income in most recent years (e.g., $273,712 revenue vs. $260,713 expenses in 2023).
- Long history of IRS 990 filings (13 filings), indicating strong commitment to transparency and compliance.
Frequently Asked Questions about Soulumination
Is Soulumination a legitimate charity?
Soulumination (EIN: 202644809) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $311K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Soulumination spend its money?
Soulumination directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Soulumination tax-deductible?
Soulumination is registered as a tax-exempt nonprofit (EIN: 202644809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soulumination's spending goes to programs?
Soulumination directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soulumination compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Soulumination is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Soulumination located?
Soulumination is headquartered in Seattle, Washington and files with the IRS under EIN 202644809. It is classified under NTEE code P80.
How many years of IRS 990 filings does Soulumination have?
Soulumination 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 $311K in total revenue.
Is Soulumination financially stable?
Yes, Soulumination appears financially stable. Assets have consistently grown from $313,285 in 2019 to $413,539 in 2023, and liabilities remain very low (e.g., $2,929 in 2023), indicating a healthy balance sheet.
How efficient is Soulumination's spending?
Spending efficiency is very high, primarily evidenced by the consistent reporting of 0% officer compensation across all 13 filings, meaning virtually all funds are directed towards operations and programs.
Has Soulumination's revenue been consistent?
Revenue has been relatively consistent, fluctuating between approximately $200,000 and $300,000 in recent years, with a peak of $395,142 in 2017. The latest reported revenue was $273,712 in 2023.
Does Soulumination have significant debt?
No, Soulumination does not have significant debt. Liabilities have consistently been very low, for example, $2,929 in 2023 and $6,309 in 2022, indicating strong financial health.
Filing History
IRS 990 filing history for Soulumination showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Soulumination's revenue has grown by 90.1%, moving from $144K to $274K. Total assets increased by 253.1% over the same period, from $117K to $414K. Total functional expenses rose by 96.2%, from $133K to $261K. In its most recent filing year (2023), Soulumination reported a surplus of $13K, with revenue exceeding expenses. The organization holds $3K in liabilities against $414K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $411K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $261K | $414K | $3K | — | — |
| 2022 | $205K | $229K | $404K | $6K | — | View 990 |
| 2021 | $293K | $221K | $430K | $9K | — | View 990 |
| 2020 | $237K | $197K | $356K | $5K | — | View 990 |
| 2019 | $205K | $205K | $313K | $3K | — | View 990 |
| 2018 | $235K | $201K | $318K | $9K | — | View 990 |
| 2017 | $395K | $248K | $287K | $11K | — | View 990 |
| 2016 | $169K | $163K | $138K | $10K | — | View 990 |
| 2015 | $128K | $152K | $130K | $8K | — | View 990 |
| 2014 | $165K | $135K | $157K | $11K | — | View 990 |
| 2013 | $99K | $124K | $127K | $10K | — | View 990 |
| 2012 | $146K | $114K | $150K | $8K | — | View 990 |
| 2011 | $144K | $133K | $117K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $261K, and assets of $414K (revenue +33.6% year-over-year).
- 2022: Revenue of $205K, expenses of $229K, and assets of $404K (revenue -30.0% year-over-year).
- 2021: Revenue of $293K, expenses of $221K, and assets of $430K (revenue +23.6% year-over-year).
- 2020: Revenue of $237K, expenses of $197K, and assets of $356K (revenue +15.6% year-over-year).
- 2019: Revenue of $205K, expenses of $205K, and assets of $313K (revenue -12.6% year-over-year).
- 2018: Revenue of $235K, expenses of $201K, and assets of $318K (revenue -40.6% year-over-year).
- 2017: Revenue of $395K, expenses of $248K, and assets of $287K (revenue +133.2% year-over-year).
- 2016: Revenue of $169K, expenses of $163K, and assets of $138K (revenue +32.0% year-over-year).
- 2015: Revenue of $128K, expenses of $152K, and assets of $130K (revenue -22.2% year-over-year).
- 2014: Revenue of $165K, expenses of $135K, and assets of $157K (revenue +65.8% year-over-year).
- 2013: Revenue of $99K, expenses of $124K, and assets of $127K (revenue -31.8% year-over-year).
- 2012: Revenue of $146K, expenses of $114K, and assets of $150K (revenue +1.3% year-over-year).
- 2011: Revenue of $144K, expenses of $133K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soulumination:
Data Sources and Methodology
This transparency report for Soulumination 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.