South Seattle Emerald
EIN: 473677408 · Seattle, WA · NTEE: A33
| Metric | Value |
|---|---|
| Total Revenue | $821K |
| Total Expenses | $798K |
| Net Assets | $493K |
Is South Seattle Emerald Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Seattle Emerald
South Seattle Emerald (EIN: 473677408) is a nonprofit organization based in Seattle, WA, classified under NTEE code A33. The organization reported total revenue of $821K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Seattle Emerald's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Seattle Emerald is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 64.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $890K |
| Total Expenses | $798K |
| Surplus / Deficit | +$92K |
| Total Assets | $494K |
| Total Liabilities | $1K |
| Net Assets | $493K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, South Seattle Emerald reported a surplus of $92K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), South Seattle Emerald's revenue has grown at a compound annual growth rate (CAGR) of 64.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +11.3% | +21.7% |
| 2022 | +4.1% | +10.7% | +60.8% |
| 2021 | +146.9% | +120.3% | +294.2% |
| 2020 | +320.9% | +339.5% | +247.8% |
| 2019 | +9.5% | -23.4% | +280.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Seattle Emerald 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 South Seattle Emerald 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 $92K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about South Seattle Emerald
Is South Seattle Emerald a legitimate charity?
Based on AI analysis of IRS 990 filings, South Seattle Emerald (EIN: 473677408) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Seattle Emerald spend its money?
Detailed spending breakdown data is not yet available for South Seattle Emerald. Check back for updated IRS 990 analysis.
Are donations to South Seattle Emerald tax-deductible?
South Seattle Emerald is registered as a tax-exempt nonprofit (EIN: 473677408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Seattle Emerald located?
South Seattle Emerald is headquartered in Seattle, Washington and files with the IRS under EIN 473677408. It is classified under NTEE code A33.
How many years of IRS 990 filings does South Seattle Emerald have?
South Seattle Emerald has 6 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 $821K in total revenue.
Filing History
IRS 990 filing history for South Seattle Emerald showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), South Seattle Emerald's revenue has grown by 1110.8%, moving from $74K to $890K. Total assets increased by 10099.4% over the same period, from $5K to $494K. Total functional expenses rose by 813.8%, from $87K to $798K. In its most recent filing year (2023), South Seattle Emerald reported a surplus of $92K, with revenue exceeding expenses. The organization holds $1K in liabilities against $494K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $493K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $890K | $798K | $494K | $1K | — | View 990 |
| 2022 | $870K | $717K | $406K | $113 | — | View 990 |
| 2021 | $836K | $648K | $253K | $0 | — | View 990 |
| 2020 | $339K | $294K | $64K | $0 | — | View 990 |
| 2019 | $80K | $67K | $18K | $0 | — | View 990 |
| 2018 | $74K | $87K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $890K, expenses of $798K, and assets of $494K (revenue +2.3% year-over-year).
- 2022: Revenue of $870K, expenses of $717K, and assets of $406K (revenue +4.1% year-over-year).
- 2021: Revenue of $836K, expenses of $648K, and assets of $253K (revenue +146.9% year-over-year).
- 2020: Revenue of $339K, expenses of $294K, and assets of $64K (revenue +320.9% year-over-year).
- 2019: Revenue of $80K, expenses of $67K, and assets of $18K (revenue +9.5% year-over-year).
- 2018: Revenue of $74K, expenses of $87K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Seattle Emerald:
Data Sources and Methodology
This transparency report for South Seattle Emerald 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.