Sweet Pea Cottage Enterprises
Sweet Pea Cottage Enterprises maintains high revenue and zero officer compensation amidst declining assets.
EIN: 200773528 · Seattle, WA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| Net Assets | $-21,880 |
| Transparency Score | 70/100 |
Is Sweet Pea Cottage Enterprises Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sweet Pea Cottage Enterprises directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sweet Pea Cottage Enterprises
Sweet Pea Cottage Enterprises (EIN: 200773528) is a nonprofit organization based in Seattle, WA, classified under NTEE code B21. The organization reported total revenue of $1.8M and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sweet Pea Cottage Enterprises's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sweet Pea Cottage Enterprises is a mid-size nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$90K |
| Total Assets | $38K |
| Total Liabilities | $60K |
| Net Assets | $-21,880 |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 157.7% |
| Months of Reserves | 0.3 months |
Financial Health Grade: B
In 2018, Sweet Pea Cottage Enterprises reported a surplus of $90K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 157.7% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Sweet Pea Cottage Enterprises's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -1.3% | -3.5% | -72.2% |
| 2017 | +13.5% | -0.6% | -11.0% |
| 2016 | +3.5% | +16.1% | -10.9% |
| 2015 | +5.4% | +5.9% | +5.2% |
| 2014 | +16.1% | +10.7% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Sweet Pea Cottage Enterprises with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Sweet Pea Cottage Enterprises allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 157.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for minimizing administrative overhead.
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.
Red Flags
The following concerns were identified during AI analysis of Sweet Pea Cottage Enterprises's IRS 990 filings:
- Significant decline in total assets from $262,264 in 2011 to $37,893 in 2018, indicating potential financial instability.
- Liabilities have exceeded assets in multiple periods (e.g., 2017 and 2016), suggesting a potentially precarious financial position.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data prevents a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Sweet Pea Cottage Enterprises:
- Consistent revenue generation, with latest revenue at $1,783,103.
- Zero officer compensation reported across all filings, indicating a commitment to minimizing top-level administrative costs.
- Consistent filing of IRS Form 990s, demonstrating basic financial transparency.
Frequently Asked Questions about Sweet Pea Cottage Enterprises
Is Sweet Pea Cottage Enterprises a legitimate charity?
Sweet Pea Cottage Enterprises (EIN: 200773528) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 70/100. It has 8 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sweet Pea Cottage Enterprises spend its money?
Sweet Pea Cottage Enterprises directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Sweet Pea Cottage Enterprises tax-deductible?
Sweet Pea Cottage Enterprises is registered as a tax-exempt nonprofit (EIN: 200773528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sweet Pea Cottage Enterprises's spending goes to programs?
Sweet Pea Cottage Enterprises directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sweet Pea Cottage Enterprises compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sweet Pea Cottage Enterprises is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sweet Pea Cottage Enterprises located?
Sweet Pea Cottage Enterprises is headquartered in Seattle, Washington and files with the IRS under EIN 200773528. It is classified under NTEE code B21.
How many years of IRS 990 filings does Sweet Pea Cottage Enterprises have?
Sweet Pea Cottage Enterprises has 8 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 $1.8M in total revenue.
Why have the organization's assets declined significantly from $262,264 in 2011 to $37,893 in 2018?
The provided data does not specify the reasons for the asset decline, but it is a notable trend that could indicate operational challenges, strategic shifts, or asset utilization for program expenses.
How does Sweet Pea Cottage Enterprises manage its liabilities, which have sometimes exceeded its assets?
In periods like 2017 and 2016, liabilities ($150,534 and $223,981 respectively) exceeded assets ($136,262 and $153,101 respectively), suggesting potential reliance on short-term financing or deferred payments. Further investigation into the nature of these liabilities would be necessary.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how the total expenses (e.g., $1,662,202 in 2018) are allocated among programs, administration, and fundraising. This information is crucial for a complete assessment of spending efficiency.
Filing History
IRS 990 filing history for Sweet Pea Cottage Enterprises showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Sweet Pea Cottage Enterprises's revenue has grown by 81.3%, moving from $967K to $1.8M. Total assets decreased by 85.6% over the same period, from $262K to $38K. Total functional expenses rose by 74.6%, from $952K to $1.7M. In its most recent filing year (2018), Sweet Pea Cottage Enterprises reported a surplus of $90K, with revenue exceeding expenses. The organization holds $60K in liabilities against $38K in assets (debt-to-asset ratio: 157.7%), resulting in net assets of $-21,880.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $1.8M | $1.7M | $38K | $60K | — | View 990 |
| 2017 | $1.8M | $1.7M | $136K | $151K | — | View 990 |
| 2016 | $1.6M | $1.7M | $153K | $224K | — | View 990 |
| 2015 | $1.5M | $1.5M | $172K | $74K | — | View 990 |
| 2014 | $1.4M | $1.4M | $163K | $83K | — | View 990 |
| 2013 | $1.2M | $1.3M | $187K | $130K | — | View 990 |
| 2012 | $1.1M | $1.2M | $211K | $116K | — | View 990 |
| 2011 | $967K | $952K | $262K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $38K (revenue -1.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $136K (revenue +13.5% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $153K (revenue +3.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $172K (revenue +5.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $163K (revenue +16.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $187K (revenue +10.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $211K (revenue +15.9% year-over-year).
- 2011: Revenue of $967K, expenses of $952K, and assets of $262K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sweet Pea Cottage Enterprises:
Data Sources and Methodology
This transparency report for Sweet Pea Cottage Enterprises 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.