The Furnessville Foundation
Furnessville Foundation reports zero revenue and assets after years of significant financial activity.
EIN: 203421585 · Seattle, WA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $555K |
| Program Spending | 80% |
| Net Assets | $9.8M |
| Transparency Score | 40/100 |
Is The Furnessville Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Furnessville Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Furnessville Foundation
The Furnessville Foundation (EIN: 203421585) is a nonprofit organization based in Seattle, WA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Furnessville Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Furnessville Foundation is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 181.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $555K |
| Surplus / Deficit | +$8.6M |
| Total Assets | $9.8M |
| Total Liabilities | $2K |
| Net Assets | $9.8M |
| Operating Margin | 93.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 211.1 months |
Financial Health Grade: A
In 2015, The Furnessville Foundation reported a surplus of $8.6M with revenue exceeding expenses, holds 211.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Furnessville Foundation's revenue has grown at a compound annual growth rate (CAGR) of 181.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +2051.7% | +98.0% | +125.3% |
| 2014 | +31.1% | -0.4% | +3.4% |
| 2013 | +207.8% | +37.1% | +1.0% |
| 2012 | -27.3% | -6.7% | -2.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Furnessville Foundation with a Mission Score of 40 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, The Furnessville Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, including periods with significant revenue and assets, suggesting either a fully volunteer-led organization or that compensation is not being disclosed.
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 The Furnessville Foundation's IRS 990 filings:
- Sudden and unexplained drop to $0 revenue and assets in the latest filing.
- Lack of detailed expense breakdown (program, admin, fundraising) in available data.
- No officer compensation reported despite significant revenue and assets in prior years, raising questions about transparency.
Strengths
The following positive indicators were identified for The Furnessville Foundation:
- Historically low liabilities in most years (e.g., $1 in 2013 and 2014).
Frequently Asked Questions about The Furnessville Foundation
Is The Furnessville Foundation a legitimate charity?
The Furnessville Foundation (EIN: 203421585) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 40/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does The Furnessville Foundation spend its money?
The Furnessville Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Furnessville Foundation tax-deductible?
The Furnessville Foundation is registered as a tax-exempt nonprofit (EIN: 203421585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Furnessville Foundation's spending goes to programs?
The Furnessville Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Furnessville Foundation located?
The Furnessville Foundation is headquartered in Seattle, Washington and files with the IRS under EIN 203421585.
How many years of IRS 990 filings does The Furnessville Foundation have?
The Furnessville Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why did The Furnessville Foundation report $0 in revenue and assets in its latest filing after years of significant financial activity?
The available IRS 990 data does not provide an explanation for the sudden drop to zero revenue and assets. This could indicate dissolution, a change in reporting status, or a significant restructuring.
What happened to the $9.7 million in assets reported in 2015?
The filings do not detail the disposition of the $9.7 million in assets reported in 2015, which subsequently dropped to $0 in the latest filing.
Is The Furnessville Foundation still operational?
Reporting $0 in revenue and assets strongly suggests the organization may no longer be operational or has undergone a significant change in its legal or financial status.
Filing History
IRS 990 filing history for The Furnessville Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Furnessville Foundation's revenue has grown by 6209.1%, moving from $145K to $9.1M. Total assets increased by 129.8% over the same period, from $4.2M to $9.8M. Total functional expenses rose by 152.1%, from $220K to $555K. In its most recent filing year (2015), The Furnessville Foundation reported a surplus of $8.6M, with revenue exceeding expenses. The organization holds $2K in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $9.1M | $555K | $9.8M | $2K | — | View 990 |
| 2014 | $424K | $280K | $4.3M | $1 | — | View 990 |
| 2013 | $324K | $281K | $4.2M | $1 | — | View 990 |
| 2012 | $105K | $205K | $4.1M | $0 | — | View 990 |
| 2011 | $145K | $220K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $9.1M, expenses of $555K, and assets of $9.8M (revenue +2051.7% year-over-year).
- 2014: Revenue of $424K, expenses of $280K, and assets of $4.3M (revenue +31.1% year-over-year).
- 2013: Revenue of $324K, expenses of $281K, and assets of $4.2M (revenue +207.8% year-over-year).
- 2012: Revenue of $105K, expenses of $205K, and assets of $4.1M (revenue -27.3% year-over-year).
- 2011: Revenue of $145K, expenses of $220K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Furnessville Foundation:
Data Sources and Methodology
This transparency report for The Furnessville Foundation 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.