The Layne
EIN: 371912581 · Seattle, WA · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $314K |
| Net Assets | $58K |
Is The Layne Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Layne
The Layne (EIN: 371912581) is a nonprofit organization based in Seattle, WA, classified under NTEE code X99. The organization reported total revenue of $335K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Layne's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Layne is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 31.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $343K |
| Total Expenses | $314K |
| Surplus / Deficit | +$29K |
| Total Assets | $58K |
| Net Assets | $58K |
| Operating Margin | 8.4% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2023, The Layne reported a surplus of $29K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), The Layne's revenue has grown at a compound annual growth rate (CAGR) of 31.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.6% | +72.3% | +97.6% |
| 2022 | -2.6% | -2.7% | +28.6% |
| 2021 | +51.9% | +54.4% | +41.1% |
| 2020 | +11.9% | +16.4% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Layne 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 The Layne 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about The Layne
Is The Layne a legitimate charity?
The Layne (EIN: 371912581) is a registered tax-exempt nonprofit based in Washington. It has 5 years of IRS 990 filings on record. Total revenue: $335K. No red flags identified. Financial health grade: A.
How does The Layne spend its money?
The Layne reported $335K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Layne tax-deductible?
The Layne is registered as a tax-exempt nonprofit (EIN: 371912581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Layne located?
The Layne is headquartered in Seattle, Washington and files with the IRS under EIN 371912581. It is classified under NTEE code X99.
How many years of IRS 990 filings does The Layne have?
The Layne 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. The most recent filing shows $335K in total revenue.
Filing History
IRS 990 filing history for The Layne showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), The Layne's revenue has grown by 200.6%, moving from $114K to $343K. Total assets increased by 491.4% over the same period, from $10K to $58K. Total functional expenses rose by 201.4%, from $104K to $314K. In its most recent filing year (2023), The Layne reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $343K | $314K | $58K | $0 | — | — |
| 2022 | $189K | $182K | $29K | $0 | — | View 990 |
| 2021 | $194K | $187K | $23K | $0 | — | View 990 |
| 2020 | $128K | $121K | $16K | $0 | — | View 990 |
| 2019 | $114K | $104K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $343K, expenses of $314K, and assets of $58K (revenue +81.6% year-over-year).
- 2022: Revenue of $189K, expenses of $182K, and assets of $29K (revenue -2.6% year-over-year).
- 2021: Revenue of $194K, expenses of $187K, and assets of $23K (revenue +51.9% year-over-year).
- 2020: Revenue of $128K, expenses of $121K, and assets of $16K (revenue +11.9% year-over-year).
- 2019: Revenue of $114K, expenses of $104K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Layne:
Data Sources and Methodology
This transparency report for The Layne 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.