The Mustard Seed Project Of Key Peninsula
EIN: 611537566 · Vaughn, WA · NTEE: P81
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Net Assets | $7.3M |
Is The Mustard Seed Project Of Key Peninsula Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Mustard Seed Project Of Key Peninsula
The Mustard Seed Project Of Key Peninsula (EIN: 611537566) is a nonprofit organization based in Vaughn, WA, classified under NTEE code P81. The organization reported total revenue of $2.5M and total assets of $14.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mustard Seed Project Of Key Peninsula's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mustard Seed Project Of Key Peninsula is a mid-size nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $650K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-921,337 |
| Total Assets | $15.9M |
| Total Liabilities | $8.6M |
| Net Assets | $7.3M |
| Operating Margin | -141.7% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 121.5 months |
Financial Health Grade: C
In 2023, The Mustard Seed Project Of Key Peninsula reported a deficit of $921K with expenses exceeding revenue, holds 121.5 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Mustard Seed Project Of Key Peninsula's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.4% | +190.3% | +31.5% |
| 2022 | +536.2% | -5.4% | +366.9% |
| 2021 | +51.2% | +28.2% | +10.5% |
| 2020 | -1.2% | +16.5% | +7.8% |
| 2019 | -8.5% | -12.8% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Mustard Seed Project Of Key Peninsula 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 Mustard Seed Project Of Key Peninsula 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 deficit of $921K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.3%.
Frequently Asked Questions about The Mustard Seed Project Of Key Peninsula
Is The Mustard Seed Project Of Key Peninsula a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mustard Seed Project Of Key Peninsula (EIN: 611537566) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Mustard Seed Project Of Key Peninsula spend its money?
Detailed spending breakdown data is not yet available for The Mustard Seed Project Of Key Peninsula. Check back for updated IRS 990 analysis.
Are donations to The Mustard Seed Project Of Key Peninsula tax-deductible?
The Mustard Seed Project Of Key Peninsula is registered as a tax-exempt nonprofit (EIN: 611537566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Mustard Seed Project Of Key Peninsula located?
The Mustard Seed Project Of Key Peninsula is headquartered in Vaughn, Washington and files with the IRS under EIN 611537566. It is classified under NTEE code P81.
How many years of IRS 990 filings does The Mustard Seed Project Of Key Peninsula have?
The Mustard Seed Project Of Key Peninsula has 12 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for The Mustard Seed Project Of Key Peninsula showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Mustard Seed Project Of Key Peninsula's revenue has grown by 234.8%, moving from $194K to $650K. Total assets increased by 15729.6% over the same period, from $101K to $15.9M. Total functional expenses rose by 984.9%, from $145K to $1.6M. In its most recent filing year (2023), The Mustard Seed Project Of Key Peninsula reported a deficit of $921K, with expenses exceeding revenue. The organization holds $8.6M in liabilities against $15.9M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $650K | $1.6M | $15.9M | $8.6M | — | View 990 |
| 2022 | $6.7M | $541K | $12.1M | $3.9M | — | View 990 |
| 2021 | $1.1M | $572K | $2.6M | $602K | — | View 990 |
| 2020 | $701K | $446K | $2.3M | $842K | — | View 990 |
| 2019 | $710K | $383K | $2.2M | $928K | — | View 990 |
| 2018 | $776K | $439K | $1.9M | $956K | — | View 990 |
| 2017 | $528K | $414K | $1.5M | $950K | — | View 990 |
| 2016 | $406K | $241K | $626K | $158K | — | View 990 |
| 2015 | $462K | $215K | $306K | $2K | — | View 990 |
| 2014 | $135K | $189K | $68K | $11K | — | View 990 |
| 2013 | $189K | $177K | $113K | $1K | — | View 990 |
| 2012 | $194K | $145K | $101K | $768 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $650K, expenses of $1.6M, and assets of $15.9M (revenue -90.4% year-over-year).
- 2022: Revenue of $6.7M, expenses of $541K, and assets of $12.1M (revenue +536.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $572K, and assets of $2.6M (revenue +51.2% year-over-year).
- 2020: Revenue of $701K, expenses of $446K, and assets of $2.3M (revenue -1.2% year-over-year).
- 2019: Revenue of $710K, expenses of $383K, and assets of $2.2M (revenue -8.5% year-over-year).
- 2018: Revenue of $776K, expenses of $439K, and assets of $1.9M (revenue +46.9% year-over-year).
- 2017: Revenue of $528K, expenses of $414K, and assets of $1.5M (revenue +30.2% year-over-year).
- 2016: Revenue of $406K, expenses of $241K, and assets of $626K (revenue -12.3% year-over-year).
- 2015: Revenue of $462K, expenses of $215K, and assets of $306K (revenue +243.3% year-over-year).
- 2014: Revenue of $135K, expenses of $189K, and assets of $68K (revenue -28.6% year-over-year).
- 2013: Revenue of $189K, expenses of $177K, and assets of $113K (revenue -2.9% year-over-year).
- 2012: Revenue of $194K, expenses of $145K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mustard Seed Project Of Key Peninsula:
Data Sources and Methodology
This transparency report for The Mustard Seed Project Of Key Peninsula 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.