Three Rivers Carousel Foundation
Three Rivers Carousel Foundation maintains stable assets despite fluctuating revenues and consistent operating deficits in recent years.
EIN: 134228551 · Kennewick, WA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $348K |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 88/100 |
Is Three Rivers Carousel Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Three Rivers Carousel Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Three Rivers Carousel Foundation
Three Rivers Carousel Foundation (EIN: 134228551) is a nonprofit organization based in Kennewick, WA, classified under NTEE code A80. The organization reported total revenue of $303K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Three Rivers Carousel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Three Rivers Carousel Foundation is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $348K |
| Surplus / Deficit | $-74,132 |
| Total Assets | $3.3M |
| Total Liabilities | $11K |
| Net Assets | $3.3M |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 113.3 months |
Financial Health Grade: B
In 2023, Three Rivers Carousel Foundation reported a deficit of $74K with expenses exceeding revenue, holds 113.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Three Rivers Carousel Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | +12.3% | -2.2% |
| 2022 | +36.2% | +18.3% | +0.1% |
| 2021 | +19.3% | -11.6% | -2.7% |
| 2020 | -15.8% | -3.5% | -0.9% |
| 2019 | -16.2% | -1.8% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Three Rivers Carousel Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Three Rivers Carousel Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence and resource allocation to mission.
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 Three Rivers Carousel Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $74,132 deficit in 2023)
- Gradual decline in total assets over the past decade (from $4.08M in 2014 to $3.28M in 2023)
Strengths
The following positive indicators were identified for Three Rivers Carousel Foundation:
- Zero officer compensation reported across all filings, indicating strong commitment to mission and low administrative overhead.
- Substantial asset base ($3,286,328 in 2023) provides financial stability and resilience.
- Consistent IRS 990 filing history (12 filings) demonstrates strong transparency and compliance.
- Low liabilities relative to assets (e.g., $10,862 in liabilities vs. $3.28M in assets in 2023).
Frequently Asked Questions about Three Rivers Carousel Foundation
Is Three Rivers Carousel Foundation a legitimate charity?
Three Rivers Carousel Foundation (EIN: 134228551) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $303K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Three Rivers Carousel Foundation spend its money?
Three Rivers Carousel Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Three Rivers Carousel Foundation tax-deductible?
Three Rivers Carousel Foundation is registered as a tax-exempt nonprofit (EIN: 134228551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Three Rivers Carousel Foundation's spending goes to programs?
Three Rivers Carousel Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Three Rivers Carousel Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Three Rivers Carousel Foundation is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Three Rivers Carousel Foundation located?
Three Rivers Carousel Foundation is headquartered in Kennewick, Washington and files with the IRS under EIN 134228551. It is classified under NTEE code A80.
How many years of IRS 990 filings does Three Rivers Carousel Foundation have?
Three Rivers Carousel Foundation 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 $303K in total revenue.
Is Three Rivers Carousel Foundation a good charity?
Based on the available data, the Three Rivers Carousel Foundation appears to be a good charity. It has a strong asset base, a history of no officer compensation, and consistent financial reporting. While it has experienced operating deficits in recent years, its substantial assets provide stability.
What is the trend in the organization's assets?
The organization's assets have shown a gradual decline from a peak of $4,084,052 in 2014 to $3,286,328 in 2023, representing a decrease of approximately 19.5% over this period.
How has the organization's revenue changed over time?
Revenue has fluctuated significantly, with a high of $1,106,021 in 2014 and a low of $195,311 in 2020. The latest reported revenue in 2023 was $274,000, which is below its average for the past decade.
Does the organization consistently operate at a deficit?
The organization has operated at a deficit in most years since 2016, with expenses exceeding revenue. For example, in 2023, expenses were $348,132 against revenues of $274,000, resulting in a deficit of $74,132.
Filing History
IRS 990 filing history for Three Rivers Carousel Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Three Rivers Carousel Foundation's revenue has declined by 9.3%, moving from $302K to $274K. Total assets increased by 110.1% over the same period, from $1.6M to $3.3M. Total functional expenses rose by 1977.5%, from $17K to $348K. In its most recent filing year (2023), Three Rivers Carousel Foundation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $11K in liabilities against $3.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $348K | $3.3M | $11K | — | View 990 |
| 2022 | $317K | $310K | $3.4M | $15K | — | — |
| 2021 | $233K | $262K | $3.4M | $18K | — | View 990 |
| 2020 | $195K | $296K | $3.5M | $83K | — | View 990 |
| 2019 | $232K | $307K | $3.5M | $13K | — | View 990 |
| 2018 | $277K | $313K | $3.6M | $12K | — | View 990 |
| 2017 | $243K | $335K | $3.6M | $14K | — | — |
| 2016 | $281K | $423K | $3.7M | $7K | — | View 990 |
| 2015 | $458K | $398K | $3.9M | $57K | — | View 990 |
| 2014 | $1.1M | $132K | $4.1M | $328K | — | View 990 |
| 2013 | $1.2M | $28K | $2.7M | $0 | — | View 990 |
| 2012 | $302K | $17K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $348K, and assets of $3.3M (revenue -13.7% year-over-year).
- 2022: Revenue of $317K, expenses of $310K, and assets of $3.4M (revenue +36.2% year-over-year).
- 2021: Revenue of $233K, expenses of $262K, and assets of $3.4M (revenue +19.3% year-over-year).
- 2020: Revenue of $195K, expenses of $296K, and assets of $3.5M (revenue -15.8% year-over-year).
- 2019: Revenue of $232K, expenses of $307K, and assets of $3.5M (revenue -16.2% year-over-year).
- 2018: Revenue of $277K, expenses of $313K, and assets of $3.6M (revenue +14.0% year-over-year).
- 2017: Revenue of $243K, expenses of $335K, and assets of $3.6M (revenue -13.7% year-over-year).
- 2016: Revenue of $281K, expenses of $423K, and assets of $3.7M (revenue -38.5% year-over-year).
- 2015: Revenue of $458K, expenses of $398K, and assets of $3.9M (revenue -58.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $132K, and assets of $4.1M (revenue -7.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $28K, and assets of $2.7M (revenue +295.0% year-over-year).
- 2012: Revenue of $302K, expenses of $17K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Three Rivers Carousel Foundation:
Data Sources and Methodology
This transparency report for Three Rivers Carousel 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.