Washington Bus Education Fund
EIN: 261453582 · Seattle, WA · NTEE: R40
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $532K |
| Net Assets | $262K |
Is Washington Bus Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Bus Education Fund
Washington Bus Education Fund (EIN: 261453582) is a nonprofit organization based in Seattle, WA, classified under NTEE code R40. The organization reported total revenue of $1.7M and total assets of $971K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Bus Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Bus Education Fund is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $448K |
| Total Expenses | $532K |
| Surplus / Deficit | $-83,487 |
| Total Assets | $319K |
| Total Liabilities | $57K |
| Net Assets | $262K |
| Operating Margin | -18.6% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Washington Bus Education Fund reported a deficit of $83K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Bus Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | -4.7% | -24.8% |
| 2022 | -15.6% | -2.2% | -20.1% |
| 2021 | +1.4% | +5.9% | +35.5% |
| 2020 | +20.7% | +38.9% | +22.1% |
| 2019 | +8.0% | -9.6% | +59.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Bus Education Fund 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 Washington Bus Education Fund 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 $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Frequently Asked Questions about Washington Bus Education Fund
Is Washington Bus Education Fund a legitimate charity?
Washington Bus Education Fund (EIN: 261453582) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: B.
How does Washington Bus Education Fund spend its money?
Washington Bus Education Fund reported $1.7M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Washington Bus Education Fund tax-deductible?
Washington Bus Education Fund is registered as a tax-exempt nonprofit (EIN: 261453582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washington Bus Education Fund located?
Washington Bus Education Fund is headquartered in Seattle, Washington and files with the IRS under EIN 261453582. It is classified under NTEE code R40.
How many years of IRS 990 filings does Washington Bus Education Fund have?
Washington Bus Education Fund has 13 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Washington Bus Education Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Bus Education Fund's revenue has grown by 38.3%, moving from $324K to $448K. Total assets increased by 138.1% over the same period, from $134K to $319K. Total functional expenses rose by 47.4%, from $361K to $532K. In its most recent filing year (2023), Washington Bus Education Fund reported a deficit of $83K, with expenses exceeding revenue. The organization holds $57K in liabilities against $319K in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $262K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $448K | $532K | $319K | $57K | — | — |
| 2022 | $516K | $558K | $424K | $78K | — | View 990 |
| 2021 | $611K | $571K | $531K | $143K | — | View 990 |
| 2020 | $603K | $539K | $392K | $45K | — | View 990 |
| 2019 | $500K | $388K | $321K | $38K | — | View 990 |
| 2018 | $463K | $429K | $201K | $30K | — | View 990 |
| 2017 | $439K | $423K | $234K | $96K | — | View 990 |
| 2016 | $499K | $412K | $167K | $45K | — | View 990 |
| 2015 | $366K | $335K | $95K | $61K | — | View 990 |
| 2014 | $375K | $418K | $74K | $70K | — | View 990 |
| 2013 | $397K | $442K | $86K | $40K | — | View 990 |
| 2012 | $408K | $352K | $135K | $44K | — | View 990 |
| 2011 | $324K | $361K | $134K | $99K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $448K, expenses of $532K, and assets of $319K (revenue -13.1% year-over-year).
- 2022: Revenue of $516K, expenses of $558K, and assets of $424K (revenue -15.6% year-over-year).
- 2021: Revenue of $611K, expenses of $571K, and assets of $531K (revenue +1.4% year-over-year).
- 2020: Revenue of $603K, expenses of $539K, and assets of $392K (revenue +20.7% year-over-year).
- 2019: Revenue of $500K, expenses of $388K, and assets of $321K (revenue +8.0% year-over-year).
- 2018: Revenue of $463K, expenses of $429K, and assets of $201K (revenue +5.3% year-over-year).
- 2017: Revenue of $439K, expenses of $423K, and assets of $234K (revenue -12.0% year-over-year).
- 2016: Revenue of $499K, expenses of $412K, and assets of $167K (revenue +36.6% year-over-year).
- 2015: Revenue of $366K, expenses of $335K, and assets of $95K (revenue -2.6% year-over-year).
- 2014: Revenue of $375K, expenses of $418K, and assets of $74K (revenue -5.5% year-over-year).
- 2013: Revenue of $397K, expenses of $442K, and assets of $86K (revenue -2.8% year-over-year).
- 2012: Revenue of $408K, expenses of $352K, and assets of $135K (revenue +25.9% year-over-year).
- 2011: Revenue of $324K, expenses of $361K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Bus Education Fund:
Data Sources and Methodology
This transparency report for Washington Bus Education Fund 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.