Washington Business Association
EIN: 824540768 · Washington, DC · NTEE: S43
| Metric | Value |
|---|---|
| Total Revenue | $168K |
| Total Expenses | $168K |
| Net Assets | $0 |
Is Washington Business Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Business Association
Washington Business Association (EIN: 824540768) is a nonprofit organization based in Washington, DC, classified under NTEE code S43. The organization reported total revenue of $168K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Business Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Business Association is a small nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of -49.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $168K |
| Surplus / Deficit | +$0 |
| Total Assets | $168K |
| Total Liabilities | $168K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2020, Washington Business Association reported a surplus of $0 with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 2 years of filings (2019–2020), Washington Business Association's revenue has declined at a compound annual growth rate (CAGR) of -49.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -49.1% | -49.1% | -49.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Business Association 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 Business Association 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Washington Business Association
Is Washington Business Association a legitimate charity?
Washington Business Association (EIN: 824540768) is a registered tax-exempt nonprofit based in Washington DC. It has 2 years of IRS 990 filings on record. Total revenue: $168K. No red flags identified. Financial health grade: B.
How does Washington Business Association spend its money?
Washington Business Association reported $168K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Washington Business Association tax-deductible?
Washington Business Association is registered as a tax-exempt nonprofit (EIN: 824540768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washington Business Association located?
Washington Business Association is headquartered in Washington, Washington DC and files with the IRS under EIN 824540768. It is classified under NTEE code S43.
How many years of IRS 990 filings does Washington Business Association have?
Washington Business Association has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $168K in total revenue.
Filing History
IRS 990 filing history for Washington Business Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Washington Business Association's revenue has declined by 49.1%, moving from $330K to $168K. Total assets decreased by 49.1% over the same period, from $330K to $168K. Total functional expenses fell by 49.1%, from $330K to $168K. In its most recent filing year (2020), Washington Business Association reported a surplus of $0, with revenue exceeding expenses. The organization holds $168K in liabilities against $168K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $168K | $168K | $168K | $168K | — | — |
| 2019 | $330K | $330K | $330K | $330K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Business Association:
Data Sources and Methodology
This transparency report for Washington Business Association 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.