Washington Software Alliance Employee Benefit Trust
Washington Software Alliance Employee Benefit Trust consistently allocates nearly all revenue to expenses with no reported officer compensation.
EIN: 202563188 · Mukilteo, WA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.1M |
| Total Expenses | $67.8M |
| Program Spending | 99% |
| Net Assets | $2.0M |
| Transparency Score | 95/100 |
Is Washington Software Alliance Employee Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Software Alliance Employee Benefit Trust directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Software Alliance Employee Benefit Trust
Washington Software Alliance Employee Benefit Trust (EIN: 202563188) is a nonprofit organization based in Mukilteo, WA, classified under NTEE code Y43. The organization reported total revenue of $36.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Software Alliance Employee Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Software Alliance Employee Benefit Trust is a large 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 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67.9M |
| Total Expenses | $67.8M |
| Surplus / Deficit | +$83K |
| Total Assets | $2.5M |
| Total Liabilities | $485K |
| Net Assets | $2.0M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 19.5% |
| Months of Reserves | 0.4 months |
Financial Health Grade: A
In 2023, Washington Software Alliance Employee Benefit Trust reported a surplus of $83K with revenue exceeding expenses, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 19.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Software Alliance Employee Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | -18.2% | -27.6% |
| 2022 | +1.9% | +2.4% | -18.0% |
| 2021 | +9.6% | +9.6% | -1.9% |
| 2020 | +13.2% | +12.9% | +10.2% |
| 2019 | +19.4% | +19.5% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Washington Software Alliance Employee Benefit Trust with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Washington Software Alliance Employee Benefit Trust allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 surplus of $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid from the organization's funds. This is highly unusual for an organization managing tens of millions in revenue and suggests either a volunteer leadership structure or that compensation is handled through an affiliated entity, which would require further investigation for full transparency.
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 Washington Software Alliance Employee Benefit Trust's IRS 990 filings:
- Lack of clarity on how leadership is compensated if not through the trust, given 0% officer compensation across all filings.
Strengths
The following positive indicators were identified for Washington Software Alliance Employee Benefit Trust:
- Exceptional spending efficiency, with expenses consistently matching revenue (e.g., 202312 revenue $67,898,390 vs. expenses $67,815,687).
- No reported officer compensation, indicating a strong commitment to direct program spending.
- Consistent financial reporting over many years (13 filings), demonstrating transparency and stability.
- Healthy asset-to-liability ratio, with assets generally well exceeding liabilities (e.g., 202312 assets $2,484,414 vs. liabilities $485,093).
Frequently Asked Questions about Washington Software Alliance Employee Benefit Trust
Is Washington Software Alliance Employee Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Software Alliance Employee Benefit Trust (EIN: 202563188) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Washington Software Alliance Employee Benefit Trust spend its money?
Washington Software Alliance Employee Benefit Trust directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington Software Alliance Employee Benefit Trust tax-deductible?
Washington Software Alliance Employee Benefit Trust is registered as a tax-exempt nonprofit (EIN: 202563188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Washington Software Alliance Employee Benefit Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Washington Software Alliance Employee Benefit Trust is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington Software Alliance Employee Benefit Trust located?
Washington Software Alliance Employee Benefit Trust is headquartered in Mukilteo, Washington and files with the IRS under EIN 202563188. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Washington Software Alliance Employee Benefit Trust have?
Washington Software Alliance Employee Benefit Trust 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 $36.1M in total revenue.
Is Washington Software Alliance Employee Benefit Trust a good charity?
Based on the available financial data, the organization demonstrates excellent financial efficiency, with nearly all revenue going towards expenses and no reported officer compensation. This suggests a strong commitment to its stated purpose as an employee benefit trust. However, as an employee benefit trust (NTEE Y43), it serves a specific, defined group rather than the general public, so 'good charity' should be interpreted within that context.
How does the organization manage its administrative costs?
The organization consistently spends almost all of its revenue on expenses, with very little left over, implying extremely low administrative overhead relative to its operational scale. For example, in 202312, expenses were $67,815,687 against $67,898,390 in revenue, indicating a very lean operational structure.
What is the trend in the organization's assets and liabilities?
Assets have generally decreased over the past decade, from a high of $5,899,481 in 201412 to $2,484,414 in 202312. Liabilities have also fluctuated but generally remained a smaller proportion of assets, such as $485,093 in liabilities against $2,484,414 in assets in 202312, suggesting a healthy balance sheet.
Is the 0% officer compensation sustainable or indicative of other arrangements?
The consistent 0% officer compensation across all filings is a significant indicator of financial efficiency and a direct allocation of funds to the trust's purpose. While highly positive for direct spending, it might suggest that leadership is compensated through a related entity or is entirely volunteer-based, which is not fully transparent from these filings alone.
Filing History
IRS 990 filing history for Washington Software Alliance Employee Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Software Alliance Employee Benefit Trust's revenue has grown by 211.9%, moving from $21.8M to $67.9M. Total assets decreased by 17% over the same period, from $3.0M to $2.5M. Total functional expenses rose by 215.1%, from $21.5M to $67.8M. In its most recent filing year (2023), Washington Software Alliance Employee Benefit Trust reported a surplus of $83K, with revenue exceeding expenses. The organization holds $485K in liabilities against $2.5M in assets (debt-to-asset ratio: 19.5%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67.9M | $67.8M | $2.5M | $485K | — | — |
| 2022 | $82.7M | $82.9M | $3.4M | $1.6M | — | — |
| 2021 | $81.2M | $81.0M | $4.2M | $1.9M | — | View 990 |
| 2020 | $74.1M | $73.9M | $4.3M | $2.1M | — | View 990 |
| 2019 | $65.5M | $65.5M | $3.9M | $1.9M | — | — |
| 2018 | $54.8M | $54.8M | $4.1M | $2.2M | — | View 990 |
| 2017 | $48.3M | $48.5M | $3.9M | $1.9M | — | View 990 |
| 2016 | $37.1M | $37.0M | $4.2M | $1.9M | — | View 990 |
| 2015 | $50.5M | $50.3M | $4.2M | $2.2M | — | View 990 |
| 2014 | $52.6M | $52.5M | $5.9M | $4.0M | — | — |
| 2013 | $25.7M | $25.6M | $3.8M | $1.9M | — | View 990 |
| 2012 | $25.8M | $25.5M | $3.4M | $1.6M | — | View 990 |
| 2011 | $21.8M | $21.5M | $3.0M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67.9M, expenses of $67.8M, and assets of $2.5M (revenue -17.9% year-over-year).
- 2022: Revenue of $82.7M, expenses of $82.9M, and assets of $3.4M (revenue +1.9% year-over-year).
- 2021: Revenue of $81.2M, expenses of $81.0M, and assets of $4.2M (revenue +9.6% year-over-year).
- 2020: Revenue of $74.1M, expenses of $73.9M, and assets of $4.3M (revenue +13.2% year-over-year).
- 2019: Revenue of $65.5M, expenses of $65.5M, and assets of $3.9M (revenue +19.4% year-over-year).
- 2018: Revenue of $54.8M, expenses of $54.8M, and assets of $4.1M (revenue +13.5% year-over-year).
- 2017: Revenue of $48.3M, expenses of $48.5M, and assets of $3.9M (revenue +30.2% year-over-year).
- 2016: Revenue of $37.1M, expenses of $37.0M, and assets of $4.2M (revenue -26.6% year-over-year).
- 2015: Revenue of $50.5M, expenses of $50.3M, and assets of $4.2M (revenue -4.0% year-over-year).
- 2014: Revenue of $52.6M, expenses of $52.5M, and assets of $5.9M (revenue +104.7% year-over-year).
- 2013: Revenue of $25.7M, expenses of $25.6M, and assets of $3.8M (revenue -0.4% year-over-year).
- 2012: Revenue of $25.8M, expenses of $25.5M, and assets of $3.4M (revenue +18.6% year-over-year).
- 2011: Revenue of $21.8M, expenses of $21.5M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Software Alliance Employee Benefit Trust:
Data Sources and Methodology
This transparency report for Washington Software Alliance Employee Benefit Trust 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.