Wlam Property Association Ii
EIN: 873814242 · Seattle, WA · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $337K |
| Net Assets | $2.8M |
Is Wlam Property Association Ii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wlam Property Association Ii
Wlam Property Association Ii (EIN: 873814242) is a nonprofit organization based in Seattle, WA, classified under NTEE code S99. The organization reported total revenue of $337K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wlam Property Association Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wlam Property Association Ii is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -96.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $0 |
| Surplus / Deficit | +$89K |
| Total Assets | $3.7M |
| Total Liabilities | $813K |
| Net Assets | $2.8M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 22.2% |
Financial Health Grade: A
In 2023, Wlam Property Association Ii reported a surplus of $89K with revenue exceeding expenses, has a debt-to-asset ratio of 22.2% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Wlam Property Association Ii's revenue has declined at a compound annual growth rate (CAGR) of -96.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.9% | -100.0% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wlam Property Association Ii 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 Wlam Property Association Ii 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:
- Debt-to-asset ratio: 22.2%.
Frequently Asked Questions about Wlam Property Association Ii
Is Wlam Property Association Ii a legitimate charity?
Wlam Property Association Ii (EIN: 873814242) is a registered tax-exempt nonprofit based in Washington. It has 2 years of IRS 990 filings on record. Total revenue: $337K. No red flags identified. Financial health grade: A.
How does Wlam Property Association Ii spend its money?
Wlam Property Association Ii reported $337K 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 Wlam Property Association Ii tax-deductible?
Wlam Property Association Ii is registered as a tax-exempt nonprofit (EIN: 873814242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wlam Property Association Ii located?
Wlam Property Association Ii is headquartered in Seattle, Washington and files with the IRS under EIN 873814242. It is classified under NTEE code S99.
How many years of IRS 990 filings does Wlam Property Association Ii have?
Wlam Property Association Ii 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 $337K in total revenue.
Filing History
IRS 990 filing history for Wlam Property Association Ii showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Wlam Property Association Ii's revenue has declined by 96.9%, moving from $2.8M to $89K. Total assets increased by 2.5% over the same period, from $3.6M to $3.7M. Total functional expenses fell by 100%, from $70K to $0. The organization holds $813K in liabilities against $3.7M in assets (debt-to-asset ratio: 22.2%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $0 | $3.7M | $813K | — | View 990 |
| 2022 | $2.8M | $70K | $3.6M | $813K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wlam Property Association Ii:
Data Sources and Methodology
This transparency report for Wlam Property Association Ii 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.