206 Universal

Analysis

206 Universal is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 206 Universal reported income of $383k and spending of $462k, spending 120% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $311k to $383k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 206 Universal sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Lighthouse Montessori ($383k), Educate2envision International ($383k) and Chemical Marketing & Economics Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $129k (28% of expenses). Other salaries and wages came to $37k. At year end it held assets of $185k against liabilities of $168k, net assets of $18k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.