Is Corporation Of The Washington Latin School Legit?
Quick charity verification for Corporation Of The Washington Latin School (EIN: 202395640)
Verdict: Corporation Of The Washington Latin School appears trustworthy
90/100Mission Score
$34.0MRevenue
$56.5MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
Consistent revenue growth, nearly doubling from 2019 to 2023.
Healthy asset base of $56,512,325, indicating strong financial stability.
Consistent surplus of revenue over expenses across multiple years, demonstrating sound financial management.
Strong asset-to-liability ratio of approximately 1.64:1 in the latest filing.
Spending Breakdown
How Corporation Of The Washington Latin School allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Corporation Of The Washington Latin School
Is Corporation Of The Washington Latin School a legitimate charity?
Based on AI analysis of IRS 990 filings, Corporation Of The Washington Latin School (EIN: 202395640) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Corporation Of The Washington Latin School a good charity to donate to?
Corporation Of The Washington Latin School has a Mission Score of 90/100. Revenue: $34.0M. Assets: $56.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corporation Of The Washington Latin School?
The Employer Identification Number (EIN) for Corporation Of The Washington Latin School is 202395640. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Corporation Of The Washington Latin School spend its money?
Corporation Of The Washington Latin School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corporation Of The Washington Latin School's tax-exempt status?
You can verify Corporation Of The Washington Latin School's tax-exempt status using EIN 202395640 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Corporation Of The Washington Latin School demonstrates strong financial health and growth, with its latest reported revenue at $34,006,388 and assets at $56,512,325. Over the past five years, the organization has shown consistent revenue growth, nearly doubling from $13,809,639 in 2019 to $25,342,054 in 2023. This growth is accompanied by a healthy asset base, indicating good financial management and capacity. The organization consistently reports 0% officer compensation, which is a significant positive indicator for transparency and efficient use of funds, as it suggests that leadership is either unpaid or compensated through other means not classified as officer compensation on the 990, or that the organization is structured to minimize top-heavy executive pay. The consistent surplus of revenue over expenses across multiple years further solidifies its financial stability.