Is Washington Little Capitals Inc Legit?

Quick charity verification for Washington Little Capitals Inc (EIN: 204950933)

Verdict: Washington Little Capitals Inc appears trustworthy

85/100Mission Score
$1.1MRevenue
$352KAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Washington Little Capitals Inc. demonstrates a consistent operational pattern, with revenues and expenses generally in close proximity over the past decade. For instance, in 2023, the organization reported revenues of $837,533 against expenses of $957,240, indicating a deficit for that period. This trend of expenses sometimes exceeding revenue is observed in several years, such as 2022 ($900,082 revenue vs. $991,100 expenses) and 2020 ($719,659 revenue vs. $745,433 expenses). However, they have also had years with surpluses, like 2021 ($999,440 revenue vs. $937,933 expenses). The organization consistently reports zero officer compensation, which is a notable aspect of its financial structure and suggests a volunteer-driven leadership or that compensation is not reported under 'officer compensation' on the 990. Their assets have fluctuated, reaching a high of $539,655 in 2016 and currently standing at $352,016, while liabilities have remained consistently low or zero, indicating good financial solvency in terms of debt.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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