Quick charity verification for Washington Market School (EIN: 133134024)
Verdict: Washington Market School appears trustworthy
85/100Mission Score
$14.3MRevenue
$44.9MAssets
2Red Flags
4Strengths
Red Flags
Consistent reporting of 0% officer compensation for an organization with over $9M in annual expenses, which is highly unusual and may obscure actual executive remuneration if it's categorized elsewhere.
Expenses slightly exceeded revenue in the latest 2023 filing ($9.29M expenses vs. $9.14M revenue), a minor deficit that warrants monitoring.
Strengths
Strong and consistent asset growth, more than doubling from $20.8M in 2014 to $43.1M in 2023, indicating robust financial management.
Long history of IRS 990 filings (13 periods), demonstrating consistent reporting and transparency.
Generally stable financial operations with revenue typically outpacing expenses over the past decade.
Likely high program spending efficiency, typical for educational institutions, contributing to its mission.
Spending Breakdown
How Washington Market 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 Washington Market School
Is Washington Market School a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Market School (EIN: 133134024) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Washington Market School a good charity to donate to?
Washington Market School has a Mission Score of 85/100. Revenue: $14.3M. Assets: $44.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Washington Market School?
The Employer Identification Number (EIN) for Washington Market School is 133134024. 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 Washington Market School spend its money?
Washington Market School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Washington Market School's tax-exempt status?
You can verify Washington Market School's tax-exempt status using EIN 133134024 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
Washington Market School demonstrates consistent financial health with a steady increase in assets over the past decade, growing from $20.8 million in 2014 to $43.1 million in 2023. While revenue has fluctuated, it generally outpaces expenses, indicating sound financial management. For instance, in 2022, revenue was $10.3 million against expenses of $9.5 million, contributing to asset growth. However, the latest filing for 2023 shows expenses ($9.29 million) slightly exceeding revenue ($9.14 million), which warrants monitoring, though it's a minor deficit in the context of its overall financial scale.
The organization's spending efficiency appears strong, with a significant portion of its budget likely directed towards its programs, given the NTEE code B21Z (Elementary & Secondary Education). The consistent growth in assets and relatively stable expense levels suggest effective resource allocation. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported differently, which could be a point of inquiry for full transparency.
Transparency is generally good, with 13 filings available, providing a comprehensive historical view. The consistent reporting of zero officer compensation is a key data point for transparency, suggesting either a highly volunteer-driven leadership or a structure where executive compensation is not reported in the typical 'officer compensation' section of the 990, which could be clarified for stakeholders. The detailed financial history allows for thorough analysis of its financial trajectory and operational stability.