Corporation Of The Washington Latin School
Corporation Of The Washington Latin School shows strong financial growth and zero reported officer compensation.
EIN: 202395640 · Washington, DC · NTEE: B29 · Updated: 2026-03-28
Is Corporation Of The Washington Latin School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corporation Of The Washington Latin School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corporation Of The Washington Latin School
Corporation Of The Washington Latin School (EIN: 202395640) is a nonprofit organization based in Washington, DC, classified under NTEE code B29. The organization reported total revenue of $34.0M and total assets of $56.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corporation Of The Washington Latin School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corporation Of The Washington Latin School is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.3M |
| Total Expenses | $21.9M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $57.3M |
| Total Liabilities | $35.0M |
| Net Assets | $22.4M |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 61.0% |
| Months of Reserves | 31.4 months |
Financial Health Grade: A
In 2023, Corporation Of The Washington Latin School reported a surplus of $3.4M with revenue exceeding expenses, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 61.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Corporation Of The Washington Latin School's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.8% | +26.1% | +71.9% |
| 2022 | +7.0% | +22.5% | +5.6% |
| 2021 | -11.2% | -2.0% | +9.9% |
| 2020 | +39.0% | +5.8% | +4.5% |
| 2019 | +3.5% | +6.5% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corporation Of The Washington Latin School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Corporation Of The Washington Latin School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either a volunteer-led executive team or that executive compensation is categorized differently within the financial statements, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Corporation Of The Washington Latin School's IRS 990 filings:
- Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Corporation Of The Washington Latin School:
- 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.
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) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Corporation Of The Washington Latin School spend its money?
Corporation Of The Washington Latin School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corporation Of The Washington Latin School tax-deductible?
Corporation Of The Washington Latin School is registered as a tax-exempt nonprofit (EIN: 202395640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Corporation Of The Washington Latin School a good charity?
Based on the available IRS 990 data, the Corporation Of The Washington Latin School appears to be a financially healthy organization with strong revenue growth and a consistent surplus of revenue over expenses. The reported 0% officer compensation is a notable positive for resource allocation. However, a deeper understanding of how executive leadership is compensated, if at all, would provide a more complete picture.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $13,809,639 in 2019 to $25,342,054 in 2023, and its latest reported revenue is $34,006,388. This indicates a strong upward trend in financial support and operational scale.
What is the organization's asset-to-liability ratio?
In the latest filing (202306), the organization had assets of $57,326,074 and liabilities of $34,963,828, resulting in an asset-to-liability ratio of approximately 1.64:1. This indicates a healthy financial position where assets comfortably cover liabilities.
Filing History
IRS 990 filing history for Corporation Of The Washington Latin School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corporation Of The Washington Latin School's revenue has grown by 206.9%, moving from $8.3M to $25.3M. Total assets increased by 5559.2% over the same period, from $1.0M to $57.3M. Total functional expenses rose by 194.6%, from $7.4M to $21.9M. In its most recent filing year (2023), Corporation Of The Washington Latin School reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $35.0M in liabilities against $57.3M in assets (debt-to-asset ratio: 61.0%), resulting in net assets of $22.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.3M | $21.9M | $57.3M | $35.0M | — | — |
| 2022 | $18.3M | $17.4M | $33.3M | $14.8M | — | View 990 |
| 2021 | $17.1M | $14.2M | $31.6M | $15.0M | — | View 990 |
| 2020 | $19.2M | $14.5M | $28.7M | $15.7M | — | View 990 |
| 2019 | $13.8M | $13.7M | $27.5M | $18.7M | — | View 990 |
| 2018 | $13.3M | $12.8M | $27.5M | $18.6M | — | View 990 |
| 2017 | $12.4M | $11.8M | $26.9M | $18.8M | — | View 990 |
| 2016 | $12.4M | $10.9M | $26.4M | $19.2M | — | View 990 |
| 2015 | $12.5M | $10.4M | $23.8M | $17.7M | — | View 990 |
| 2014 | $11.7M | $10.1M | $21.4M | $16.9M | — | View 990 |
| 2013 | $11.1M | $10.1M | $2.2M | $299K | — | View 990 |
| 2012 | $9.3M | $8.5M | $1.3M | $492K | — | View 990 |
| 2011 | $8.3M | $7.4M | $1.0M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.3M, expenses of $21.9M, and assets of $57.3M (revenue +38.8% year-over-year).
- 2022: Revenue of $18.3M, expenses of $17.4M, and assets of $33.3M (revenue +7.0% year-over-year).
- 2021: Revenue of $17.1M, expenses of $14.2M, and assets of $31.6M (revenue -11.2% year-over-year).
- 2020: Revenue of $19.2M, expenses of $14.5M, and assets of $28.7M (revenue +39.0% year-over-year).
- 2019: Revenue of $13.8M, expenses of $13.7M, and assets of $27.5M (revenue +3.5% year-over-year).
- 2018: Revenue of $13.3M, expenses of $12.8M, and assets of $27.5M (revenue +7.5% year-over-year).
- 2017: Revenue of $12.4M, expenses of $11.8M, and assets of $26.9M (revenue +0.1% year-over-year).
- 2016: Revenue of $12.4M, expenses of $10.9M, and assets of $26.4M (revenue -1.0% year-over-year).
- 2015: Revenue of $12.5M, expenses of $10.4M, and assets of $23.8M (revenue +7.4% year-over-year).
- 2014: Revenue of $11.7M, expenses of $10.1M, and assets of $21.4M (revenue +5.0% year-over-year).
- 2013: Revenue of $11.1M, expenses of $10.1M, and assets of $2.2M (revenue +19.1% year-over-year).
- 2012: Revenue of $9.3M, expenses of $8.5M, and assets of $1.3M (revenue +13.0% year-over-year).
- 2011: Revenue of $8.3M, expenses of $7.4M, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corporation Of The Washington Latin School:
Data Sources and Methodology
This transparency report for Corporation Of The Washington Latin School 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.