George Washington Academy
George Washington Academy consistently directs over 80% of expenses to programs with no reported officer compensation.
EIN: 204287601 · Ogden, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.8M |
| Total Expenses | $8.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $7.9M |
| Transparency Score | 92/100 |
Is George Washington Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Washington Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Washington Academy
George Washington Academy (EIN: 204287601) is a nonprofit organization based in Ogden, UT, classified under NTEE code B29. The organization reported total revenue of $11.8M and total assets of $22.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Washington Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Washington Academy is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $8.5M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $21.2M |
| Total Liabilities | $13.2M |
| Net Assets | $7.9M |
| Operating Margin | 16.2% |
| Debt-to-Asset Ratio | 62.6% |
| Months of Reserves | 29.8 months |
Financial Health Grade: A
In 2023, George Washington Academy reported a surplus of $1.7M with revenue exceeding expenses, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 62.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), George Washington Academy's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +6.6% | +6.4% |
| 2022 | +12.5% | +7.3% | +6.4% |
| 2021 | +11.8% | +9.9% | +3.0% |
| 2020 | +5.2% | +4.5% | +3.6% |
| 2019 | +5.3% | +2.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 George Washington Academy with a Mission Score of 92 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, George Washington Academy 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 $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.6%.
Executive Compensation Analysis
George Washington Academy consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or benefits are paid to its officers. This practice is highly commendable and suggests a strong commitment to directing all available funds towards the organization's mission rather than executive pay, especially for an organization with over $10 million in annual revenue.
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.
Strengths
The following positive indicators were identified for George Washington Academy:
- Consistent revenue growth, increasing from $5,758,750 in 2014 to $10,184,346 in 2023.
- High program spending ratio, with approximately 85% of total expenses directed to programs in 2023.
- Zero reported officer compensation across all filings, indicating strong financial transparency and mission focus.
- Healthy asset growth, from $18,355,166 in 2014 to $21,153,022 in 2023, providing financial stability.
- Positive net income trend, with revenues consistently exceeding expenses, contributing to asset accumulation.
Frequently Asked Questions about George Washington Academy
Is George Washington Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, George Washington Academy (EIN: 204287601) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does George Washington Academy spend its money?
George Washington Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George Washington Academy tax-deductible?
George Washington Academy is registered as a tax-exempt nonprofit (EIN: 204287601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George Washington Academy CEO make?
George Washington Academy's highest-compensated officer earns $10 annually. The organization reported $11.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of George Washington Academy's spending goes to programs?
George Washington Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does George Washington Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), George Washington Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George Washington Academy located?
George Washington Academy is headquartered in Ogden, Utah and files with the IRS under EIN 204287601. It is classified under NTEE code B29.
How many years of IRS 990 filings does George Washington Academy have?
George Washington Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.8M in total revenue.
Is George Washington Academy a good charity?
Based on its financial data, George Washington Academy appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services (approximately 85% in 2023) and reports 0% officer compensation, demonstrating strong financial efficiency and transparency.
How has George Washington Academy's revenue grown over time?
George Washington Academy has shown consistent revenue growth, increasing from $5,758,750 in 2014 to $10,184,346 in 2023, representing a significant increase of over 76% in less than a decade.
What is George Washington Academy's approach to executive compensation?
George Washington Academy reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to its executives. This is a highly transparent and mission-focused approach.
Filing History
IRS 990 filing history for George Washington Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), George Washington Academy's revenue has grown by 105.1%, moving from $5.0M to $10.2M. Total assets increased by 20% over the same period, from $17.6M to $21.2M. Total functional expenses rose by 81.9%, from $4.7M to $8.5M. In its most recent filing year (2023), George Washington Academy reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $13.2M in liabilities against $21.2M in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.2M | $8.5M | $21.2M | $13.2M | — | View 990 |
| 2022 | $10.0M | $8.0M | $19.9M | $13.6M | — | View 990 |
| 2021 | $8.8M | $7.5M | $18.7M | $14.4M | — | View 990 |
| 2020 | $7.9M | $6.8M | $18.2M | $14.8M | — | View 990 |
| 2019 | $7.5M | $6.5M | $17.5M | $15.3M | — | View 990 |
| 2018 | $7.1M | $6.3M | $17.1M | $15.9M | — | View 990 |
| 2017 | $6.6M | $5.8M | $16.9M | $16.5M | — | View 990 |
| 2016 | $6.2M | $5.7M | $16.9M | $17.3M | — | View 990 |
| 2015 | $5.8M | $5.3M | $18.7M | $16.2M | — | View 990 |
| 2014 | $5.8M | $5.3M | $18.4M | $16.3M | — | View 990 |
| 2013 | $5.4M | $5.0M | $17.9M | $16.3M | — | View 990 |
| 2012 | $5.0M | $4.7M | $17.6M | $16.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.2M, expenses of $8.5M, and assets of $21.2M (revenue +2.3% year-over-year).
- 2022: Revenue of $10.0M, expenses of $8.0M, and assets of $19.9M (revenue +12.5% year-over-year).
- 2021: Revenue of $8.8M, expenses of $7.5M, and assets of $18.7M (revenue +11.8% year-over-year).
- 2020: Revenue of $7.9M, expenses of $6.8M, and assets of $18.2M (revenue +5.2% year-over-year).
- 2019: Revenue of $7.5M, expenses of $6.5M, and assets of $17.5M (revenue +5.3% year-over-year).
- 2018: Revenue of $7.1M, expenses of $6.3M, and assets of $17.1M (revenue +9.0% year-over-year).
- 2017: Revenue of $6.6M, expenses of $5.8M, and assets of $16.9M (revenue +5.3% year-over-year).
- 2016: Revenue of $6.2M, expenses of $5.7M, and assets of $16.9M (revenue +7.9% year-over-year).
- 2015: Revenue of $5.8M, expenses of $5.3M, and assets of $18.7M (revenue +0.1% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.3M, and assets of $18.4M (revenue +7.0% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.0M, and assets of $17.9M (revenue +8.4% year-over-year).
- 2012: Revenue of $5.0M, expenses of $4.7M, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Washington Academy:
Data Sources and Methodology
This transparency report for George Washington Academy 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.