Washington Gas Light Company Union Veba Trust
Washington Gas Light Company Union Veba Trust consistently manages substantial assets with zero liabilities and no officer compensation.
EIN: 133810146 · Washington, DC · Updated: 2026-03-28
Is Washington Gas Light Company Union Veba Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Gas Light Company Union Veba Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Gas Light Company Union Veba Trust
Washington Gas Light Company Union Veba Trust (EIN: 133810146) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $63.3M and total assets of $361.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Gas Light Company Union Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Gas Light Company Union Veba Trust is a major nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.0M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$9.0M |
| Total Assets | $355.4M |
| Net Assets | $355.4M |
| Operating Margin | 56.6% |
| Months of Reserves | 614.1 months |
Financial Health Grade: A
In 2023, Washington Gas Light Company Union Veba Trust reported a surplus of $9.0M with revenue exceeding expenses, holds 614.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Washington Gas Light Company Union Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.2% | -5.3% | +10.7% |
| 2022 | -26.1% | -16.0% | -25.4% |
| 2021 | -41.7% | +1.4% | +4.0% |
| 2020 | +120.1% | -9.7% | +15.3% |
| 2019 | -41.8% | +8.6% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Washington Gas Light Company Union Veba Trust with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Washington Gas Light Company Union Veba Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $9.0M, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are drawn from the trust's funds, which is highly efficient for a VEBA trust.
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 Washington Gas Light Company Union Veba Trust's IRS 990 filings:
- None identified based on the provided financial data, as the trust operates efficiently with no liabilities and no officer compensation.
Strengths
The following positive indicators were identified for Washington Gas Light Company Union Veba Trust:
- Consistent reporting of zero liabilities across all filings, indicating strong financial health.
- No officer compensation reported, suggesting highly efficient use of funds for its intended purpose.
- Substantial and growing asset base, reaching $355,426,372 in 2023.
- Stable expense management relative to fluctuating revenue, demonstrating operational control.
- Extensive filing history (14 filings) indicating strong transparency and compliance.
Frequently Asked Questions about Washington Gas Light Company Union Veba Trust
Is Washington Gas Light Company Union Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Gas Light Company Union Veba Trust (EIN: 133810146) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Washington Gas Light Company Union Veba Trust spend its money?
Washington Gas Light Company Union Veba Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington Gas Light Company Union Veba Trust tax-deductible?
Washington Gas Light Company Union Veba Trust is registered as a tax-exempt nonprofit (EIN: 133810146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Washington Gas Light Company Union Veba Trust a good charity?
As a VEBA trust, its purpose is to manage assets for employee benefits, not to operate as a traditional public charity. From a financial management perspective, it appears to be very well-run, with strong asset management and no reported officer compensation.
How has the trust's asset base changed over time?
The trust's assets have shown significant growth and stability, increasing from $254,066,725 in 2014 to $355,426,372 in 2023, with a peak of $430,365,054 in 2021.
What is the trend in the trust's revenue and expenses?
Revenue has fluctuated significantly year-to-year, ranging from $15,991,205 (2023) to $44,871,920 (2020). Expenses have been more stable, generally between $6.9 million and $12.1 million annually, indicating consistent operational costs relative to varying income.
Filing History
IRS 990 filing history for Washington Gas Light Company Union Veba Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Washington Gas Light Company Union Veba Trust's revenue has grown by 16.1%, moving from $13.8M to $16.0M. Total assets increased by 133.5% over the same period, from $152.2M to $355.4M. Total functional expenses fell by 39.3%, from $11.4M to $6.9M. In its most recent filing year (2023), Washington Gas Light Company Union Veba Trust reported a surplus of $9.0M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.0M | $6.9M | $355.4M | $0 | — | — |
| 2022 | $19.3M | $7.3M | $321.2M | $0 | — | View 990 |
| 2021 | $26.1M | $8.7M | $430.4M | $0 | — | View 990 |
| 2020 | $44.9M | $8.6M | $413.9M | $0 | — | View 990 |
| 2019 | $20.4M | $9.5M | $358.9M | $0 | — | — |
| 2018 | $35.0M | $8.8M | $296.2M | $0 | — | View 990 |
| 2017 | $17.0M | $9.2M | $311.1M | $0 | — | View 990 |
| 2016 | $19.4M | $9.0M | $272.9M | $0 | — | View 990 |
| 2015 | $21.3M | $9.8M | $250.3M | $0 | — | View 990 |
| 2014 | $16.6M | $12.1M | $254.1M | $0 | — | View 990 |
| 2013 | $30.9M | $11.5M | $222.8M | $0 | — | View 990 |
| 2012 | $22.2M | $12.6M | $207.5M | $1.5M | — | View 990 |
| 2011 | $36.1M | $12.3M | $184.9M | $1.1M | — | View 990 |
| 2010 | $13.8M | $11.4M | $152.2M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.0M, expenses of $6.9M, and assets of $355.4M (revenue -17.2% year-over-year).
- 2022: Revenue of $19.3M, expenses of $7.3M, and assets of $321.2M (revenue -26.1% year-over-year).
- 2021: Revenue of $26.1M, expenses of $8.7M, and assets of $430.4M (revenue -41.7% year-over-year).
- 2020: Revenue of $44.9M, expenses of $8.6M, and assets of $413.9M (revenue +120.1% year-over-year).
- 2019: Revenue of $20.4M, expenses of $9.5M, and assets of $358.9M (revenue -41.8% year-over-year).
- 2018: Revenue of $35.0M, expenses of $8.8M, and assets of $296.2M (revenue +105.6% year-over-year).
- 2017: Revenue of $17.0M, expenses of $9.2M, and assets of $311.1M (revenue -12.1% year-over-year).
- 2016: Revenue of $19.4M, expenses of $9.0M, and assets of $272.9M (revenue -9.0% year-over-year).
- 2015: Revenue of $21.3M, expenses of $9.8M, and assets of $250.3M (revenue +27.9% year-over-year).
- 2014: Revenue of $16.6M, expenses of $12.1M, and assets of $254.1M (revenue -46.1% year-over-year).
- 2013: Revenue of $30.9M, expenses of $11.5M, and assets of $222.8M (revenue +39.4% year-over-year).
- 2012: Revenue of $22.2M, expenses of $12.6M, and assets of $207.5M (revenue -38.5% year-over-year).
- 2011: Revenue of $36.1M, expenses of $12.3M, and assets of $184.9M (revenue +161.9% year-over-year).
- 2010: Revenue of $13.8M, expenses of $11.4M, and assets of $152.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Gas Light Company Union Veba Trust:
Data Sources and Methodology
This transparency report for Washington Gas Light Company Union Veba Trust 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.