Washington Heritage University
EIN: 541694588 · Fairfax, VA
| Metric | Value |
|---|---|
| Total Revenue | $984K |
| Total Expenses | $983K |
| Net Assets | $12K |
Is Washington Heritage University Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Heritage University
Washington Heritage University (EIN: 541694588) is a nonprofit organization based in Fairfax, VA. The organization reported total revenue of $984K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Heritage University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Heritage University is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $844K |
| Total Expenses | $983K |
| Surplus / Deficit | $-138,832 |
| Total Assets | $1.6M |
| Total Liabilities | $1.6M |
| Net Assets | $12K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 99.2% |
| Months of Reserves | 19.3 months |
Financial Health Grade: C
In 2023, Washington Heritage University reported a deficit of $139K with expenses exceeding revenue, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Heritage University's revenue has grown at a compound annual growth rate (CAGR) of 25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.7% | -36.3% | +238.9% |
| 2022 | -12.9% | -2.0% | -8.8% |
| 2021 | +143.4% | +153.6% | +43.4% |
| 2020 | -40.2% | -48.7% | +68.3% |
| 2019 | +33.3% | +50.1% | -15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Heritage University has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Washington Heritage University with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.2%.
Frequently Asked Questions about Washington Heritage University
Is Washington Heritage University a legitimate charity?
Washington Heritage University (EIN: 541694588) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $984K. No red flags identified. Financial health grade: C.
How does Washington Heritage University spend its money?
Washington Heritage University reported $984K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Washington Heritage University tax-deductible?
Washington Heritage University is registered as a tax-exempt nonprofit (EIN: 541694588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washington Heritage University located?
Washington Heritage University is headquartered in Fairfax, Virginia and files with the IRS under EIN 541694588.
How many years of IRS 990 filings does Washington Heritage University have?
Washington Heritage University has 13 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 $984K in total revenue.
Filing History
IRS 990 filing history for Washington Heritage University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Heritage University's revenue has grown by 1403.4%, moving from $56K to $844K. Total assets increased by 696.1% over the same period, from $198K to $1.6M. Total functional expenses rose by 2373.8%, from $40K to $983K. In its most recent filing year (2023), Washington Heritage University reported a deficit of $139K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.6M in assets (debt-to-asset ratio: 99.2%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $844K | $983K | $1.6M | $1.6M | — | View 990 |
| 2022 | $1.4M | $1.5M | $466K | $315K | — | View 990 |
| 2021 | $1.6M | $1.6M | $511K | $240K | — | — |
| 2020 | $672K | $621K | $356K | $146K | — | View 990 |
| 2019 | $1.1M | $1.2M | $212K | $52K | — | View 990 |
| 2018 | $842K | $808K | $249K | $0 | — | View 990 |
| 2017 | $496K | $430K | $218K | $4K | — | View 990 |
| 2016 | $190K | $128K | $200K | $5K | — | View 990 |
| 2015 | $35K | $39K | $197K | $65K | — | View 990 |
| 2014 | $50K | $43K | $204K | $68K | — | View 990 |
| 2013 | $49K | $43K | $201K | $71K | — | View 990 |
| 2012 | $38K | $36K | $197K | $74K | — | View 990 |
| 2011 | $56K | $40K | $198K | $76K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $844K, expenses of $983K, and assets of $1.6M (revenue -40.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $466K (revenue -12.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $511K (revenue +143.4% year-over-year).
- 2020: Revenue of $672K, expenses of $621K, and assets of $356K (revenue -40.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $212K (revenue +33.3% year-over-year).
- 2018: Revenue of $842K, expenses of $808K, and assets of $249K (revenue +69.9% year-over-year).
- 2017: Revenue of $496K, expenses of $430K, and assets of $218K (revenue +161.2% year-over-year).
- 2016: Revenue of $190K, expenses of $128K, and assets of $200K (revenue +436.6% year-over-year).
- 2015: Revenue of $35K, expenses of $39K, and assets of $197K (revenue -28.9% year-over-year).
- 2014: Revenue of $50K, expenses of $43K, and assets of $204K (revenue +1.0% year-over-year).
- 2013: Revenue of $49K, expenses of $43K, and assets of $201K (revenue +30.7% year-over-year).
- 2012: Revenue of $38K, expenses of $36K, and assets of $197K (revenue -32.9% year-over-year).
- 2011: Revenue of $56K, expenses of $40K, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Heritage University:
Data Sources and Methodology
This transparency report for Washington Heritage University 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.