Washington Legal Foundation
EIN: 521071570 · Washington, DC · NTEE: I830
Is Washington Legal Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Legal Foundation
Washington Legal Foundation (EIN: 521071570) is a nonprofit organization based in Washington, DC, classified under NTEE code I830. The organization reported total revenue of $9.0M and total assets of $39.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Legal Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Legal Foundation is a mid-size nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $35.4M |
| Total Liabilities | $50K |
| Net Assets | $35.4M |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 226.5 months |
Financial Health Grade: A
In 2023, Washington Legal Foundation reported a surplus of $1.7M with revenue exceeding expenses, holds 226.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Washington Legal Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +8.4% | +11.3% |
| 2022 | +2.6% | +1.4% | -5.0% |
| 2021 | -3.1% | -9.9% | +9.0% |
| 2020 | +46.8% | -21.7% | +10.3% |
| 2019 | -30.4% | +0.3% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Legal Foundation 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 Legal Foundation 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 surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Washington Legal Foundation
Is Washington Legal Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Legal Foundation (EIN: 521071570) insufficient data. 0 red flags identified, 0 strengths noted.
How does Washington Legal Foundation spend its money?
Detailed spending breakdown data is not yet available for Washington Legal Foundation. Check back for updated IRS 990 analysis.
Are donations to Washington Legal Foundation tax-deductible?
Washington Legal Foundation is registered as a tax-exempt nonprofit (EIN: 521071570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Washington Legal Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Washington Legal Foundation's revenue has declined by 0.8%, moving from $3.6M to $3.6M. Total assets increased by 221.4% over the same period, from $11.0M to $35.4M. Total functional expenses fell by 87%, from $14.5M to $1.9M. In its most recent filing year (2023), Washington Legal Foundation reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $50K in liabilities against $35.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $35.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $1.9M | $35.4M | $50K | — | — |
| 2022 | $3.8M | $1.7M | $31.8M | $39K | — | View 990 |
| 2021 | $3.7M | $1.7M | $33.5M | $39K | — | View 990 |
| 2020 | $3.8M | $1.9M | $30.8M | $12K | — | — |
| 2019 | $2.6M | $2.4M | $27.9M | $15K | — | View 990 |
| 2018 | $3.7M | $2.4M | $26.4M | $42K | — | View 990 |
| 2017 | $4.3M | $2.5M | $25.4M | $118K | — | — |
| 2016 | $4.8M | $2.4M | $23.3M | $120K | — | View 990 |
| 2015 | $4.7M | $2.1M | $20.7M | $133K | — | View 990 |
| 2014 | $4.4M | $2.1M | $18.1M | $146K | — | View 990 |
| 2013 | $4.2M | $2.0M | $15.9M | $84K | — | View 990 |
| 2012 | $3.9M | $2.6M | $13.5M | $107K | — | View 990 |
| 2011 | $3.9M | $2.6M | $12.2M | $135K | — | View 990 |
| 2010 | $3.6M | $14.5M | $11.0M | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $1.9M, and assets of $35.4M (revenue -6.4% year-over-year).
- 2022: Revenue of $3.8M, expenses of $1.7M, and assets of $31.8M (revenue +2.6% year-over-year).
- 2021: Revenue of $3.7M, expenses of $1.7M, and assets of $33.5M (revenue -3.1% year-over-year).
- 2020: Revenue of $3.8M, expenses of $1.9M, and assets of $30.8M (revenue +46.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.4M, and assets of $27.9M (revenue -30.4% year-over-year).
- 2018: Revenue of $3.7M, expenses of $2.4M, and assets of $26.4M (revenue -13.0% year-over-year).
- 2017: Revenue of $4.3M, expenses of $2.5M, and assets of $25.4M (revenue -10.3% year-over-year).
- 2016: Revenue of $4.8M, expenses of $2.4M, and assets of $23.3M (revenue +1.5% year-over-year).
- 2015: Revenue of $4.7M, expenses of $2.1M, and assets of $20.7M (revenue +8.2% year-over-year).
- 2014: Revenue of $4.4M, expenses of $2.1M, and assets of $18.1M (revenue +4.1% year-over-year).
- 2013: Revenue of $4.2M, expenses of $2.0M, and assets of $15.9M (revenue +7.2% year-over-year).
- 2012: Revenue of $3.9M, expenses of $2.6M, and assets of $13.5M (revenue +0.8% year-over-year).
- 2011: Revenue of $3.9M, expenses of $2.6M, and assets of $12.2M (revenue +8.2% year-over-year).
- 2010: Revenue of $3.6M, expenses of $14.5M, and assets of $11.0M.
Data Sources and Methodology
This transparency report for Washington Legal Foundation 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.