Washington Market School
Washington Market School shows consistent asset growth and stable operations, with recent expenses slightly exceeding revenue.
EIN: 133134024 · New York, NY · NTEE: B21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.3M |
| Total Expenses | $9.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9M |
| Net Assets | $24.4M |
| Transparency Score | 85/100 |
Is Washington Market School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Market School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Market School
Washington Market School (EIN: 133134024) is a nonprofit organization based in New York, NY, classified under NTEE code B21Z. The organization reported total revenue of $14.3M and total assets of $44.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Market School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Market School is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $9.3M |
| Surplus / Deficit | $-152,652 |
| Total Assets | $43.1M |
| Total Liabilities | $18.7M |
| Net Assets | $24.4M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 43.3% |
| Months of Reserves | 55.6 months |
Financial Health Grade: B
In 2023, Washington Market School reported a deficit of $153K with expenses exceeding revenue, holds 55.6 months of operating reserves (strong position), has a debt-to-asset ratio of 43.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Market School's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | -2.3% | +34.9% |
| 2022 | +2.4% | +4.7% | -11.2% |
| 2021 | +5.0% | +1.7% | +14.3% |
| 2020 | -5.5% | +5.8% | +2.2% |
| 2019 | +6.5% | +3.6% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Market School with a Mission Score of 85 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, Washington Market 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 deficit of $153K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all 13 periods, which is unusual for an organization of this size ($9M+ in annual expenses) and suggests either a fully volunteer executive leadership or that compensation is categorized differently within the filings.
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 Market School's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization with over $9M in annual expenses, which is highly unusual and may obscure actual executive remuneration if it's categorized elsewhere.
- Expenses slightly exceeded revenue in the latest 2023 filing ($9.29M expenses vs. $9.14M revenue), a minor deficit that warrants monitoring.
Strengths
The following positive indicators were identified for Washington Market School:
- Strong and consistent asset growth, more than doubling from $20.8M in 2014 to $43.1M in 2023, indicating robust financial management.
- Long history of IRS 990 filings (13 periods), demonstrating consistent reporting and transparency.
- Generally stable financial operations with revenue typically outpacing expenses over the past decade.
- Likely high program spending efficiency, typical for educational institutions, contributing to its mission.
Frequently Asked Questions about Washington Market School
Is Washington Market School a legitimate charity?
Washington Market School (EIN: 133134024) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Washington Market School spend its money?
Washington Market School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Washington Market School tax-deductible?
Washington Market School is registered as a tax-exempt nonprofit (EIN: 133134024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Washington Market School CEO make?
Washington Market School's highest-compensated officer earns $9M annually. The organization reported $14.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Washington Market School's spending goes to programs?
Washington Market School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washington Market School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Washington Market School is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington Market School located?
Washington Market School is headquartered in New York, New York and files with the IRS under EIN 133134024. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Washington Market School have?
Washington Market School 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 $14.3M in total revenue.
Is Washington Market School a good charity?
Based on its financial stability, consistent asset growth from $20.8M in 2014 to $43.1M in 2023, and likely strong program spending (typical for educational institutions), it appears to be a well-managed organization. The consistent reporting of zero officer compensation is a unique aspect that could be viewed positively for resource allocation.
How does Washington Market School manage its executive compensation?
All available IRS 990 filings indicate 0% officer compensation, which is highly unusual for an organization with annual expenses exceeding $9 million. This suggests either a volunteer-led executive team or that executive compensation is reported under different expense categories.
What is the trend in Washington Market School's financial health?
The organization has shown strong financial health over the past decade, with assets more than doubling from $20.8 million in 2014 to $43.1 million in 2023. While the latest filing shows a slight deficit (expenses $9.29M vs. revenue $9.14M), this is a minor fluctuation within a broader trend of growth and stability.
Is Washington Market School transparent about its finances?
With 13 publicly available IRS 990 filings, the organization provides a comprehensive financial history. The consistent reporting of zero officer compensation is a specific detail that, while potentially positive, could also warrant further clarification for complete transparency regarding leadership compensation structure.
Filing History
IRS 990 filing history for Washington Market School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Market School's revenue has grown by 35.6%, moving from $6.7M to $9.1M. Total assets increased by 208.4% over the same period, from $14.0M to $43.1M. Total functional expenses rose by 80.6%, from $5.2M to $9.3M. In its most recent filing year (2023), Washington Market School reported a deficit of $153K, with expenses exceeding revenue. The organization holds $18.7M in liabilities against $43.1M in assets (debt-to-asset ratio: 43.3%), resulting in net assets of $24.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $9.3M | $43.1M | $18.7M | — | View 990 |
| 2022 | $10.3M | $9.5M | $32.0M | $7.9M | — | View 990 |
| 2021 | $10.1M | $9.1M | $36.0M | $8.4M | — | View 990 |
| 2020 | $9.6M | $8.9M | $31.5M | $7.2M | — | — |
| 2019 | $10.2M | $8.4M | $30.8M | $9.0M | — | View 990 |
| 2018 | $9.6M | $8.1M | $28.9M | $8.4M | — | View 990 |
| 2017 | $8.6M | $7.9M | $27.2M | $8.3M | — | View 990 |
| 2016 | $8.4M | $6.7M | $25.2M | $7.7M | — | View 990 |
| 2015 | $7.8M | $6.2M | $22.8M | $7.3M | — | View 990 |
| 2014 | $7.4M | $6.2M | $20.8M | $7.0M | — | View 990 |
| 2013 | $6.8M | $5.5M | $18.1M | $5.7M | — | View 990 |
| 2012 | $6.8M | $5.5M | $16.5M | $5.0M | — | View 990 |
| 2011 | $6.7M | $5.2M | $14.0M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $9.3M, and assets of $43.1M (revenue -11.5% year-over-year).
- 2022: Revenue of $10.3M, expenses of $9.5M, and assets of $32.0M (revenue +2.4% year-over-year).
- 2021: Revenue of $10.1M, expenses of $9.1M, and assets of $36.0M (revenue +5.0% year-over-year).
- 2020: Revenue of $9.6M, expenses of $8.9M, and assets of $31.5M (revenue -5.5% year-over-year).
- 2019: Revenue of $10.2M, expenses of $8.4M, and assets of $30.8M (revenue +6.5% year-over-year).
- 2018: Revenue of $9.6M, expenses of $8.1M, and assets of $28.9M (revenue +11.6% year-over-year).
- 2017: Revenue of $8.6M, expenses of $7.9M, and assets of $27.2M (revenue +1.7% year-over-year).
- 2016: Revenue of $8.4M, expenses of $6.7M, and assets of $25.2M (revenue +7.5% year-over-year).
- 2015: Revenue of $7.8M, expenses of $6.2M, and assets of $22.8M (revenue +5.2% year-over-year).
- 2014: Revenue of $7.4M, expenses of $6.2M, and assets of $20.8M (revenue +10.2% year-over-year).
- 2013: Revenue of $6.8M, expenses of $5.5M, and assets of $18.1M (revenue +0.1% year-over-year).
- 2012: Revenue of $6.8M, expenses of $5.5M, and assets of $16.5M (revenue +0.1% year-over-year).
- 2011: Revenue of $6.7M, expenses of $5.2M, and assets of $14.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Market School:
Data Sources and Methodology
This transparency report for Washington Market 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.