Washington Street Foundation
Washington Street Foundation shows declining assets and inconsistent revenue, with expenses often exceeding income.
EIN: 208081543 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $269K |
| Total Expenses | $142K |
| Program Spending | 70% |
| Net Assets | $87K |
| Transparency Score | 65/100 |
Is Washington Street Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Street Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Washington Street Foundation
Washington Street Foundation (EIN: 208081543) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $269K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Street Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Street Foundation is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $142K |
| Surplus / Deficit | +$8K |
| Total Assets | $89K |
| Total Liabilities | $1K |
| Net Assets | $87K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2024, Washington Street Foundation reported a surplus of $8K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), Washington Street Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +30.0% | +1.6% | +25.2% |
| 2023 | -13.1% | +10.6% | -29.0% |
| 2022 | +348.0% | -5.7% | -27.9% |
| 2021 | -69.3% | +11.2% | -34.7% |
| 2020 | +463.5% | -9.0% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Washington Street Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Washington Street Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is commendable for transparency and indicates that executive salaries are not a significant drain on resources.
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 Street Foundation's IRS 990 filings:
- Consistent decline in assets from $710,896 in 2014 to $88,948 in 2024.
- Frequent periods where expenses exceed revenue (e.g., 2023, 2021, 2020, 2019, 2016, 2015).
- Highly inconsistent revenue generation, ranging from -$6,037 to $177,956 annually.
Strengths
The following positive indicators were identified for Washington Street Foundation:
- Zero officer compensation reported across all filings, indicating strong financial transparency and resource allocation away from executive pay.
- Low liabilities across most years, suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Washington Street Foundation
Is Washington Street Foundation a legitimate charity?
Washington Street Foundation (EIN: 208081543) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $269K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Washington Street Foundation spend its money?
Washington Street Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Washington Street Foundation tax-deductible?
Washington Street Foundation is registered as a tax-exempt nonprofit (EIN: 208081543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Washington Street Foundation's spending goes to programs?
Washington Street Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Washington Street Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Washington Street Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washington Street Foundation located?
Washington Street Foundation is headquartered in Phoenix, Arizona and files with the IRS under EIN 208081543. It is classified under NTEE code T20.
How many years of IRS 990 filings does Washington Street Foundation have?
Washington Street Foundation 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 $269K in total revenue.
Is Washington Street Foundation financially sustainable?
The foundation's financial sustainability is questionable given the consistent decline in assets from $710,896 in 2014 to $88,948 in 2024, and frequent periods where expenses exceed revenue, such as in 2023 ($139,709 expenses vs. $115,627 revenue).
What caused the significant drop in assets?
The significant drop in assets appears to be a result of the organization consistently spending more than it brings in, as evidenced by expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2020, 2019, 2016, 2015).
How does the organization fund its operations without officer compensation?
The organization funds its operations through its revenue streams, which have varied significantly, and by drawing down its asset reserves over time. The absence of officer compensation means more funds are available for other operational costs.
Filing History
IRS 990 filing history for Washington Street Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Washington Street Foundation's revenue has grown by 267.9%, moving from $41K to $150K. Total assets decreased by 87.1% over the same period, from $688K to $89K. Total functional expenses rose by 69.1%, from $84K to $142K. In its most recent filing year (2024), Washington Street Foundation reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1K in liabilities against $89K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $150K | $142K | $89K | $1K | — | — |
| 2023 | $116K | $140K | $71K | $2K | — | View 990 |
| 2022 | $133K | $126K | $100K | $1K | — | View 990 |
| 2021 | $30K | $134K | $139K | $18K | — | View 990 |
| 2020 | $97K | $120K | $212K | $16K | — | — |
| 2019 | $17K | $132K | $227K | $1 | — | View 990 |
| 2016 | $-6,037 | $119K | $524K | $1 | — | View 990 |
| 2015 | $63K | $118K | $646K | $1 | — | View 990 |
| 2014 | $178K | $105K | $711K | $1 | — | View 990 |
| 2013 | $122K | $111K | $657K | $1 | — | View 990 |
| 2012 | $88K | $123K | $624K | $1 | — | View 990 |
| 2011 | $41K | $84K | $688K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $150K, expenses of $142K, and assets of $89K (revenue +30.0% year-over-year).
- 2023: Revenue of $116K, expenses of $140K, and assets of $71K (revenue -13.1% year-over-year).
- 2022: Revenue of $133K, expenses of $126K, and assets of $100K (revenue +348.0% year-over-year).
- 2021: Revenue of $30K, expenses of $134K, and assets of $139K (revenue -69.3% year-over-year).
- 2020: Revenue of $97K, expenses of $120K, and assets of $212K (revenue +463.5% year-over-year).
- 2019: Revenue of $17K, expenses of $132K, and assets of $227K.
- 2016: Revenue of $-6,037, expenses of $119K, and assets of $524K (revenue -109.5% year-over-year).
- 2015: Revenue of $63K, expenses of $118K, and assets of $646K (revenue -64.5% year-over-year).
- 2014: Revenue of $178K, expenses of $105K, and assets of $711K (revenue +45.4% year-over-year).
- 2013: Revenue of $122K, expenses of $111K, and assets of $657K (revenue +39.6% year-over-year).
- 2012: Revenue of $88K, expenses of $123K, and assets of $624K (revenue +114.7% year-over-year).
- 2011: Revenue of $41K, expenses of $84K, and assets of $688K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Street Foundation:
Data Sources and Methodology
This transparency report for Washington Street 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.