Washoe School Principals Association
Washoe School Principals Association experiences recent deficit spending despite historical financial stability and volunteer leadership.
EIN: 205887970 · Reno, NV · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $207K |
| Program Spending | 80% |
| Net Assets | $399K |
| Transparency Score | 75/100 |
Is Washoe School Principals Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washoe School Principals Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washoe School Principals Association
Washoe School Principals Association (EIN: 205887970) is a nonprofit organization based in Reno, NV, classified under NTEE code J40. The organization reported total revenue of $123K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washoe School Principals Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washoe School Principals Association is a small nonprofit that has been operating for 3 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $207K |
| Surplus / Deficit | $-68,419 |
| Total Assets | $399K |
| Net Assets | $399K |
| Operating Margin | -49.3% |
| Months of Reserves | 23.1 months |
Financial Health Grade: B
In 2023, Washoe School Principals Association reported a deficit of $68K with expenses exceeding revenue, holds 23.1 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2012–2023), Washoe School Principals Association's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.7% | +452.6% | -13.5% |
| 2018 | -0.2% | +14.2% | +6.6% |
| 2018 | +5.9% | -14.5% | +11.0% |
| 2017 | +4.8% | +15.2% | +9.2% |
| 2016 | -3.8% | -40.3% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2023 |
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 Washoe School Principals Association with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Washoe School Principals Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $68K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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 Washoe School Principals Association's IRS 990 filings:
- Significant deficit spending in the most recent period (202312 expenses $207,105 vs. revenue $138,686)
- Lack of detailed expense breakdown in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Washoe School Principals Association:
- Consistent volunteer leadership with 0% officer compensation across all filings.
- Maintains a healthy asset base, reaching $398,573 in 202312.
- Consistently reports $0 in liabilities, indicating strong debt management.
- Historical financial stability with revenues often exceeding expenses in earlier periods (e.g., 201812 revenue $75,105 vs. expenses $37,476).
Frequently Asked Questions about Washoe School Principals Association
Is Washoe School Principals Association a legitimate charity?
Washoe School Principals Association (EIN: 205887970) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $123K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Washoe School Principals Association spend its money?
Washoe School Principals Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Washoe School Principals Association tax-deductible?
Washoe School Principals Association is registered as a tax-exempt nonprofit (EIN: 205887970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Washoe School Principals Association's spending goes to programs?
Washoe School Principals Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Washoe School Principals Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Washoe School Principals Association is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Washoe School Principals Association located?
Washoe School Principals Association is headquartered in Reno, Nevada and files with the IRS under EIN 205887970. It is classified under NTEE code J40.
How many years of IRS 990 filings does Washoe School Principals Association have?
Washoe School Principals Association has 9 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 $123K in total revenue.
Is Washoe School Principals Association a good charity?
Based on the available data, the Washoe School Principals Association appears to be a well-managed organization in terms of volunteer leadership (0% officer compensation) and debt management (0 liabilities). However, recent deficit spending (e.g., 202312 expenses of $207,105 against revenue of $138,686) warrants further investigation into the nature of these expenses.
What caused the significant increase in expenses in 2023?
The provided data does not detail the specific categories of expenses. In 202312, expenses jumped to $207,105 from previous levels, which were typically below $60,000. Further investigation into the 990 filing's expense breakdown would be needed to understand this increase.
How does the organization fund its operations given recent deficits?
While the 202312 period showed a deficit, the organization has a substantial asset base, reaching $398,573 in 202312. It's possible that the deficit was covered by drawing down on these accumulated assets or that the revenue cycle is not perfectly aligned with the expense cycle within a single reporting period.
Filing History
IRS 990 filing history for Washoe School Principals Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Washoe School Principals Association's revenue has grown by 144.7%, moving from $57K to $139K. Total assets increased by 24.3% over the same period, from $321K to $399K. Total functional expenses rose by 659.9%, from $27K to $207K. In its most recent filing year (2023), Washoe School Principals Association reported a deficit of $68K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $207K | $399K | $0 | — | View 990 |
| 2018 | $75K | $37K | $461K | $0 | — | View 990 |
| 2018 | $75K | $33K | $432K | $0 | — | — |
| 2017 | $71K | $38K | $389K | $0 | — | — |
| 2016 | $68K | $33K | $357K | $0 | — | — |
| 2015 | $71K | $56K | $322K | $0 | — | — |
| 2014 | $63K | $110K | $297K | $0 | — | View 990 |
| 2013 | $65K | $42K | $344K | $0 | — | View 990 |
| 2012 | $57K | $27K | $321K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $207K, and assets of $399K (revenue +84.7% year-over-year).
- 2018: Revenue of $75K, expenses of $37K, and assets of $461K (revenue -0.2% year-over-year).
- 2018: Revenue of $75K, expenses of $33K, and assets of $432K (revenue +5.9% year-over-year).
- 2017: Revenue of $71K, expenses of $38K, and assets of $389K (revenue +4.8% year-over-year).
- 2016: Revenue of $68K, expenses of $33K, and assets of $357K (revenue -3.8% year-over-year).
- 2015: Revenue of $71K, expenses of $56K, and assets of $322K (revenue +11.8% year-over-year).
- 2014: Revenue of $63K, expenses of $110K, and assets of $297K (revenue -2.7% year-over-year).
- 2013: Revenue of $65K, expenses of $42K, and assets of $344K (revenue +14.4% year-over-year).
- 2012: Revenue of $57K, expenses of $27K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washoe School Principals Association:
Data Sources and Methodology
This transparency report for Washoe School Principals Association 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.