Corporation of the Washington Latin School

Analysis

Corporation of the Washington Latin School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corporation of the Washington Latin School reported income of $25.3m and spending of $21.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $25.3m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corporation of the Washington Latin School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Universidad Central Del Caribe Inc ($25.3m), Philander Smith College ($25.3m) and Pennsylvania Distance Learning Charter School ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $255k (1.2% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $57.3m against liabilities of $35.0m, net assets of $22.4m. It reported 242 employees.