Washington University of Virginia Inc

Analysis

Washington University of Virginia Inc is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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, Washington University of Virginia Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.1m to $2.4m (-20%), an average of -7.4% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington University of Virginia Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include The Montessori School ($2.4m), Topeka Civic Theatre and Academy Inc ($2.4m) and Schuyler Center for Analysis and Advocacy Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $243k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.2m against liabilities of $2.9m, net assets of $6.3m. It reported 82 employees.