Washington Heritage University

Analysis

Washington Heritage University is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in November 1994, 32 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 Heritage University reported income of $844k and spending of $983k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.1m to $844k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2021, when income rose by 143%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Heritage University sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include William Holland Retreat Inc ($844k), Bates Technical College Foundation ($844k) and Sipe Ministries Inc ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $12k (1.3% of expenses). Other salaries and wages came to $267k. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $12k. It reported 17 employees.