Washburn School Inc

Analysis

Washburn School Inc is a registered charity in United States, based in Coto Laurel, PR. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Washburn School Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $943k to $1.7m (+78%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washburn School Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 78th percentile within PR. Charities of a similar size with the same main cause include Rogue Community College Foundation ($1.7m), Fotc -- Los Angeles ($1.7m) and Lake Land College Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $593k, net assets of $415k. It reported 34 employees.