Washington College: $94.4M Revenue, $101.4M Expenses

Washington College pulls a D on the efficiency rubric. The composite of 47/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Washington College reported $94.4M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, Washington College runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Washington College reports $1.5M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $94.4M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Washington College sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.