Washington College: $94.4M Revenue, $79.1M Program Expenses
Chestertown, Maryland · EIN 520591691 · Filing year 2023
Washington College reported $94.4M in total revenue, $101.4M in total expenses, and $491.0M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($79.1M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $94.4M
- Total Expenses
- $101.4M
- Program Expenses
- $79.1M
- Program Expense Ratio
- 78.0%
- Total Assets
- $491.0M
- Reserve Months
- 58.1 months
- EIN
- 520591691
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The composite efficiency score of 63/100 puts Washington College at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).
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. Washington College directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
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. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. 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 ratios should be read.
How Washington College Compares
Washington College directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 11 points below the Education category average. The organization holds 58.1 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Washington College, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Washington College has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Washington College, Donor FAQ
Washington College has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Washington College is not reported in the most recent IRS 990 filing on file.
Washington College reported $94.4M in annual revenue and $101.4M in total expenses for filing year 2023. The organization holds $491.0M in total assets.
For every dollar donated to Washington College, approximately 78.0 cents goes to program activities. The organization has 58.1 months of operating reserves, providing financial stability to sustain its mission.
Washington College is a registered 501(c) organization with EIN 520591691, based in Chestertown, Maryland. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.