Washington & Lee University: $276.6M Revenue, $215.9M Program Expenses

The efficiency rubric puts Washington & Lee University at a B grade: a composite of 68/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Annual revenue at Washington & Lee University runs $276.6M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Washington & Lee University directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue is essentially flat — Washington & Lee University's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. 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 & Lee University 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.