Education (B420) IRS Verified DX Registered 990 on File

WASHINGTON COLLEGE

EIN: 52-0591691 · CHESTERTOWN, MD 21620-1438 · United States · FY 2023 Data

3 out of 5 57 / 100 Based on 2+ years of filings

Financial strength (30%) 81/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Washington College challenges and inspires emerging citizen leaders to discover lives of purpose and passion. Core Values Integrity. Determination. Curiosity. Civility. Leadership. Moral Courage. Our program shares these values with our founding patron, George Washington. We offer academic rigor and self-discovery in a supportive residential community of well-qualified, diverse, and motivated individuals. It is our goal to develop habits of analytic thought, clear communication, aesthetic insight, ethical sensitivity, and civic responsibility in our students. Unhurried conversation and close connections with our exceptional faculty and staff add enrichment to our broad curriculum of study. A beautiful campus, ready access to exciting cities and the Chesapeake Bay, and engagement with cultures and communities both local and global offer our students ample opportunity for personal exploration and shared challenges. We prepare our students for rich and fulfilling lives; for myriad and unpredictable opportunities; for a lifetime of learning, leadership, and productive endeavor. Our Vision The enduring values of Washington College – critical thinking, effective communication, and moral courage – move the world.

Financial Overview — FY 2023

$94.4M

Total Revenue

$101.4M

Total Expenses

$405.2M

Net Assets

1203

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 82.3%

Fundraising Efficiency N/A

Operating Reserve 47.94x

Liability-to-Asset 17.5%

Revenue Diversification 63.7%

Executive Compensation $1.5M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	82.3%	87.4%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	15.9%	10.5%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.8%	1.3%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	47.9 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	17.5%	27.0%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	63.7%	84.6%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-28.3%	-2.0%	P10P90
Expense growth Year over year expense growth	9.2%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	-7.5%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$94.4M	$101.4M	$405.2M	82.3%	1203
2022	$131.6M	$92.9M	$403.8M	84.0%	1095
2021	$93.6M	$86.0M	N/A	—	1193

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Organization Details

EIN: 52-0591691
State: MD
City: CHESTERTOWN
ZIP: 21620-1438
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1936
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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