WASHINGTON MONTHLY INSTITUTE

EIN: 800434806 501(c)(3) Social Science

WASHINGTON, DC

Total Revenue
$2,075,875
Total Expenses
$1,490,425
Total Assets
$2,123,063
Net Assets
$1,685,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DC
Principal Officer
PAUL GLASTRIS
Phone
2029559010
Tax Period
2024-01-01 to 2024-12-31

WASHINGTON MONTHLY INSTITUTE, founded in 2010, is a community nonprofit in the Social Science sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 28% operating margin.

Mission

DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM PUBLISHED SINCE 1969, THE PRINT MAGAZINE IS THE COUNTRY'S MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT, FOCUSING ON WHAT'S WRONG AND HOW TO FIX IT.

Program Service Accomplishments

Program 1
Expenses: $1,192,342

WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY'S MEDIA OUTLET IS CELEBRATING ITS 56TH YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND...

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WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY'S MEDIA OUTLET IS CELEBRATING ITS 56TH YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND FEWER PUBLICATIONS DO TODAY: TELLING FASCINATING, DEEPLY REPORTED GROUNDBREAKING STORIES ABOUT THE PROBLEMS PREVENTING US FROM MOVING FORWARD AS A NATION AND PROVIDING THE INTELLECTUAL TOOLS NECESSARY TO REFORM OUR GOVERNMENT INSTITUTIONS AND ENHANCE THEIR PERFORMANCE. NO OTHER OUTLET DOES A BETTER JOB OF LOOKING AT THE IDEAS AND CHARACTERS THAT ANIMATE AMERICA'S GOVERNMENT, POLITICS, AND CULTURE. AMONG THE TOPICS COVERED DURING 2024 AGAIN WERE: WHAT TO DO ABOUT THE INCREASING DOMINANCE OF CORPORATE GOLIATHS; SAVING LOCAL JOURNALISM; REFORMING FEDERAL BUREAUCRACIES; CONGRESS AND ELECTORAL REFORM; THE PEOPLE AND IDEAS RESHAPING HIGHER EDUCATION; AND VOTE-BY-MAIL (A POLICY WE HAVE LONG ADVOCATED AND CHAMPIONED);. THE WASHINGTON MONTHLY INSTITUTE'S WORK GARNERED NATIONAL ATTENTION - IN THE MEDIA, ON SOCIAL MEDIA, AND ON CAPITOL HILL, WHERE WE HAND-DELIVER THREE COPIES OF EACH ISSUE OF OUR PRINT MAGAZINE. WE ALSO CONTINUE TO PUBLISH THE WIDELY ACCLAIMED COLLEGE GUIDE AND RANKINGS, FEATURING DEEPLY REPORTED ARTICLES ON HIGHER EDUCATION FOR UNDERGRADS, ADULT LEARNERS, AND CERTIFICATE SEEKS. THE GUIDE'S RANKINGS OF COLLEGES AND UNIVERSITIES ARE BASED ON EACH INSTITUTION'S ABILITY TO ENROLL AND GRADUATE STUDENTS OF MODEST MEANS WHILE FOSTERING COMMUNITY SERVICE AND RESEARCH PRODUCTION. SINCE THESE RANKINGS WERE FIRST PUBLISHED IN 2005 THEY HAVE STEADILY GROWN IN INFLUENCE AND PUBLIC AWARENESS. THE WASHINGTON MONTHLY MEDIA OUTLET IS KNOWN FOR HAVING LAUNCHED THE CAREERS OF JOURNALISTS WHO HAVE RISEN TO THE PINNACLE OF THE PROFESSION AND CONTINUES TO TRAIN YOUNG JOURNALISTS WHO GO ON TO POPULATE THE MAINSTREAM MEDIA. FEATURED STORIES AND WHITE PAPERS HIGHLIGHT ISSUES AND FRAME ARGUMENTS THAT ARE OFTEN PICKED UP BY OTHER MEDIA OUTLETS MONTHS OR EVEN YEARS LATER, WHILE OUR WEBSITE (WWW.WASHINGTONMONTHLY.COM) PROVIDES ONLINE COMMENTARY AND ANALYSIS THAT'S INFORMATIVE, UNIQUE, AND LASER-FOCUSED ON THE CHALLENGING ISSUES FACING OUR DEMOCRACY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,793,525
Program Service Revenue $240,203
Investment Income $26,620
Other Revenue $15,527
TOTAL REVENUE $2,075,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $825,297
Fundraising Expenses $0
Program Expenses $1,192,342
Other Expenses $665,128
TOTAL EXPENSES $1,490,425

Year-over-Year Comparison

2024 2023 Change
Revenue $2,075,875 $703,068 +2.0%
Expenses $1,490,425 $1,482,400 +0.0%
Net Income $585,450 $-779,332 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
10
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$247,667
Total Directors
6
$147,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL GLASTRIS EDITOR IN CH 40.00
Officer Director
$147,667 $0 $147,667
NICHOLAS LEMANN CHAIR 2.00
Officer Director
$0 $0 $0
STEVEN WALDMAN DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE COTTLE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL SORRELL DIRECTOR 2.00
Director
$0 $0 $0
TERRY EDMONDS DIRECTOR 2.00
Director
$0 $0 $0
ALICE GALLIN-DWYER DEPUTY DIREC 40.00
Officer
$100,000 $0 $100,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,075,875 $1,490,425 $2,123,063 $585,450
2023 $703,068 $1,482,400 $1,594,194 $-779,332
2022 $2,014,906 $1,409,890 $2,484,190 $605,016
2021 $1,245,294 $1,411,379 $1,544,284 $-166,085
2020 $2,050,595 $1,228,882 $1,796,929 $821,713
2019 $838,081 $1,259,224 $908,495 $-421,143
2018 $1,815,573 $1,167,291 $1,206,018 $648,282
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