Washington Community Fund Inc

Analysis

Washington Community Fund Inc is a registered charity in United States, based in Washington, CT. It received its IRS tax-exemption ruling in January 1953, 73 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Washington Community Fund Inc reported income of $139k and spending of $124k, spending 89% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $273k to $139k (-49%), an average of -16% a year. The sharpest change came in the year to March 2021, when income rose by 136%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington Community Fund Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Greenwood Education Foundation Inc ($139k), Pueblo Library Foundation ($139k) and Addison Township Foundation ($139k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.