Democratic Socialists of America Fund Inc

Analysis

Democratic Socialists of America Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 December 2023, Democratic Socialists of America Fund Inc reported income of $412k and spending of $363k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $210k to $412k (+96%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Democratic Socialists of America Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Handicraft Club Inc ($412k), Porch Writers Collective ($412k) and Florida Water Resources Journal Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $177k. At year end it held assets of $718k against liabilities of $56k, net assets of $662k. It reported 2 employees.