College Success Foundation-District of Columbia

Analysis

College Success Foundation-District of Columbia is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, College Success Foundation-District of Columbia reported income of $2.0m and spending of $2.7m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Success Foundation-District of Columbia sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Landmark Columbus Foundation Inc ($2.0m), The American Spectator Foundation Don Rieck ($2.0m) and Ohio Institute of Allied Health Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $483k (18% of expenses). Other salaries and wages came to $698k. At year end it held assets of $8.3m against liabilities of $2.9m, net assets of $5.4m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.