Greater Washington Community Foundation

Analysis

Greater Washington Community Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1974, 52 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 2023, Greater Washington Community Foundation reported income of $93.5m and spending of $107.4m, spending 115% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $78.1m to $93.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to March 2021, when income rose by 95%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Washington Community Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Colorado Gives Foundation ($92.6m), New Hampshire Charitable Foundation ($93.7m) and Jewish Federation of Metropolitan Detroit ($91.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $1.0m (1.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $477.3m against liabilities of $13.4m, net assets of $463.9m. It reported 41 employees.