Anacostia Business Improvement District Corporation

Analysis

Anacostia Business Improvement District Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anacostia Business Improvement District Corporation reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $1.5m (+209%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anacostia Business Improvement District Corporation 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 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include TPC Social Ventures Inc ($1.5m), Ideal Industries Inc ($1.5m) and Sunshine Industries Unlimited Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $354k. At year end it held assets of $4.3m against liabilities of $3.0m, net assets of $1.2m. It reported 5 employees.