Companies for Causes

Analysis

Companies for Causes is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Companies for Causes reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $1.1m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Companies for Causes sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Concord Montessori School ($1.1m), Literacy Volunteers of Maricopa County Inc ($1.1m) and Nassau Bar Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $412k. At year end it held assets of $749k against liabilities of $151k, net assets of $598k. It reported 5 employees.