Trust for the National Mall

Analysis

Trust for the National Mall is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, 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, Trust for the National Mall reported income of $12.8m and spending of $17.2m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.8m to $12.8m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 422%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trust for the National Mall sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Boyce Thompson Institute for Plant Research Inc ($12.8m), Wqed Multimedia ($12.8m) and Strathmore Hall Foundation Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $861k (5.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $33.1m against liabilities of $6.9m, net assets of $26.2m. It reported 34 employees.