Georgetown Heritage

Analysis

Georgetown Heritage is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Georgetown Heritage reported income of $957k and spending of $921k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $908k to $957k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to September 2020, when income rose by 67%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgetown Heritage sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include California Community Economic Development Association ($957k), Pennsylvania State Association of County Fairs ($957k) and Fps-The International Organization for Fluid PWR & Motion Cont Prof ($956k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $405k. At year end it held assets of $2.6m against liabilities of $518k, net assets of $2.1m. It reported 16 employees.