Washington DC Economic Partnership

Analysis

Washington DC Economic Partnership is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2001, 25 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, Washington DC Economic Partnership reported income of $4.5m and spending of $4.1m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $4.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington DC Economic Partnership sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Family Works ($4.5m), Hedco Inc ($4.5m) and Region 10 League for Economic Assistance & Planning Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $354k (8.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $2.9m, net assets of $566k. It reported 18 employees.