Convergence Center for Policy Resolution

Analysis

Convergence Center for Policy Resolution is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Convergence Center for Policy Resolution reported income of $1.4m and spending of $4.0m, spending 294% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.4m (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 346%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Convergence Center for Policy Resolution sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include Saddleback College Foundation ($1.4m), Idiil Learning Foundation ($1.4m) and Charleston Promise Neighborhood ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $910k (23% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $608k against liabilities of $186k, net assets of $421k. It reported 34 employees.