Washington Nationals Philanthropies

Analysis

Washington Nationals Philanthropies is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Washington Nationals Philanthropies reported income of $7.2m and spending of $5.7m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $7.2m (+191%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 118% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Washington Nationals Philanthropies 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 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include National Eczema Association ($7.2m), Florida Achievement Support Trust ($7.3m) and Big Brothers Big Sisters Association of Florida Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $525k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $11.1m against liabilities of $666k, net assets of $10.4m.