Continental Societies Inc

Analysis

Continental Societies Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Continental Societies Inc reported income of $486k and spending of $555k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $654k to $486k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income dropped by 41%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Continental Societies Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 43rd percentile within DC. Charities of a similar size with the same main cause include Lyme Art Assoc Inc ($486k), Seaford District Library ($486k) and Highlandtown Volunteer Fire Department Incorporated ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $567k against liabilities of $0, net assets of $567k.