Foundation for Accountability and Civic Trust

Analysis

Foundation for Accountability and Civic Trust is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 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, Foundation for Accountability and Civic Trust reported income of $412k and spending of $485k, spending 118% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $600k to $412k (-31%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Accountability and Civic Trust sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Mosaic Education Initiative ($412k), Women Empowering Women for the Next Generation Ministries ($413k) and Bridgton Public Library ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,901 against liabilities of $0, net assets of $9,901.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.