Washington Center for Equitable Growth Inc

Analysis

Washington Center for Equitable Growth Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 Center for Equitable Growth Inc reported income of $6.3m and spending of $7.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.9m to $6.3m (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Center for Equitable Growth Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Health and Environmental Sciences Institute ($6.3m), East Bay Center for the Performing Arts ($6.4m) and Whyhunger Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $720k (9.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $7.5m against liabilities of $988k, net assets of $6.6m. It reported 50 employees.