Consortium of Universities of the Washington Metropolitan Area

Analysis

Consortium of Universities of the Washington Metropolitan Area is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2023, Consortium of Universities of the Washington Metropolitan Area reported income of $5.3m and spending of $5.7m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.9m to $5.3m (+8.5%), an average of +2.8% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Consortium of Universities of the Washington Metropolitan Area sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Virginia Peninsula Community College Educational Foundation ($5.3m), Keystone Education Center ($5.3m) and Suny Polytechnic Institute Auxiliary Services Corporation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $824k (15% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.3m. It reported 117 employees.