The Washington Center for Internships and Academic Seminars

Analysis

The Washington Center for Internships and Academic Seminars is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1975, 51 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 December 2023, The Washington Center for Internships and Academic Seminars reported income of $19.1m and spending of $19.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.7m to $19.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Washington Center for Internships and Academic Seminars 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 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Catholic Family & Community Services ($19.1m), Saratoga Regional Young Mens Christian Association ($19.1m) and Central Clinic Inc ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (6.3% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $34.4m against liabilities of $28.8m, net assets of $5.6m. It reported 412 employees.