University of DC Foundation

Analysis

University of DC Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, University of DC Foundation reported income of $3.8m and spending of $3.5m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.8m (+50%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of DC Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Jewish News Service Inc ($3.8m), Caucus Educational Corporation Inc ($3.8m) and Nabu Global Inc ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $155k (4.4% of expenses). Other salaries and wages came to $9,489. It paid $40k in professional fundraising fees. At year end it held assets of $18.3m against liabilities of $228k, net assets of $18.0m.