MIT Club of Washington DC Inc

Analysis

MIT Club of Washington DC Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, MIT Club of Washington DC Inc reported income of $77k and spending of $83k, spending 107% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $67k to $77k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MIT Club of Washington DC Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Raymond Schools Foundation ($77k), Oak Creek Elementary PTO ($78k) and North Side High Legacy Foundation ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 55% of the total. At year end it held assets of $108k against liabilities of $25k, net assets of $83k.