Committee for a Responsible Federal Budget

Analysis

Committee for a Responsible Federal Budget is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Committee for a Responsible Federal Budget reported income of $4.1m and spending of $4.9m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $4.1m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Committee for a Responsible Federal Budget sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Ser-Jobs for Progress Inc ($4.1m), Pioneer Technology and Arts Academy of Colorado ($4.1m) and United Way of Central Minnesota ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $1.1m (21% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.8m against liabilities of $361k, net assets of $4.4m. It reported 42 employees.