Fund for Endowment of Diplomatic Reception Rooms of Dept of State

Analysis

Fund for Endowment of Diplomatic Reception Rooms of Dept of State is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fund for Endowment of Diplomatic Reception Rooms of Dept of State reported income of $972k and spending of $697k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $494k to $972k (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for Endowment of Diplomatic Reception Rooms of Dept of State sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Pacific Opera Project Incorporated ($972k), Express Yourself Inc ($972k) and Swedish Club Foundation ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $8.4m against liabilities of $20k, net assets of $8.4m.