Foggy Bottom Association

Analysis

Foggy Bottom Association is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1983, 43 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, Foggy Bottom Association reported income of $78k and spending of $74k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $78k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foggy Bottom Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 15th percentile within DC. Charities of a similar size with the same main cause include Tanveer Foundation Inc ($78k), Chong Wa Education Society ($78k) and Northumberland County Historical Society Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $189k against liabilities of $31k, net assets of $157k.