Downtown Cluster of Congregations Inc

Analysis

Downtown Cluster of Congregations Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Cluster of Congregations Inc reported income of $238k and spending of $254k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $238k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Cluster of Congregations Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Childrens Leukemia Research Association Inc ($238k), Little League Baseball Inc ($238k) and Exeter Volunteer Fire Co No 2 ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $117k (46% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.1m against liabilities of $4,155, net assets of $1.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.