The Economic Club of Washington DC

Analysis

The Economic Club of Washington DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 June 2023, The Economic Club of Washington DC reported income of $6.9m and spending of $6.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.6m to $6.9m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Economic Club of Washington DC sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include McEachern Endowment Fund Inc ($6.9m), New England Homes for the Deaf Inc ($6.9m) and American Council for Technology ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $768k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.6m against liabilities of $3.4m, net assets of $11.2m. It reported 20 employees.