Public Access Corporation of the District of Columbia

Analysis

Public Access Corporation of the District of Columbia is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 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, Public Access Corporation of the District of Columbia reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.5m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Access Corporation of the District of Columbia sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Pennsylvania Trolley Museum Inc ($3.5m), Dallas White Rock Marathon ($3.5m) and Meridian Community College FDN ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $200k (6.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.4m against liabilities of $1.2m, net assets of $10.2m. It reported 18 employees.