Jung Society of Washington

Analysis

Jung Society of Washington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1988, 38 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, Jung Society of Washington reported income of $344k and spending of $362k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $344k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jung Society of Washington sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Wildlife Care Asso ($344k), Clark County Historical Society ($344k) and Mental Health Center Housing Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $98k. At year end it held assets of $231k against liabilities of $0, net assets of $231k. It reported 6 employees.