Employee Ownership Foundation Inc

Analysis

Employee Ownership Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Employee Ownership Foundation Inc reported income of $1.1m and spending of $931k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $1.1m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Employee Ownership Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Labor Institute Inc ($1.1m), Exchange Club Child Abuse Preven- Tion Center-Aware Central Texas ($1.1m) and Presbyterian Counseling Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. At year end it held assets of $2.1m against liabilities of $58k, net assets of $2.1m.