Washington Regional Association of Grantmakers

Analysis

Washington Regional Association of Grantmakers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Washington Regional Association of Grantmakers reported income of $3.9m and spending of $5.7m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.9m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington Regional Association of Grantmakers sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 77th percentile within DC. Charities of a similar size with the same main cause include Seafair Charitable Foundation ($3.9m), California State University Foundation ($3.9m) and Minnesota Council of Nonprofits Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $224k (3.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $1.8m, net assets of $1.9m. It reported 39 employees.