Council on Competitiveness

Analysis

Council on Competitiveness is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Council on Competitiveness reported income of $4.4m and spending of $3.6m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.4m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council on Competitiveness sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Aiding Women From Abuse and Rape Emergencies Inc ($4.4m), Boys and Girls Club of Worcester ($4.4m) and Mountain Cap of West Virginia Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.0m (29% of expenses). Other salaries and wages came to $83k. At year end it held assets of $4.2m against liabilities of $2.8m, net assets of $1.4m. It reported 5 employees.