Bikur Cholim of Greater Washington Inc

Analysis

Bikur Cholim of Greater Washington Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bikur Cholim of Greater Washington Inc reported income of $767k and spending of $605k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $767k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bikur Cholim of Greater Washington Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Edc 413works Inc ($767k), Phelps County Hospital Foundation ($768k) and Progress Trust Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $126k (21% of expenses). Other salaries and wages came to $122k. It paid $25k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $35k, net assets of $2.6m. It reported 3 employees.