Cultural Development Corporation of the District of Columbia

Analysis

Cultural Development Corporation of the District of Columbia is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Cultural Development Corporation of the District of Columbia reported income of $951k and spending of $1.2m, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $842k to $951k (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Development Corporation of the District of Columbia sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Friends of the Bohm Theatre ($951k), Suzuki Institute of Dallas ($952k) and Museum of Appalachia ($951k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $319k. At year end it held assets of $2.9m against liabilities of $2.5m, net assets of $437k. It reported 5 employees.