Washington Revels Inc

Analysis

Washington Revels Inc is a registered charity in United States, based in Olen Echo, MD. It received its IRS tax-exemption ruling in July 2001, 25 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 June 2023, Washington Revels Inc reported income of $746k and spending of $683k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $792k to $746k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Revels Inc sits at the 83rd percentile: it is larger than about 82% 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 Atchison Amelia Earhart Foundation ($746k), Oromia 11 ($747k) and Tribal Nations Research Group ($746k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $128k. At year end it held assets of $737k against liabilities of $33k, net assets of $704k. It reported 4 employees.