The Washington Home Inc

Analysis

The Washington Home Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, The Washington Home Inc reported income of $7.4m and spending of $6.4m, spending 87% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $14.9m to $7.4m (-50%), an average of -50% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Washington Home Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Fort Hudson Home Care Inc ($7.4m), Spring River Mental Health & Wellness Inc ($7.4m) and Parrott Creek Child and Family Services ($7.4m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 1.9% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $307k (4.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $61.2m against liabilities of $847k, net assets of $60.4m. It reported 89 employees.