Greater Washington Educational Telecommunications Association Inc

Analysis

Greater Washington Educational Telecommunications Association Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Washington Educational Telecommunications Association Inc reported income of $141.1m and spending of $125.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $117.9m to $141.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Washington Educational Telecommunications Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include The Barack Obama Foundation ($140.6m), Friends of United Hatzalah Inc ($144.9m) and Associated Universities Inc ($134.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $3.2m (2.5% of expenses). Other salaries and wages came to $41.6m. It paid $103k in professional fundraising fees. At year end it held assets of $219.5m against liabilities of $32.0m, net assets of $187.5m. It reported 488 employees.