Deutscher Schulverein Washington D C

Analysis

Deutscher Schulverein Washington D C is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Deutscher Schulverein Washington D C reported income of $15.0m and spending of $16.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.6m to $15.0m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Deutscher Schulverein Washington D C sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Centennial Place Academy Inc ($15.0m), Edsys Inc ($15.0m) and Unity Preparatory Charter School of Brooklyn ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $200k (1.2% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $18.1m against liabilities of $4.3m, net assets of $13.8m. It reported 195 employees.