Former Members of Congress Inc

Analysis

Former Members of Congress Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Former Members of Congress Inc reported income of $2.7m and spending of $2.9m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.7m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Former Members of Congress Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Citizens United Foundation ($2.7m), World Evangelical Alliance ($2.7m) and California Forward ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $295k (10% of expenses). Other salaries and wages came to $906k. At year end it held assets of $5.4m against liabilities of $2.7m, net assets of $2.8m. It reported 13 employees.