St Coletta of Greater Washington Inc

Analysis

St Coletta of Greater Washington Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, St Coletta of Greater Washington Inc reported income of $25.6m and spending of $28.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $25.6m to $25.6m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Coletta of Greater Washington Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Steward School Corporation ($25.5m), Pibly Residential Programs Inc ($25.6m) and The Redwoods-A Community of Seniors ($25.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $964k (3.4% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $36.2m against liabilities of $8.1m, net assets of $28.1m. It reported 455 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.