Washington Area Community Investment Fund Inc

Analysis

Washington Area Community Investment Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington Area Community Investment Fund Inc reported income of $7.6m and spending of $10.8m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $7.6m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Area Community Investment Fund Inc sits at the 94th percentile: it is larger than about 94% 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 Orphan Foundation of America Orph ($7.6m), Archcare Community Services Inc ($7.6m) and Mount Evans Hospice Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $1.5m (13% of expenses). Other salaries and wages came to $2.2m. It paid $20k in professional fundraising fees. At year end it held assets of $14.3m against liabilities of $6.4m, net assets of $7.9m. It reported 47 employees.