Washington Monthly Institute Inc

Analysis

Washington Monthly Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover social science, 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 December 2023, Washington Monthly Institute Inc reported income of $703k and spending of $1.5m, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $838k to $703k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income rose by 145%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Monthly Institute Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include Artolution Inc ($703k), Florida Keys History and Diving Museum Inc ($703k) and Kairos Communication Service International ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $685k. At year end it held assets of $1.6m against liabilities of $494k, net assets of $1.1m. It reported 9 employees.