Assets Under Movement

Analysis

Assets Under Movement is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Assets Under Movement reported income of $273.8m and spending of $206.3m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.9m to $273.8m (+1096%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 281%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Assets Under Movement sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include California Community Foundation ($270.7m), The Jewish Federations of North America Inc ($278.7m) and Hawaii Community Foundation ($270.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $230.9m against liabilities of $1.7m, net assets of $229.2m. It reported 40 employees.