Friends of Georgetown

Analysis

Friends of Georgetown is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Friends of Georgetown reported income of $242k and spending of $248k, spending 103% of its income. Across the 3 years on record, from September 2020 to September 2023, income grew from $195k to $242k (+24%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Georgetown sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Bricks to Bread International ($242k), Forward High Point Foundation ($242k) and So Cal Corporate Growth Partners ($241k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $77k (31% of expenses). Other salaries and wages came to $7,152. At year end it held assets of $52k against liabilities of $6,318, net assets of $45k. It reported 1 employees.