Engine Foundation Inc

Analysis

Engine Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Engine Foundation Inc reported income of $619k and spending of $556k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $975k to $619k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Engine Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include System for Education Empowerment and Success ($619k), Lyric Theatre Company ($619k) and Poison Apple Productions ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $181k (33% of expenses). Other salaries and wages came to $225k. At year end it held assets of $812k against liabilities of $1,854, net assets of $810k. It reported 9 employees.