Our Towns Civic Foundation Inc

Analysis

Our Towns Civic Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2020, 6 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 December 2023, Our Towns Civic Foundation Inc reported income of $152k and spending of $191k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $286k to $152k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Our Towns Civic Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include Rapha Christian Counseling Center ($152k), Sherwood Forest Association ($152k) and Tule River Economic Development Corporation ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $606k against liabilities of $0, net assets of $606k.