Connected DMV

Analysis

Connected DMV is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Connected DMV reported income of $7.0m and spending of $5.8m, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $486k to $7.0m (+1338%), an average of +143% a year. The sharpest change came in the year to December 2021, when income rose by 580%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connected DMV sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Youth Services Network Inc ($7.0m), Central Minnesota Council on Aging Inc ($7.0m) and Green Country Village Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $432k (7.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $791k against liabilities of $1.9m, net assets of -$1.1m. It reported 14 employees.