For the Long Term

Analysis

For the Long Term is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, For the Long Term reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $295k to $1.2m (+311%), an average of +103% a year. The sharpest change came in the year to December 2022, when income rose by 408%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, For the Long Term 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 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Mrc-754 East 161st Street Housing Development Fund Corporation ($1.2m), International Leadership Foundation ($1.2m) and The Lee County Jewish Federation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $236k (22% of expenses). Other salaries and wages came to $362k. It paid $96k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $8,623, net assets of $1.2m. It reported 6 employees.