Democracy Fund Inc
1200 17th St NW Ste 300, Washington, DC · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $2,515,339 | $100,001,045 | -$18,235,589 |
| FY2022 | $68,592,390 | $62,022,102 | $79,250,117 |
| FY2021 | $59,747,292 | $59,595,833 | $72,686,101 |
| FY2020 | $65,793,183 | $72,150,532 | $72,534,642 |
| FY2019 | $63,141,642 | $56,331,961 | $78,891,991 |
| FY2015 | $22,308,429 | $15,818,008 | $29,512,539 |
| FY2014 | $30,472,552 | $7,630,284 | $22,842,268 |
Form 990 filings
The returns filed by Democracy Fund Inc (EIN 38-3926408), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Other revenue | $2,515,339 | 100% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in DC. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $77,161,421 |
| FY2022 | $41,451,118 |
| FY2021 | $41,605,997 |
| FY2020 | $51,779,106 |
| FY2019 | $37,636,989 |
| FY2015 | $11,568,791 |
| FY2014 | $5,956,175 |
What the numbers show
- Other revenue made up 100% of total revenue in FY2023.
- Net assets covered about -2.2 months of expenses at the end of the reporting year. That puts it in the 5th percentile among 358 Human Services organizations in DC.
- Total revenue was higher than 74.2% of 368 Human Services organizations in DC.
- Total revenue fell from $30,472,552 in FY2014 to $2,515,339 in FY2023. Revenue increased in 3 and decreased in 3 of 6 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 7 reported years (FY2020, FY2023).
- The highest revenue on record here is $68,592,390 in FY2022.
- Net assets declined from $22,842,268 to -$18,235,589 between FY2014 and FY2023.
- Contributions and grants made up 101% of revenue in FY2014 and 0% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private operating foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2024 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | P20 — Human Services (in DC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private operating foundation). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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