Draper Holding Charitable Foundation Inc

Analysis

Draper Holding Charitable Foundation Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Draper Holding Charitable Foundation Inc reported income of $704k and spending of $506k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $704k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Draper Holding Charitable Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Kingsborough Community College Foundation ($704k), HFT Employee Emergency Relief Fund Inc ($704k) and Responsibility ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.