Drum Major Institute Inc

Analysis

Drum Major Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1999, 27 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 2022, Drum Major Institute Inc reported income of $344k and spending of $354k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $109k to $344k (+215%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drum Major Institute Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Sanibel Captiva Rotary Trust Fund ($344k), Kids First at Sunset View ($344k) and Little League Baseball Inc ($344k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (25% of expenses). Other salaries and wages came to $94k. At year end it held assets of $191k against liabilities of $72k, net assets of $118k. It reported 1 employees.