Dake Foundation for Children

Analysis

Dake Foundation for Children is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in January 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dake Foundation for Children reported income of $262k and spending of $164k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $262k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 273%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dake Foundation for Children sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include YWCA Northwestern Illinois Foundation ($262k), 5th Squad ($262k) and Foundation for a Better Puerto Rico Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $49k (30% of expenses). At year end it held assets of $1.0m against liabilities of $6,885, net assets of $999k. It reported 1 employees.