Drop-In Center Inc

Analysis

Drop-In Center Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Drop-In Center Inc reported income of $1.5m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drop-In Center Inc 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 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Locker Project ($1.5m), Oak Mountain Mission Ministries Inc ($1.5m) and Christian Family Services Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $175k (11% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $807k against liabilities of $220k, net assets of $587k.