The Dragon Foundation Inc

Analysis

The Dragon Foundation Inc is a registered charity in United States, based in Lake Orion, MI. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Dragon Foundation Inc reported income of $234k and spending of $110k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $234k (+219%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Dragon Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Vail Valley Lacrosse Club ($234k), Humble Girls Softball League ($234k) and Maple Valley Lacrosse Club ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $640k against liabilities of $0, net assets of $640k.