Drop in the Bucket

Analysis

Drop in the Bucket is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Drop in the Bucket reported income of $857k and spending of $827k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $857k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drop in the Bucket sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Family Wellness Outreach Center of Georgia Inc ($857k), San Juan Center Inc ($857k) and Supported Life Institute ($857k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (5.8% of expenses). At year end it held assets of $236k against liabilities of $24k, net assets of $211k. It reported 1 employees.