Drumthwacket Foundation Inc

Analysis

Drumthwacket Foundation Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Drumthwacket Foundation Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.2m (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drumthwacket Foundation 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 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($1.2m), Minnesota Chamber Foundation ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $147k (13% of expenses). It paid $120k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $660k, net assets of $8.9m. It reported 1 employees.