Drum Corps Assoc

Analysis

Drum Corps Assoc is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Drum Corps Assoc reported income of $171k and spending of $163k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $278k to $171k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drum Corps Assoc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Stevens County Fair Association Inc ($171k), Buddy and Sara Gibson Ministry ($171k) and Friends of Mount Allison University Inc 107 Westport Avenue ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. At year end it held assets of $11k against liabilities of $11k, net assets of $0.