Drueding Center

Analysis

Drueding Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Drueding Center reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.6m (-7.3%), an average of -1.9% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drueding Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include St Vincent de Paul Thrift Store of Dallas ($3.6m), YWCA of McLean County ($3.6m) and San Luis Valley Local Foods Coalition ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $173k (4.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.4m against liabilities of $756k, net assets of $7.7m. It reported 51 employees.