Corporate Alliance for Drug Education

Analysis

Corporate Alliance for Drug Education is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1987, 39 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 June 2023, Corporate Alliance for Drug Education reported income of $1.4m and spending of $958k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $694k to $1.4m (+106%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corporate Alliance for Drug Education sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Boy Scouts of America ($1.4m) and United Way of Gratiot & Isabella Counties ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (9.9% of expenses). Other salaries and wages came to $603k. At year end it held assets of $979k against liabilities of $332k, net assets of $648k. It reported 16 employees.