Drawchange Inc

Analysis

Drawchange Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Drawchange Inc reported income of $210k and spending of $217k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $270k to $210k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Drawchange Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Council of Professional Associations on Federal Statistics ($210k), Society for Indo-American Arts ($210k) and Washington Metropolitan Philharmonic Association ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $138k. At year end it held assets of $241k against liabilities of $0, net assets of $241k. It reported 6 employees.