Friends of the Drexel

Analysis

Friends of the Drexel is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Drexel reported income of $738k and spending of $746k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $738k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Drexel 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 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Opera House Arts ($738k), Saint Louis Art Fair ($738k) and Lincoln Media Foundation Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 54% of the total. Other salaries and wages came to $201k. At year end it held assets of $977k against liabilities of $94k, net assets of $883k. It reported 17 employees.