Dragonfly Foundation

Analysis

Dragonfly Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Dragonfly Foundation reported income of $2.5m and spending of $1.8m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.5m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dragonfly Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include General Care Services Inc ($2.5m), Space Coast Health Foundation Inc ($2.5m) and Upmc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $632k. It paid $87k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $693k, net assets of $2.7m. It reported 14 employees.