Declan Drumm Sullivan Memorial Fund

Analysis

Declan Drumm Sullivan Memorial Fund is a registered charity in United States, based in Long Grove, IL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Declan Drumm Sullivan Memorial Fund reported income of $671k and spending of $738k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $596k to $671k (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Declan Drumm Sullivan Memorial Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Blue Sea Philanthropy USA ($670k), Wellsky Foundation ($671k) and Berea College Science and Health Foundation Inc ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 121% of the total. Compensation of current officers, directors and key employees was $60k (8.1% of expenses). At year end it held assets of $790k against liabilities of $5,000, net assets of $785k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.