Dropping Dimes Foundation Inc

Analysis

Dropping Dimes Foundation Inc is a registered charity in United States, based in Brownsburg, IN. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dropping Dimes Foundation Inc reported income of $61k and spending of $29k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $61k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dropping Dimes Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include St Jude Iraq ($61k), Coventry Friends of Human Services Inc ($61k) and Family Services of Western Pennsylvania ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $372k against liabilities of $12k, net assets of $361k.