Drum-Desis Rising Up and Moving Inc

Analysis

Drum-Desis Rising Up and Moving Inc is a registered charity in United States, based in Jackson Heights, NY. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Drum-Desis Rising Up and Moving Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Drum-Desis Rising Up and Moving Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include New North Inc ($1.9m), Neighborhood Development Alliance Inc ($1.9m) and The Workshop ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $76k (4.2% of expenses). Other salaries and wages came to $694k. At year end it held assets of $3.1m against liabilities of $262k, net assets of $2.8m. It reported 19 employees.