Drumm Center for Children Inc

Analysis

Drumm Center for Children Inc is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in June 1948, 78 years ago. 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 August 2023, Drumm Center for Children Inc reported income of $3.3m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.3m to $3.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to August 2021, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drumm Center for Children Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Jewish Cemeteries of Greater Cincinnati Inc ($3.3m), Ketchum Grande Memoriall School ($3.3m) and Bomi International 457 B Plan ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $172k (5.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $21.1m against liabilities of $1.8m, net assets of $19.3m. It reported 56 employees.